Old Quarterly Market Update

A quarterly review from Telemus CEO and CIO Jim Robinson, each Quarterly Market Update includes a reflection of the past quarter as well as implications for the next. In this document, Jim analyzes what has transpired and how this activity may affect the current and future state of the market.

2012 Fourth Quarter Market Update
January 10, 2013
The domestic stock market, as measured by the S&P 500, posted a lackluster return for the quarter, but it achieved that return in spectacular fashion. At the mid-point of the quarter, roughly 10 days after the Presidential election, the market was down 6%.

2012 Third Quarter Market Update
October 8, 2012
The stock market keeps chugging along. Despite all the notable headwinds: sovereign debt crisis in Europe, Fiscal Cliff here at home, hard economic landing in China, severe recession in Europe and a slowing domestic economy, the global equity market has managed to advance 13.4% year-to-date and the domestic market, as measured by the S&P 500, has increased 16.4%.

2012 Second Quarter Market Update
July 5, 2012
Stock market returns were looking pretty dismal coming into the final few trading days of the second quarter; but, the European Union Summit, the 19th such meeting in the past three years, provided some early 4th of July fireworks.

2012 First Quarter Market Update
April 3, 2012
The domestic stock market rally that began early in the fourth quarter of last year continued, uninterrupted, in the first quarter of 2012. The S&P 500 showed increases in 11 of the 13 weeks in the quarter; and, it is now up 30% since bottoming on October 3, 2011.

2011 Fourth Quarter Market Update
January 11, 2012
The market staged a powerful rally in the fourth quarter, its largest quarterly rally in over two years (and October’s return was the largest monthly return for the S&P 500 since December 1991). The rally ended a five-month losing streak for the market and brought a happy and welcome ending to an extremely strange and difficult year for investors.