ACM Commentary 3Q 2017

ACM Commentary 3Q 2017 Download PDF The S&P 500 was up 4.5% in the 3rd quarter, its 8th quarter in a row of gains. The index was up 14% through the third quarter, and has not posted a negative annual return since 2008. In that time, it has now provided a...

ACM Commentary 2Q 2017

ACM Commentary 2Q 2017 Download PDF The first six months of this year have led to repeated new highs for the US stock market and in many other parts of the world. The S&P500 is up roughly 9.3% through the end of June, primarily led by a few well-known names with...

ACM Commentary 4Q 2016

ACM Commentary 4Q 2016 Download PDF The election of Donald Trump as the next US President led to a furious market rally in the 4th quarter. The S&P500 was up almost 6% in the last 2 months of the year, roughly half of the full year’s gain of 12%. Most of the gains...

ACM Commentary 2Q 2016

ACM Commentary 2Q 2016 Download PDF A lot has happened since our last update, however, the US equity market is stuck in the doldrums, as we expected. Given the upcoming election season, we will cover some of the fundamental economic issues facing the next President...

ACM Commentary 4Q 2015

ACM Commentary 4Q 2015 Download PDF As we expected, equity markets did poorly in 2015. The S&P 500 was down on a price basis and was up a bit over 1% when including dividends. Our equity accounts performed a touch better, up over 2% for the year, net of fees....