April Monthly Commentary

Coming off a strong first quarter, stocks continued their run in April amid the Federal Reserve’s more dovish stance. The US led the way, with the S&P 500 Index increasing 4% during the month – pushing year-to-date returns to 18.2%. … Continued

March Monthly Commentary

Following the market rout at the end of 2018, equities made a strong comeback in the first quarter. Risk assets pushed higher as the Fed signaled no additional rate hikes in 2019. The US led the way, with the S&P … Continued

February Monthly Commentary

Global equities continued their winning streak in February as concerns surrounding US economic growth faded and the outlook for a US-China trade deal improved. As a result, the S&P 500 Index increased 3.2% during the month. Chinese stocks returned 3.5%, … Continued

January Monthly Commentary

A more dovish tone from the Federal Reserve and improving trade rhetoric between the United States and China helped stocks bounce back in January after their widespread selloff a month earlier. The S&P 500 Index gained 8.0% and small-cap US … Continued

December Monthly Commentary

Global equities went out with a whimper in a year marked by volatility as ongoing trade tensions, a rising rate environment, and weaker economic data weighed on all major global equity indices. The S&P 500 Index fell 9.0% in December … Continued

November Monthly Commentary

Equities came up for air in November after a widespread selloff a month earlier. Emerging market stocks led the way, with the MSCI Emerging Markets Index gaining 4.1% last month as currencies broadly appreciated relative to the US dollar. In … Continued

October Monthly Commentary

Volatility made a comeback in October as a wave of risk aversion washed over markets amid rising rates in the United States, growing concerns over slowing economic growth in China, and ongoing geopolitical tensions. Equities declined with international and emerging … Continued

2018 Climate Accountability Scorecard

Today, the Union of Concerned Scientists released the 2018 Climate Accountability Scorecard: Insufficient Progress from Fossil Fuel Companies, an update to the 2016 report that scored eight major fossil fuel companies on climate-related metrics. Many thanks to Tim and Pat for … Continued

September Monthly Commentary

Strong economic data and positive sentiment pushed US stocks higher with the S&P 500 Index gaining 0.6% in September, bringing quarterly returns to 7.7%. Outside the US, Japan led the way with gains of 3% last month on the back … Continued