Monthly Archives: August 2014

Endowment Wealth Management Weekly Capital Markets Update For Week Ended August 29, 2014 by Prateek Mehrotra

WEEKLY CAPITAL MARKET HIGHLIGHTS: Domestic stock prices were little changed this week. Most major equity indices ended with slight gains this week, after the S&P 500 pierced the 2000 level for the first time. Investors weighed both mixed economic data and heightening tensions in Ukraine and the Middle East. There was a bit of profit-taking following the S&P’s close above 2000 on Thursday. Volume was very light this week as investors prepared for the Labor Day holiday weekend. Global...

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Euro Zone's Deflationary Problems

Is the Euro Zone dealing with the same deflationary issues that the Fed was grappling with a few years ago? With the drop in headline euro-zone inflation to 0.3% in August from 0.4% in July, calls for further ECB action—including large purchases of sovereign bonds—are getting louder. Clearly, inflation is far adrift of the ECB's target of "below, but close to" 2%. But once again, virtually all of the decline is due to volatile prices for energy, food, alcohol and tobacco. Excluding those,...

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Endomwent Index™ Posts Gain for Week Ended August 29, 2014

The Endowment Index™calculated by Nasdaq OMX®  (^ENDOW on Yahoo!Finance) closed at 1034.90 for the week ended August 29, 2014, increasing from the close of 1029.64 for the week ended 8/22/2014.  The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternatives. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not ...

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Solar module prices down 84% since 2008

Per a recent article in the WSJ, the average solar module prices have come down from $3.95 per watt in 2008 to $0.65 per watt recently. That is a dramatic decline as the industry has gone through a full demand/supply cycle, since we started looking at this space in 2006/2007. http://online.wsj.com/articles/solar-power-investors-start-to-see-some-light-and-heat-heard-on-the-street-1409331238?mod=djemheard_t  ...

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S&P 500 Index closes above 2000 for the first time

Tuesday's finish was the 30th record close this year for the index, which has gained 8.2% in 2014 through the end of trade on Tuesday. The Dow industrials hit an intraday record of 17153.80 on Tuesday but failed to hold a record through the close. It took 16 years for the S&P to gain 1000 points since breaking through 1000 for the first time in 1998. The stocks in the S&P 500 were trading at 23.1 times their expected 12-month earnings as of March 31, 1998, according to FactSet. As ...

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Endowment Wealth Management Weekly Capital Markets Update For Week Ended August 22, 2014 by Prateek Mehrotra

WEEKLY CAPITAL MARKET HIGHLIGHTS: Domestic stock prices rallied to approach record highs this week. Most major equity indices delivered sharp gains this week, as Federal Reserve Chairman Janet Yellen indicated that slack remains in the labor market and that the Fed would not be quick to raise rates. Investors also reacted positively to this week’s economic data, which continued to show positive trends, particularly on the housing front. Global markets also generated solid gains on the week....

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Five Reasons Endowments Must Stick With Their Long-Term Investing Strategy Despite Recent Underperformance – Prateek Mehrotra

The portfolio managers atop the country’s most respected university endowments failed to make the honor roll during the current bull market despite their top salaries and genius IQs. Harvard University’s $32.7 billion endowment returned an average of 10.5% annually over the past three years through June 2013 versus 18.45% for the S&P 500, including dividends, over that same period, the Wall Street Journal reported. Yale University’s $21 billion juggernaut gained 12.8% annually over th...

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Smart Contact Lenses Monitor Blood-Glucose Levels

Novartis and Google are working together to develop a smart contact lens designed to monitor blood-glucose levels while also correcting vision. Currently individuals have to rely on a finger prick test to monitor blood-glucose levels. The smart lens method is more accurate and less invasive. The lens is equipped with a tiny sensor that will analyze the amount of glucose in tears and then relay this information through an antenna. It also has the ability to wirelessly transmit the information to ...

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