Portfolio Commentary – 3rd Quarter 2016

World equity markets were moderately higher in the third quarter of 2016; while fixed income markets were flat. Data out of the U.S. remained strong with job creation above 200,000 per month during the quarter, and consumer confidence rising to post-crisis highs. European markets recovered somewhat from the Brexit decline last quarter. Early views
suggest that the impact will be less than originally thought; although recently, the new UK Prime Minister has spoken of hard lines on immigration and trade…

Portfolio Commentary – 3rd Quarter 2016