April 1, 2024
2024 picked up right where 2023 left off, with global equity markets rallying on the back of better than expected economic and corporate earnings…
October 1, 2023
In October 1991, three weather systems converged off the coast of Nova Scotia. The severe event that resulted from this rare combination was…
July 1, 2023
During the first half of the year, equity markets shrugged off persistent recession fears, the failure of several large regional banks, a debt…
January 1, 2023
2022 was a year to forget for investors. U.S. equities had the worst year since 2008, U.S. bonds the worst year since the 1970s. Stocks and bonds…
October 1, 2022
The short-lived summer market rally faded in September, with stocks and bonds finishing with negative returns for the quarter and returning to bear…
July 1, 2022
A poor first half of the year ended with major equity indexes in bear market territory and bond prices falling at the fastest pace in decades.…
April 1, 2022
The war and humanitarian tragedy in Ukraine was the dominant event during the first quarter. However, the war was far from the only market-moving…
January 1, 2022
The bull market in stocks continued in 2021. There were significant shifts in sentiment and market leadership during the year, with some similarity…
October 1, 2021
Global equities declined slightly in the third quarter, with September losses a consequence of fears about slowing economic momentum, rising…
July 1, 2021
Equities continued to rise in the second quarter amidst optimism about economic growth and Covid-19 containment. Global equities, as represented by…
April 1, 2021
U.S. stocks continued gaining ground in the first quarter, supported by progress in vaccinating Americans and optimism about economic reopening.…
January 1, 2021
U.S. stocks reached all-time highs in 2020. The market’s rise was surprising, given nearly 20 million reported coronavirus infections and 345,000…
October 1, 2020
Global equities, as represented by the MSCI All Country World Index, rose by more than 8% in the third quarter and have gained more than 1%…
July 1, 2020
Global equities, as represented by the MSCI All Country World Index, rose by more than 19% in the second quarter, recovering a significant amount…
April 1, 2020
The year started with optimism about economic growth and hope that some of the left-behind segments of the market would stage a comeback in 2020.…
January 1, 2020
Equities reached record highs in 2019, a welcome rebound after a tumultuous end to 2018. The avoidance of the worst-case outcomes feared at the end…
October 1, 2019
Global equities declined slightly during the third quarter, with markets unable to move decisively in an environment of heightened…
July 1, 2019
Equities rose in the second quarter despite rising trade tensions with China and slowing economic growth in much of the world. President Donald…
April 1, 2019
Equities rebounded strongly to start the year, as many of the fears that dominated the headlines in December faded from view. The longest…
January 1, 2019
Sentiment turned sharply negative in the 4th quarter, setting the stage for 2018 to conclude with near double-digit losses for global equities. The…
October 1, 2018
Second quarter U.S. GDP growth of more than 4% was the second-strongest since 2014, setting the stage for a third quarter dominated by U.S.…
July 1, 2018
Markets during the second quarter were seemingly caught in a “tug of war” between optimism and pessimism, as global equities struggled to break…
April 1, 2018
The first quarter was turbulent, with the widespread exuberance of January replaced by a more uncertain outlook in February and March. Optimism…
January 1, 2018
TFC started 2017 expecting moderate worldwide economic growth, but were concerned about the potential for trade protectionism in the U.S., populist…
July 12, 2017
Equity markets continued to rise in the second quarter, boosted by positive global economic momentum and strong corporate earnings growth. The…
April 12, 2017
Equity markets extended post-election gains during Q1, helped by positive economic indicators and expectations for rising earnings growth. The…
January 13, 2017
2016 was much like a play in three acts. Act 1 started with concerns over China and falling oil prices in January, concerns that eased during…
October 13, 2016
Global equities advanced in the third quarter, led by segments of the market that were out of favor in recent years. Emerging market equities,…
July 13, 2016
Global equities rose in the second quarter and for the first half of the year, despite some abrupt shifts in momentum along the way. The UK…
April 1, 2016
Global equities ended the first quarter at nearly the same level as they started the year. The beginning and ending points, however, mask the…
January 15, 2016
Every January, investment firms, economists and commentators offer their fearless forecasts about the year to come. Large financial firms often…
January 15, 2016
Every January, investment firms, economists and commentators offer their fearless forecasts about the year to come. Large financial firms often…
October 8, 2015
Generally speaking, equity markets climb stealthily to new high ground, but fall off precipitously when investor sentiment turns negative.…
July 10, 2015
The financial media buzz of the moment focuses on why investors should lower their portfolio return expectations. For those following a globally…
April 15, 2015
Since the days of Tulipmania in the seventeenth century, investors, speculators and pundits have searched for the answers to the question of what…
