2011 Commentary

December 31, 2011 - Fourth Quarter 2011 Financial Market Review - Video and Podcast

Capital markets suffered their worst results since 2008 in the third quarter, and market volatility returned to levels not seen in almost three years. While we ...

December 31, 2011 - Fourth Quarter 2011 Equity Market Review

During the fourth quarter of 2011, familiar macro themes, such as the sovereign debt crisis in Europe and moderating growth expectations in China, continued to ...

December 31, 2011 - Fourth Quarter 2011 Financial Market Review

Surprisingly good economic data in the fourth quarter rescued the U.S. stock market from what was otherwise shaping up to be a very disappointing year for inves...

December 31, 2011 - Fourth Quarter 2011 Fixed Income Market Review

As the calendar turns, we look back at a year that was turbulent and impacted by numerous macro-economic and political events that pushed and pulled at the capi...

October 19, 2011 - Third Quarter 2011 Financial Market Review - Video and Podcast

Capital markets suffered their worst results since 2008 in the third quarter, and market volatility returned to levels not seen in almost three years. While we ...

September 30, 2011 - Third Quarter 2011 Equity Market Review

During the third quarter of 2011, global equity markets experienced significant declines as familiar macro themes, such as the sovereign debt crisis in Europe, ...

September 30, 2011 - Third Quarter 2011 Financial Market Review

Capital markets suffered their worst results since 2008 in the third quarter, and market volatility returned to levels not seen in almost three years. While w...

September 30, 2011 - Third 2011 Fixed Income Market Review

Fear and greed are the emotions often used to describe the behavior of investors and the capital markets. The third quarter was driven by investors’ fear over a...

August 9, 2011 - Q & A: What is the impact of a downgrade in the credit rating of US Treasury securities?

A loss of economic momentum during the second quarter caused global equity markets to take a breather from the torrid pace of the past year. The S&P 500 Index ...

August 8, 2011 - What is the impact of a downgrade in the credit rating of US Treasury securities?

What is the impact of a downgrade in the credit rating of US Treasury securities? After the market close on August 5th, Standard & Poor’s (S&P), a major cred...

July 29, 2011 - What is the significance of the U.S. raising the Federal Debt Limit (“the Debt Ceiling”)?

What is the significance of the U.S. raising the Federal Debt Limit (“the Debt Ceiling”)? The problem is that this is more of a political issue than an econ...

June 30, 2011 - Second Quarter 2011 Equity Market Review

During the second quarter of 2011, the social unrest in the Middle East, the devastating earthquake and tsunami in Japan, and renewed sovereign debt concerns in...

June 30, 2011 - Second Quarter 2011 Financial Market Review

A loss of economic momentum during the second quarter caused global equity markets to take a breather from the torrid pace of the past year. The S&P 500® Index...

June 30, 2011 - Second Quarter 2011 Financial Market Review - Video and Podcast

A loss of economic momentum during the second quarter caused global equity markets to take a breather from the torrid pace of the past year. The S&P 500 Index ...

June 30, 2011 - Second Quarter 2011 Fixed Income Market Review

Over the short-term, markets can and are often influenced by swings in emotion, especially during times of uncertainty and lack of clarity, and in the second qu...

June 1, 2011 - Global Strategic Insight

What is the significance of the U.S. raising the Federal Debt Limit (“the Debt Ceiling”)? The problem is that this is more of a political issue than an econ...

March 31, 2011 - First Quarter 2011 Equity Market Review

U.S. equities experienced the best first quarter return in over a decade, as the S&P 500® Index registered a first quarter return of 5.92%, bringing the one-yea...

March 31, 2011 - First Quarter 2011 Financial Market Review - Video and Podcast

A strong rally late in the quarter launched the global capital markets to a fast start in 2011. The first quarter was a reminder of the unpredictable nature of...

March 31, 2011 - First Quarter 2011 Financial Market Review

A strong rally late in the quarter launched the global capital markets to a fast start in 2011. The first quarter was a reminder of the unpredictable nature of...

March 31, 2011 - First Quarter 2011 Fixed Income Market Review

As a continuation from last year, 2011 began with investors focusing on the momentum of global economic growth that was taking place on the heels of massive acc...

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