market scorecard | Proper Wealth Management

December 2016 Update image

Market Scorecard Monthly Commentary What a way wrap up 2016 in the markets. Stocks around the globe continued their march higher in December with small cap stocks outperforming large cap, international and emerging market stocks. The US dollar index also extended it's rally over the previous month against most major currencies. Dow 20,000 was within reach but the index didn't quite make it there. We'll have to wait until at least 2017 until we see that level broken. As we remarked last month, the markets appear to be pricing in a lot of pro growth/pro inflation policies in the U.S. due a Trump administration. There's been a lot of speculation, but we're getting very close to finding out what policies will ...

October 2016 Update image

Market Scorecard Monthly Commentary The month of October turned out to be a busy month and not particularly good for stocks, bonds and commodities. I think we'll all be glad when the election is over on November 8th. I have been asked a lot about how the results could impact the markets. Anytime there's a strong consensus, the risk is that it's incorrect. Since Clinton is projected to win, the risk to the markets is that she doesn't which creates more uncertainty since a lot of people view Trump as a wildcard. Although, since Wikileaks has been leaking emails and a new FBI investigation into Clinton's email related to Anthony Weiner, the likelihood of a Trump win has grown. At the ...

5th of October, 2016
In: Insights Blog, Market Research, Monthly Updates
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September 2016 Update image

Market Scorecard Although stock and bond returns were fairly boring, a lot happened during the month of September. Data continued to deteriorate, the Federal Reserve left rates unchanged (and lowered growth forecasts), OPEC agreed to a freeze in production (or did they), Japan is targeting a 0% 10 year bond yield and Deutsche Bank brought the Europe to a Lehman moment. Beginning with the Fed, they left rates unchanged while speaking hawkishly after their decision. They are projecting to the market that they're going to raise rates in December since the economy "feels" like it's getting better. Only the unemployment appears to be doing what they want, although Japan's unemployment is at 3% and they aren't close to growth or inflation. ...

7th of September, 2016
In: Insights Blog, Market Research, Monthly Updates
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August 2016 Update image

Market Scorecard The month of August was relatively boring compared moments in the past few months. The Fed's meeting at Jackson Hole culminated with Janet Yellen and Richard Fischer suggesting there could be one or two rate hikes coming before year end or shortly thereafter. Just one week later, employment for the month of August rose by only 155,000, which missed estimates by a decent margin. The hawkish tone from the Fed will most likely be switched yet again as we saw weak manufacturing and services data. What you may not have heard about Jackson Hole is they held a session on negative nominal interest rates and brought in Marvin Goodfriend as the lead presenter. He is a believer of ...

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