ACM Commentary 1Q 2018

ACM Commentary 1Q 2018 Download PDF SUMMARY In our past writings have we discussed the critical benefit of a long-term investment time horizon for investors. We pointed out that though stock market volatility can be considerable in any given year, it is smoothed out...

ACM Commentary 1Q 2017

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...

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...