ACM Commentary 1Q 2017

Download PDF MARKET SUMMARY In the first quarter of 2017 the market continued to reward investors. The bull market, now stretches into its 9-year bull run, with the S&P achieving a 6% gain in the quarter. In a reflection of an improving economy growth stocks...

ACM Commentary 3Q 2016

Download PDF MARKET SUMMARY The S&P 500 achieved a 3.9% return in the quarter, with virtually all the gains coming in the month of July, as both August and September were basically flat. On the whole, the S&P has provided investors a 7.8% return on the year....

ACM Commentary 3Q 2015

Download PDF MARKET SUMMARY As we have discussed over the past couple of quarters, overall frothiness in the markets continued to reveal itself in the 3rd quarter, with the S&P 500 pulling back -6.4%. The combination of slowing domestic and global growth, a strong...

ACM Commentary 1Q 2015

Download PDF MARKET SUMMARY Strong performance in February was able to offset losses in January and March, enabling the market to continue its march higher in the first quarter. The S&P 500 managed a 1% return in the quarter, marking its ninth consecutive positive...

ACM Commentary 4Q 2014

Download PDF The markets did very well in 2014 after an even better 2013. While we made money for our clients, we underperformed the broader equity market primarily because of our smaller company bias, large cash holdings and underperformance from some of our...