EWM Weekly Market Update

WEEKLY CAPITAL MARKET HIGHLIGHTS: The Federal Open Market Committee (FOMC) elected to raise the federal funds rate at its March meeting from a range of 50-75 basis points up to 75-100 basis points. This was widely anticipated by the market following aggressive forward guidance in recent weeks. The statement accompanying the hike was less hawkish than expected, and both equity and bond markets rallied on the announcement. The Federal Reserve (Fed) is telegraphing two additional hikes this ye...

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Endowment Index® Green for St. Patty’s Day Week

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed the week at 1,126.81, climbing from last Friday's close of 1,113.51. 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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EWM Macro View-February 2017

Post On March 3, 2017 by

Domestic equity markets continued their move higher in February, reaching new record levels almost daily, as investors embraced the potential growth from the new Presidential administration, positive economic data, and strong corporate earnings. President Trump’s proposed policies remained in focus, with investors anticipating further details on plans for tax reform, repealing and reforming Obamacare, and international trade, among other initiatives. Growth in the fourth quarter for S&P 50...

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Endowment Wealth Management Weekly Capital Markets Update for Week Ended 3/3/2017

Post On March 3, 2017 by

WEEKLY CAPITAL MARKET HIGHLIGHTS: Among equities, large cap outperformed small cap. Returns were split fairly evenly across growth and value stocks. International stocks traded mostly in line with domestic equities, while emerging market equities trailed their developed peers. The Dow Jones Industrial Average (DJIA) rose above 21,000 on Wednesday, taking only 24 trading days of setting record highs from the previous 1,000 point level of 20,000, a key psychological level, which was eclipsed...

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Endowment Index® Flattish for Week Ended 3/3/2017

Post On March 3, 2017 by

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed the week at 1,120.99, falling slightly from last Friday’s close of 1,121.07. 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 ...

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Endowment Wealth Management Weekly Capital Markets Update for Week Ended 2/24/2017

WEEKLY CAPITAL MARKET HIGHLIGHTS: Among equities, large caps outperformed small caps—with the S&P 500 outperforming the Russell 2000. Growth stocks and value stocks performed roughly in line, and domestic equities outperformed international stocks. Emerging markets were also roughly even with developed markets. Treasury prices increased during the week. The yield on the 10-year T-note declined slightly from 2.41% to 2.33%. Commodity indices were relatively flat as oil edged high...

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Endowment Wealth Management Weekly Capital Markets Update for Week Ended 2/17/2017

WEEKLY CAPITAL MARKET HIGHLIGHTS: Among equities, large cap outperformed small cap. Returns were split fairly evenly between growth and value stocks. International stocks mostly trailed domestic equities, and emerging market equities were lower than their developed peers. Commodities were down slightly, as crude oil prices fell and gold rose. The yield on the 10-Year Treasury Note remained stuck in a tight trading range that it has been in for 2017. The dollar index ended the week ...

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EWM Weekly Market Update (for Week Ended 2/10/2017)

Weekly Highlights On Thursday, a federal appeals court unanimously refused to restore President Trump’s ban on travel from seven Muslim-majority countries, issuing a harsh reprimand in a ruling that is now likely destined for the US Supreme Court. Officials at the Global Business Travel Association estimate $185 million in business travel bookings were lost in the week following Trump’s executive order. In recent months, President Trump’s promise of a new tax plan sparked a l...

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Endowment Index® Ends Week At Record High

The Endowment Index® calculated by Nasdaq OMX® (Symbol: ENDOW) closed the week at 1,115.23, which is all-time closing high for the Index.  The Index closed last Friday at 1,107.53. 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-diver...

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EWM Weekly Economic & Capital Market Update

Weekly Highlights Stock prices were mixed. The market consolidated somewhat, as investors continued to digest the heightened activity of the Trump administration and the potential economic impact of recent executive orders. Investors also considered today’s surprisingly strong January employment data, which showed job growth of 227,000, far exceeding consensus expectations. The unemployment rate increased to 4.8%, as the labor force participation rate rose. In addition, the Federal Open...

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