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Week 14 2018 In Review

  Trade Tensions Continue to Influence Markets The major benchmarks ended lower after another week of significant volatility. Heightened trade tensions between China and the US continued to dominate sentiment during the week. Stocks sold off sharply on Monday, following China’s announcement that it would retaliate on US aluminum and steel tariffs with $3 billion… Read More ›

Week 13 2018 In Review

  US Overview Stocks recovered a portion of the previous week’s steep losses and recorded solid gains. The week was notable for a sell-off in high valuation technology companies, however, which caused the Nasdaq Composite to lag the other benchmarks. A steep drop in Amazon caused the consumer discretionary sector to join technology and energy… Read More ›

US to Shut $11bn Offshore Voluntary Disclosure Programme

Courtesy of International Adviser   The disclosure scheme that allows US taxpayers hiding offshore accounts to come clean and face more lenient penalties will close in September 2018, the Internal Revenue Service (IRS) announced this week. The IRS said it will start ramping down the offshore voluntary disclosure programme (OVDP) and end it on 28… Read More ›

Week 11 2018 In Review

  Stocks fell modestly for the week after a Friday rally broke a four-day losing streak for the Standard & Poor’s 500 Index and partially compensated for earlier losses. Small- and mid-caps outperformed larger shares. Within the S&P 500, utilities and real estate shares fared best, helped by a decline in longer-term Treasury yields, which… Read More ›

Week 8 2018 – In Review

  Most of the major indexes ended the holiday-shortened week with modest gains. The technology-heavy Nasdaq Composite Index performed best, helped by strength in semiconductor stocks early in the week. Positive results from Hewlett-Packard gave a further boost to tech shares on Friday. Utilities and materials stocks also performed well, while real estate shares lagged…. Read More ›

Week 7 2018 – In Review

  US Markets – Worst week in two years is followed by Best week since 2013 Stocks carried over the momentum they had recaptured the previous Friday and recorded their best weekly gain since early 2013. The Nasdaq Composite performed best, helped by solid gains in the stocks of Apple and networking equipment maker Cisco… Read More ›

Week 6 2018 – In Review

  Stocks Endure Worst Week in Two Years Stocks suffered their worst weekly decline in two years as investors appeared to worry about rising interest rates and elevated valuations. The major benchmarks fell largely in tandem, and all entered correction territory, declining 10% from their recent highs (the S&P 500 was still up over 13% from… Read More ›

Getting Under the Skin of Pension Transfers – The Importance of Explaining Risk

Good Morning, I thought I would share a very interesting article from one of our providers Old Mutual and David Denton, Head of International Technical Sales.     It is vitally important to explain risk to clients who are transferring their defined benefit (DB) pensions. When clients’ benefits are within the DB world, all the… Read More ›

Week 5 – 2018 In Review

  Stocks Record First Weekly loss this Year Stocks recorded their first weekly loss of 2018, with the S&P 500 Index suffering its worst weekly drop in two years. Energy stocks led the declines due to a plunge on Friday following lower-than-expected earnings results from Chevron and ExxonMobil. Health care shares were also especially weak… Read More ›

Market Wrap January 2018

  Trouble with Bonds There is growing trouble in the global bond markets. US 10 year treasury yields have spiked to as much as 2.59%. This is causing many pundits at the Davos World Economic Forum to begin warning of a future market crash and an end to the 34 year rally in bounds. The… Read More ›