Archive for January, 2018
Investment & Economic Talking points
Equity markets continue to rally into this New Year with nearly all equity indicies being positive (all numbers are YTD): S&P 500 4.28%; Dow Jones 30: 4.44%; Russell 2000: 3.70%; MSCI EAFE: 3.68%; MSCO EM: 4.32%; NASDAQ: 5.21%. If early meetings are any indication, the most common question we’ll be answering this quarter is, “great, but when is the correction coming”. I actually view this as a positive thing. If we had clients who had historically been conservative all of a sudden wanting to get “into the market” I would be more concerned as performance chasing, while common, is even more so late in a cycle due to a fear of missing out on returns. Even more good news in terms of this recent run, valuations, while elevated, are not yet expensive and no where near “bubble like” in my opinion. According to JP Morgan, as of 12/31/2017 the Forward…
Weekly Investment & Economic Talking Points
Equity markets continue to rally into this New Year with nearly all equity indicies being positive (all numbers are YTD): S&P 500 4.28%; Dow Jones 30: 4.44%; Russell 2000: 3.70%; MSCI EAFE: 3.68%; MSCO EM: 4.32%; NASDAQ: 5.21%. If early meetings are any indication, the most common question we’ll be answering this quarter is, “great, but when is the correction coming”. I actually view this as a positive thing. If we had clients who had historically been conservative all of a sudden wanting to get “into the market” I would be more concerned as performance chasing, while common, is even more so late in a cycle due to a fear of missing out on returns. Even more good news in terms of this recent run, valuations, while elevated, are not yet expensive and no where near “bubble like” in my opinion. According to JP Morgan, as of 12/31/2017 the Forward…
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