Commentary

Q4 2015

Quarterly Commentary

Posted in Client Letters |

Q3 2015

The S&P 500 index posted a -6.4% total return for the third quarter of 2015, the worst three-month performance in four years. The best performing sectors in the quarter were Utilities at +4.4% and Consumer Staples at -0.9%. The Energy sector had the lowest return in the index with a -18.1% return for the quarter and is now -23.1% for the year to date. The Barclay’s Aggregate Bond Index returned … Read more

Posted in Client Letters |

Q2 2015

The S&P 500 index posted a 0.3% total return for the second quarter of 2015 with continued volatility in stock prices. The best performing sectors in the first quarter were Health Care at +2.4% and Consumer Discretionary at 1.6%. The Utilities sector had the lowest return in the index again with a -6.7% return for the quarter and is now -12.3% for the year to date. The Barclay’s Aggregate Bond … Read more

Posted in Client Letters |

Q1 2015

The S&P 500 index posted a 1.0% total return for the first quarter of 2015 with large swings in price volatility during the first three months of the year. The best performing sectors in the first quarter were Health Care at +6.2% and Consumer Discretionary at 4.4%. The Utilities sector had the lowest return in the index with a -6.0% return for the quarter. The Barclay’s Aggregate Bond Index delivered … Read more

Posted in Client Letters |

Q4 2014

The S&P 500 index posted a 4.9% total return for the fourth quarter of 2014 and 13.7% for the entire year. The best performing sectors in 2014 were Utilities at +24.3%, Health Care at +23.3% and Technology at +18.2%. The Energy sector had the lowest return in the index with a -10.0% return for the year. Fixed income delivered strong performance in 2014 with a +6.0% return for the Barclay’s … Read more

Posted in Client Letters |

Q3 2014

The S&P 500 index posted a 1.1% total return for the third quarter of 2014 and is now up 8.3% year to date through September 30. The best performing sectors in the second quarter were Health Care at +5.0% and Technology at +4.3%. The Energy sector had the lowest return in the index with a -9.1% return for the quarter. Fixed income barely moved in the third quarter with a … Read more

Posted in Client Letters |