EWM Weekly Capital Market Highlights for Week Ending 8/9/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • Domestic equities were down for the week, with small cap stocks decreasing the most. International equities ended the week in negative territory, falling more than their domestic counterparts, with emerging markets stocks faring the worst.
  • Treasury yields across the curve declined through end-of-day Thursday, with longer-term yields falling more than shorter-term yields.
  • The US dollar weakened against a basket of major trade partners’ currencies during the week, reflecting increased fears over currency wars.
  • Commodities contracted for the week, as declining energy prices outweighed the strong week for gold.
  • In other economic news, The Producer Price Index for final demand increased by 0.20% last month, bringing the final demand index up 1.70% for the 12 months ended in July. The muted producer prices may be a result of the prolonged global trade war, which some analysts believe is causing a slowdown in manufacturing.

Click here to download the complete weekly report: EWMWeeklyReview 8.12.19

Disclosure: Past performance is not necessarily indicative of future results.

Endowment Index™ Declines 0.46% for Week Ending 8/9/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,265.43 Friday, declining 0.46% from the previous Friday’s close of 1,271.25. 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 includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

Endowment Wealth Management’s Robert Riedl Named to Investopedia’s Top 100 Advisor’s list for 2019

By News

Robert Riedl, CPA, CFP, AWMA, President and Director of Wealth Management for Endowment Wealth Management, Inc., has been named to the Investopedia Top 100 list of the most influential advisors for 2019.

This is the 3rd year of the awards, which recognizes financial advisors who use their media platforms to promote and amplify financial education and improve the practice of financial planning as well as for their significant contributions to critical conversations about financial literacy, investing strategies, life-stage planning and wealth management.

Investopedia strives to promote important conversations among investors and financial professionals of all levels, everywhere.  Financial education is a never-ending journey that requires constant exploration, examination and discourse. The Investopedia 100 is a salute to advisors who are guides of that journey and contribute industry insights to the many Americans who need them.

Unique among financial awards, Investopedia’s proprietary methodology focuses on awarding financial advisors who have demonstrated a top-of-the-industry ability to reach the largest and most relevant financial and investing audience, as measured by the impact and quality of their published work, public appearances, and online following. The 2019 Investopedia 100 also heavily weighed peer-to-peer nominations, highlighting the most influential advisors who were recommended by their peers.

 

Endowment Wealth Management, Inc. and ETF Model Solutions, LLC do not make any solicitation payments to award sponsors to be nominated or to qualify for nomination of an award. Investopedia does not receive compensation from placing advisors on their Top 100 List, nor does an advisor’s appearance on the list constitute an individual endorsement by Investopedia of such advisor. More information on Investopedia’s rankings and their methodology can be obtained at investopedia.com.

 

EWM Weekly Capital Market Highlights for Week Ending 8/2/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • Global equity markets were led by Japan and Turkey, which posted returns between 19 and 24 basis points through Thursday. India and Argentina, down more than 3.10% and 4.30%, respectively, were the worst performers.
  • The Treasury yield curve shifted downward through Thursday. Yields across the curve fell precipitously in response to the Fed’s rate cut.
  • Commodities were broadly down on the week. Oil, agriculture, and precious and industrial metals were down on the week.
  • The US dollar strengthened against a basket of major trade partners’ currencies. The dollar index remains at highs not seen since 2017.
  • In other economic news: The US trade deficit grew in January as exports fell due to ongoing trade tensions. Construction spending fell 1.30% in June in a greater drop than economists had forecast. The Conference Board’s Consumer Confidence Survey approached post-crisis heights in July, as unemployment remains low.

Click here to download the complete weekly report: EWMWeeklyReview 8.5.19

Disclosure: Past performance is not necessarily indicative of future results.

Endowment Index™ Closes Lower for Week Ending 8/2/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,271.25 Friday, declining 2.39% from the previous Friday’s close of 1,302.39. 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 includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

Endowment Index™ Posts Gain for Week Ending 7/26/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,302.39 Friday, increasing 0.63% from the previous Friday’s close of 1,294.27. 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 includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

EWM Weekly Capital Market Highlights for Week Ending 7/19/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • US equities traded mostly lower during the week on disappointing earnings concerns, worries about the health of the economy, and lack of progress in resolving the trade dispute with China.
  • The Yield on the 10-Year US Treasury Note drifted lower toward 2% over the course of the week, or more than one percentage point below its peak last November.
  • The US dollar finished weaker against a basket of currencies, reflecting rising expectations that the Fed could cut short-term lending rates by 50 basis points, rather than a more typical 25.
  • Gold extended its rally and hit a six-year high on concerns about worsening relations in the Middle East, a lower dollar, and falling government bond yields.
  • Oil prices have declined to their lowest levels in a month, despite growing tensions in the Middle East, as weaker demand and growing US inventories weighed on the market.

Click here to download the complete weekly report: EWMWeeklyReview 7.22.19

Disclosure: Past performance is not necessarily indicative of future results.

Endowment Index™ Closes Lower for Week Ending 7/19/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,294.27 Friday, declining 0.54% from the previous Friday’s close of 1,301.35. 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 includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

EWM Weekly Capital Market Highlights for Week Ended 7/12/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • Among equities, the US stock market peaked this week after Fed Chair Powell indicated a probable rate cut this month. On Thursday, the Nasdaq Composite Index dipped a little after President Donald Trump’s tweet indicating challenges in the trade talks between China and the US. European shares ticked up on Friday as auto and chemical shares pushed the Stoxx-600 higher. Equity indices in the Asia-Pacific region dipped due to weak data from China and Singapore.
  • The yield on the 10-Year US Treasury Note rose to 2.13% following the release of strong inflation data.
  • The Dollar Spot Index started the week with an upward trend. However, the index dipped as the week continued, as the increased possibility of the Fed’s interest rate cut weighed on it.
  • The Trump Administration withdrew its proposal to eliminate rebates from government drug plans. Shares of health insurers such as Cigna Corp (CI), United Health (UNH), and CVS Health (CVS), soared.
  • The US budget deficit increased to $747.1 billion for the first nine months of the fiscal year. This reflects a year-over-year increase of 23.10% for the same time period. The Trump Administration expects this figure to exceed $1 trillion for this fiscal year.

Click here to download the complete weekly report: EWMWeeklyReview 7.15.19

Disclosure: Past performance is not necessarily indicative of future results.

Endowment Index™ Declines 0.07% for Week Ending 7/12/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,301.35 Friday, declining 0.07% from the previous Friday’s close of 1,302.27. 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 includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.