ACM Commentary 3Q 2016

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...

ACM Commentary 3Q 2015

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...

ACM Commentary 1Q 2015

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...

ACM Commentary 4Q 2014

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...

ACM Commentary 3Q 2014

ACM Commentary 3Q 2014 Download PDF MARKET SUMMARY The S&P 500 churned slightly higher in the 3rd quarter (+1.1%), resulting in year to date performance of +8.3% through September 30th. Our equity accounts were down -1.2% in the 3Q, and are up roughly 1.6%, net of...