Is there a nicer way to say – expect more turbulence? While our overall upbeat view remains intact, there is almost no doubt we’ll see continued volatility in the stock and bond markets in the coming year. Yes, at this point, we anticipate a generally upward sloping trajectory. Yet we also expect it will be a jagged one.
Leading economic indicators continue to flash green. The substance and the nuance of our view is so easily obscured when we compress our views to a few sentences. For this reason - and many more - we are always available to talk over our views with our clients and in inordinate detail.
Weekly Update through November 30, 2018 The S&P 500 added 4.19%, even as the Dow Jones gained 4.32%, the Russell 2000 increased 3.04%, and the Nasdaq jumped 5.66%.
As for US bonds, they added 13bps.
Globally, the MSCI World Index was gained 3.40% and the Barclays Global Aggregate Bond Index lost -2bps.
The Euro Stoxx 50 added 1.18% in local-currency (Euro) and 1.00% in USD. Meanwhile, the Topix added 2.16% in local-currency (Yen) and 2.06% in USD.
Month-end Update through end-November 2018 In November, the S&P 500 added 2.04%, the Dow Jones gained 2.11%, the Russell 2000 increased 1.58% and the
Nasdaq added 50bps.
As for US bonds, they added 60bps.
Globally, the MSCI World Index added 1.19% % and the Barclays Global Aggregate Bond Index increased 31bps.
In November, the Euro Stoxx 50 declined -69nps in local-currency (Euro) and -61bps in USD. Meanwhile, the Topix gained 1.30% in local-currency (Yen) and 77bps in USD.
