4th Quarter 2013 Markets The quarter continued the theme of the year, with U.S. equities continuing their dramatic performance. For the quarter, the Dow was up 9.6%, the S&P 9.9%, and the NASDAQ 10.7%. The year’s returns substantially exceeded last year’s “expert predictions” and much of this year’s punditry with the Dow up 26.5%, S&P up 29.6%, and NASDAQ up 38. ...
Market Perspectives
Q3 2013: "The Economy, the Fed, and Politics"
3rd Quarter 2013 Markets It was a good quarter to invest in equities, and despite a down second quarter, overall a good year as well. The Dow was up 1.5%, the S&P 4.7% and the NASDAQ 10.8%. Year-to-date returns were very positive with the Dow up 15.5%, S&P up 17.9%, and NASDAQ up 24.9%. International equities were also positive for the quarter and year with the ...
Q2 2013: "Fed Fears"
2nd Quarter 2013 Markets The Federal Reserve’s announcement on June 19th of a likely early tapering of the economic stimulus bond buying program sparked a global selloff in nearly all major asset classes. All asset classes we track declined in response. Except for domestic equities, which were modestly positive for the quarter, nearly all other asset indices were negativ ...
Q1 2013: "Teachings from Recovered Markets"
1st Quarter 2013 Markets Domestic equity markets continued to confound many strategists and pundits. The Dow, S&P, and NASDAQ ended the quarter at all-time record highs. The Dow was up 11.3%, the S&P 10.0%, and the NASDAQ 8.2%. For globally diversified equity investors, the news was mixed but still positive. Emerging markets were down, but developed markets mad ...