Global financial markets delivered positive returns overall during the second quarter.  A resilient U.S. economy, ongoing enthusiasm around generative artificial intelligence, and growing expectations for interest rate cuts were the…

Global equity markets posted strong gains for the first three months of the year, with the S&P 500 Index recording its strongest first-quarter return since 2019.  A resilient U.S. economy,…

Global equity markets posted strong gains for the fourth quarter, as declining long-term interest rates and easing inflationary pressures lifted prices of both stocks and bonds.  The solid quarterly returns…

Despite a promising start to the third quarter, the reality of higher-for-longer interest rates, given a slower-than-expected decline in inflation, soured investors’ outlook in September and October.  Furthermore, while reported…

Global financial markets delievered mixed results during the second quarter.  Risk assets built strongly on their robust first-quarter returns.  The equity market rally, which since March had been dominated by…

Global financial markets extended their recovery during the first quarter of 2023, despite global instability and elevated volatility.  January saw a strong rally in risk assets and risk-free bonds as…

2022 was a difficult year for investors.  It was also an unusual year.  Over the twelve months to December, U.S. equities declined 19% and non-U.S. equities declined 16%.  Even the…

Global financial markets endured significant volatility during the second quarter, following sharp swings in inflation and the path of the U.S. Federal Reserve’s interest rate hikes.  Having recovered most of…