2018 Quarter 2 Review: Macro Series

2018 Quarter 2 Review: Macro Series

2018 Quarter 2 Review: Macro Series Commentary Despite continued day-to-day volatility, US stocks posted positive returns in the second quarter, buoyed by a stronger US dollar and a rosy outlook for US economic growth. The S&P 500 and other broad US indices advanced for the three-month period, extending the current multi-year bull market. Concerns revolving […]

2018 Quarter 1 Review: Macro Series

2018 Quarter 1 Review: Macro Series

2018 Quarter 1 Review: Macro Series Commentary Depending on what news headline caught your attention—fear of inflation, rising bond yields, rich valuations, the potential for US Federal Reserve (Fed) policy mistakes, presidential cabinet turnover and protectionist trade policies in the United States, together with doubts surrounding the ability of technology companies to lead major indexes […]

2017 Quarter 4 Review: Macro Series

2017 Quarter 4 Review: Macro Series

2017 Quarter 4 Review: Macro Series Description The NewSquare Macro Series is a suite of ETF based portfolios that takes a traditional approach to portfolio management and is designed to adapt to changing macro economic environments, market conditions, and trends. Built as an adaptive suite of risk management solutions, these portfolios have a primary objective […]

2017 Quarter 3 Review: Macro Series

2017 Quarter 3 Review: Macro Series

2017 Quarter 3 Review: Macro Series Description The NewSquare Macro Series is a suite of ETF based portfolios that takes a traditional approach to portfolio management and is designed to adapt to changing macro economic environments, market conditions, and trends. Built as an adaptive suite of risk management solutions, these portfolios have a primary objective […]

2017 Quarter 2 Review: Macro Series

2017 Quarter 2 Review: Macro Series

2017 Quarter 2 Review: Macro Series Description The NewSquare Macro Series is a suite of ETF based portfolios that takes a traditional approach to portfolio management and is designed to adapt to changing macro economic environments, market condi-tions, and trends. Built as an adaptive suite of risk management solu-tions, these portfolios have a primary objective […]

2017 Quarter 1 Review: Macro Series

2017 Quarter 1 Review: Macro Series

2017 Quarter 1 Review: Macro Series First Quarter Summary and Commentary The first quarter began with a continuation of the “Trump Trade” as stock prices rose to all-time highs on investor hopes for tax reform, infrastructure spending, and deregulation. The S&P 500 Index had its biggest quarterly gain since the end of 2015. However, stocks […]

2016 Quarter 4 Review: Macro Series

2016 Quarter 4 Review: Macro Series

2016 Quarter 4 Review: Macro Series Fourth Quarter Summary and Commentary U.S. stocks set multiple all-time highs in price during the quarter as investors poured money into companies that benefit from stronger economic growth and fiscal stimulus following President-elect Trump’s victory on November 8th. Stocks have shrugged off Brexit (British exit from the European Union) […]

Trade Update & Pre-Election Commentary

Trade Update & Pre-Election Commentary

Trade Update Earlier this week we reduced exposure to High Yield bonds by selling part or all of our positions in JNK (SPDR® Bloomberg Barclays High Yield Bond ETF)and CJNK (SPDR® BofA Merrill Lynch Crossover Corporate Bond ETF). Proceeds from these sales were invested in cash (money market sweep fund).High Yield bonds have been one […]

2016 Quarter 3 Review: MACRO Series

2016 Quarter 3 Review: MACRO Series

2016 Quarter 3 Review: MACRO Series The risk-on trade continued during the third quarter helping to push the S&P 500, Dow, and NASDAQ indices to record highs lifting investor optimism that the seven-year bull market could continue despite uncertainty regarding future Federal Reserve interest rate hikes, weak global growth, Brexit (the British exit from the […]

2016 Quarter 2 Review: MACRO Series

2016 Quarter 2 Review: MACRO Series

2016 Quarter 2 Review: MACRO Series The rebound in stock prices that began near the end of the first quarter continued for much of the second quarter until the June 23rd Brexit (the British exit from the European Union) vote.    In the two trading days following the vote, stocks sold off swiftly, but then rallied back to close the […]

2016 Quarter 1 Review: MACRO Series

2016 Quarter 1 Review: MACRO Series

2016 Quarter 1 Review: MACRO Series The stock and bond markets are showing very different expectations about the future. U.S. stocks, down sharply during the first six weeks of 2016, have displayed confidence by staging a euphoric comeback to near all-time highs. Meanwhile, the bond market rallied during the quarter, indicating that worries remain about the […]

2015 Year in Review: MACRO Series

2015 Year in Review: MACRO Series

2015 Year in Review: MACRO Series Managing market risk is a hallmark principle in the way we manage the Macro strategies, and for several years we have viewed stock market risk as elevated. It can take a long time to recover from steep losses. We prefer to take a patient, disciplined approach and refrain from […]