News from Prime Buchholz

March 2018 Monthly Market Review

Most equity markets fell in March and volatility remained elevated. Information technology (IT) stocks declined sharply, but remained the top performing sector in the S&P 500 on a year-to-date basis.  Unlike February, dispersion was high as some...

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May 2018 Monthly Market Review

U.S. equities posted positive returns in May, led by smaller cap stocks, which were more insulated from the impact of rising trade war rhetoric.  However, equity results were mixed across the globe following the rise of several...

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April 2018 Monthly Market Review

The decline in risk assets subsided in April and U.S. equity market volatility fell from elevated levels exhibited in recent months.  Earnings reports in the U.S. were generally positive, with more than 80% of companies in the...

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February 2018 Monthly Market Review

Despite a favorable macroeconomic backdrop, global equity markets experienced a sharp pullback in early February and equity market volatility rose sharply.  After several years at muted levels, domestic equity volatility, as measured by the VIX, hit its highest...

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January 2018 Monthly Market Review

Risk assets started 2018 strong with global equities building on gains from 2017.  Investors embraced the enactment of U.S. tax reform and optimism rose regarding improving economic activity in Europe and a generally favorable backdrop for global growth. ...

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2017 Year-End Review

Investors enjoyed a second consecutive calendar year of strong capital market gains, with global equity markets continuing the bull market.  Contributing factors included stronger economic data, accelerating earnings growth, and relatively loose monetary policy despite the Fed&rsquo...

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November 2017 Monthly Market Review

Weakness in the U.S. dollar (USD) during November provided a tailwind for global equity markets, which built upon gains achieved in October.  However, there was notable dispersion among local equity market returns, with strong gains in the...

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October 2017 Monthly Market Review

Equity market gains were broad-based in October, driven by rising optimism regarding tax stimulus and recent favorable corporate earnings trends.  Technology was a positive contributor across regional equity indices on the heels of further gains from several mega...

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September 2017 Monthly Market Review

Most risk assets performed well in September, with the markets embracing potential domestic tax reforms and economic releases reflecting mostly positive indicators  toward the end of the month.  The Federal Reserve also announced plans to taper bond...

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August 2017 Monthly Market Review

While most equity markets enjoyed another positive month in August, these gains masked greater uncertainty and increased geopolitical tensions.  In the last week of the month, North Korea fired several ballistic missiles into the East Sea and over...

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July 2017 Monthly Market Review

July was another strong month for risk assets amid ample central bank liquidity, stable economic growth, and strong U.S. corporate earnings results.  The environment not only supported global equities, but several marketable real asset categories and below-investment-grade...

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2017 Fiscal Year-End Review

Fiscal year 2017 began with lingering uncertainty caused by a rising tide of populism, notably the Brexit referendum vote that closed out fiscal year 2016.  Rooted in global trade-related economic inequality, a desire to control borders, and national security concerns,...

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June 2017 Monthly Market Review

June marked another positive month for equity markets, with emerging markets (EM) outperforming their developed market counterparts.  U.S. equities improved slightly for the month after a strong start to the year, but the MSCI EAFE Index fell...

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May 2017 Monthly Market Review

Global equity markets continued to gain ground in May, led by non-U.S. developed- and emerging-market equities.  Political corruption generated headlines once again in Brazil, but contagion was limited and the broader market impact was muted.  Political...

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April 2017 Monthly Market Review

Global equity markets continued to rally and exhibit low volatility in April despite an uncertain political environment and a lackluster U.S. GDP report.  While there were gains in several areas, there were further signs of market divergence...

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March 2017 Monthly Market Review

Returns diverged across markets during March.  U.S. equities were relatively flat, but some  asset classes posted strong gains and others declined modestly.  The U.S. dollar (USD) fell relative to most foreign currencies.  This...

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February 2017 Monthly Market Review

February marked another positive month for most risk assets, with several domestic equity indices hitting record levels once again.  Investor sentiment continued to be positive as monetary policies among large central banks remained relatively accommodative and U.S....

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January 2017 Monthly Market Review

The market continues to assess the potential impact of President Donald Trump’s policy initiatives.  A few key trends from late 2016 reversed during January, broadly impacting the capital markets.  After rising post-election, the U.S. dollar ...

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2016 Year-End Review

At the outset, 2016 was underscored by sharp declines in many risk assets amid concerns over global growth, continued oil price weakness, and the pace of slowing growth in China.  Through February 11th, the S&P 500 was down 10.3%...

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November 2016 Monthly Market Review

Donald Trump’s unexpected victory in the U.S. Presidential election had a significant, immediate, and broad impact across the capital markets.  It is unclear precisely how policies will change under Trump’s leadership and whether...

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October 2016 Monthly Market Review

Risk asset performance was mixed in October, after largely exhibiting gains in September.  Outside of positive returns in financials, U.S. equities were broadly lower, led by meaningful weakness in health care and real estate.  U.S....

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September 2016 Monthly Market Review

Most risk assets posted positive absolute returns in September, as large central banks remained accommodative and the Fed continued to hold policy rates steady.  After an extensive review, the Bank of Japan (BoJ) announced a new monetary policy...

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August 2016 Monthly Market Review

Markets were mixed in August and performance between risk assets was diverse.  Unlike several recent meetings, the Federal Reserve’s annual symposium at Jackson Hole on August 25th contained a more hawkish tone, putting upward pressure on...

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July 2016 Monthly Market Review

July was a strong month for equity markets as investors looked past the potential negative impacts of Brexit and equity market volatility abated to more normal levels.  In Japan, officials implemented further fiscal and monetary policy expansion, while...

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Year-End Review

U.S. equities posted strong calendar-year gains once again as the S&P 500 Index and Dow Jones reached record levels on multiple occasions.  However, these advances were far from broad-based across capital markets.  A sharp rally...

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