Monthly Archives: July 2016

Endowment Wealth Management Weekly Capital Markets Update for Week Ended 7/29/2016

Post On July 29, 2016 by

WEEKLY CAPITAL MARKET HIGHLIGHTS: Among equities, returns were split fairly evenly across large and small caps. Growth stocks were driven by strength in Tech earnings and outperformed value stocks. In dollar terms, international stocks outperformed developed equities. The yield on the 10-year Treasury note moved lower. The Treasury Department auctioned $28 billion of 7-year notes on Thursday at a yield of 1.34%. The Federal Reserve (Fed) left its fed funds target range unchanged at 0.25...

Read More

Endowment Wealth Management Weekly Capital Markets Update for Week Ended 7/22/2016

Post On July 25, 2016 by

WEEKLY CAPITAL MARKET HIGHLIGHTS: The Dow Jones Industrial Average hit record highs. The widely followed index reached an all-time record high at Wednesday’s close. The index closed at 18,595, which represents a YTD gain of approximately 8.5%. Among equities, domestic markets lagged both International and Emerging Markets despite the turmoil in Turkey. Europe was mixed, but Japan and China delivered solid gains. On the domestic front, the S&P 500 posted modest gains, and small caps o...

Read More

Endowment Wealth Management Weekly Capital Markets Update for Week Ended 7/15/2016

Post On July 15, 2016 by

WEEKLY CAPITAL MARKET HIGHLIGHTS: Global equity markets were led by Greece, Italy, and Spain, with strong single-digit returns, while the U.K., Japan, and the U.S. had low single-digit performance. The U.S. 10-Year Treasury Note yield stays low. Demand for safety and yield, especially from abroad following Brexit, has kept Treasury yields low. Commodities were mixed on the week. With the exception of natural gas, energy is up broadly. Precious metals (except silver) were down through Fri...

Read More

EWM Macro Recap-June 2016

Post On July 8, 2016 by

Domestic equity markets were mixed in June, with volatile trading in the last five sessions roiling indices. Investors were primarily focused on the lead-up to, and aftermath of, the U.K.’s decision to exit the European Union (“Brexit”).  The Brexit decision caught the market off guard, and although it will have minimal impact in the near future, markets do not like surprises or uncertainty. Other factors weighing on the market during the month were the Federal Open Market Committee’s (...

Read More

Endowment Wealth Management Weekly Capital Markets Update for Week Ended 7/8/2016

Post On July 8, 2016 by

WEEKLY CAPITAL MARKET HIGHLIGHTS: US stock market approached a record-high. Inspired by the June job report, the US stock market jumped, with the S&P 500 Index closing in on the all-time high of 2134.72 reached on May 20, 2015. Among equities, small caps outperformed large caps, and growth stocks outperformed value stocks. Domestic equities outperformed international equities. Developed markets were on par with emerging markets. Treasury yields continued to decline, sliding below 1.4%...

Read More

Endowment Index Survives Brexit Scare to Close with Gain in 2Q 2016

Post On July 8, 2016 by

The Endowment Index® calculated by Nasdaq OMX® increased 1.30% (on a total return basis) for the quarter ended June 30, 2016, closing at 1,025.72.   This compares to the S&P 500, which gained 2.46% for the same period. The Endowment Index remained in a 4% range during the quarter with the Index’s quarterly closing high and low occurring only a few days apart.  The quarterly closing high was reached on June 27 when the Index closed at 1,042.59.  Two trading days later, as global mar...

Read More

Endowment Wealth Management Weekly Capital Markets Update for Week Ended 7/1/2016

Post On July 5, 2016 by

WEEKLY CAPITAL MARKET HIGHLIGHTS: Stocks posted generally strong results. Domestic broad market indices were higher, as investors continued to digest the implications of last week’s Brexit outcome. Stocks rallied following the initial sell-off late last week and on Monday. Investors seem to be coming to the conclusion that whatever the longer term implications for international economies, Brexit is likely to have very little impact on the U.S. economy. The S&P 500 ended the first half ...

Read More