Monthly Archives: December 2016

Endowment Wealth Management Weekly Capital Markets Update for Week Ended 12/30/2016

WEEKLY CAPITAL MARKET HIGHLIGHTS: Stocks in the US took a step back this week in light trading. The market appears to be taking a break from the continued rise following Donald Trump’s surprise presidential victory. This marks the first week since the election that US stock markets have ended the week with a decline. Stocks in developing markets experienced a strong week of gains, while their developed market counterparts ended the week near flat. Treasury yields fell on the long en...

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Endowment Index® Closes Quietly for Last Trading Session of the Year: Gains 7.2% in 2016

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed the final trading day of 2016 at 1,072.11. The Index remained in a very narrow band for the past week after closing last Friday at 1071.01. The Index closed 2015 at 1,000.17 and climbed 71.94 points, or approximately 7.2% in 2016. A more detailed report on the Index's 4th quarter and 2016 performance will be forthcoming in the 2016 Q4 update (visit our Endowment Index web page to sign up to be notified once it becomes avail...

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EWM Macro View-December 2016

Another December Fed Hike And Why 2017 Will Be Completely Different Than 2016 There was very little suspense going into this week’s Federal Open Market Committee (FOMC) meeting, much the same as a year ago when the Fed made the first interest rate hike since the financial crisis. Global financial markets had priced in a 100% chance of a rate hike this week, and Chair Yellen did not disappoint. However, the announcement of the expectation for three further hikes in 2017, rather than two, did...

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Endowment Wealth Management Weekly Capital Markets Update for Week Ended 12/16/2016

WEEKLY CAPITAL MARKET HIGHLIGHTS: Among equities, US markets took a bit of a breather in their post-election run, finishing roughly flat for the week. International markets were down slightly, though both Italy and Spain posted significant gains. Among EM countries, Russia posted a strong gain, whereas the broader EM Index was down more than 2%. Treasury yields continue to climb. 2-year Treasury yields jumped from 1.15% to 1.32% before settling back to roughly 1.25% at the end of the wee...

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Endowment Index® Declines for Week Ended 12/16/2016

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,071.36 today, down from from last Friday's close of 1,088.43. The Endowment Index® represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy® or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index® measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that inclu...

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Endowment Wealth Management Weekly Capital Markets Update for Week Ended 12/09/2016

WEEKLY CAPITAL MARKET HIGHLIGHTS: US stock market indexes continued to rally, closing the week higher, as post-election optimism continued. US Treasury yields rose on the heels of stronger-than-expected Chinese inflation data, and ahead of the FOMC meeting on the 14th. Oil moved higher, as investors are optimistic that non-OPEC producers will agree to cut output at tomorrow’s meeting. The US dollar rallied, whereas international currencies and gold declined. The Euro posted its l...

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Endowment Index ® Closes Week of 12/9/2016 at All-Time High

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,088.43 today, up from from last Friday's close of 1,065.73. The close today marks an all-time closing high. The Endowment Index® represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy® or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index® measures performance for a multi-asset, globally-divers...

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EWM Macro Recap-November 2016

Domestic equity markets surged in November, as investors anticipated an injection of economic growth with the election of Donald Trump. Markets had been volatile leading up to the election, amid uncertainty about the outcome of the race. Prior to the election, many market analysts had speculated that if Trump won, the equity markets would drop, as his election would represent a change in the status quo. Investors also gained greater clarity on the likelihood that the Federal Open Market Committe...

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Endowment Wealth Management Weekly Capital Markets Update for Week Ended 12/02/2016

WEEKLY CAPITAL MARKET HIGHLIGHTS: Among equities, small caps under-performed large caps; value stocks outperformed growth stocks, and domestic stocks slightly under-performed international equities. Developed markets outperformed emerging markets.  Stock prices overal were slightly lower. The market’s sharp rally following the election took a breather this week, as investors considered today’s employment data and the prospect of a rate hike by the Federal Reserve (Fed) at its upcoming ...

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