Covenant Weekly Market Synopsis as of September 25, 2015

September 28, 2015

Last week saw more pressure on risky assets: developed market indices declined between -1% and -3%, emerging markets fell more than -5% and emerging-emerging markets (aka frontier markets) were off by more than -2%. The biotech industry was particularly hard hit last week as the Nasdaq Biotech Index plunged -5.1% on Friday, capping a -13% […]

Covenant Weekly Synopsis as of September 18, 2015

September 21, 2015

Markets got what they wanted from the Fed, or at least what they had wanted from each previous Fed meeting over the last nine years….namely that the Fed refrain from raising interest rates. That happened again last Thursday, only this time the equity markets did not rally as they had in the past. Whether equities […]

Covenant Weekly Synopsis as of September 11, 2015

September 14, 2015

After a tough run in August (-6%) and the beginning of September (-3%), equity markets rebounded last week with developed and emerging market equity indices posting gains of +2% to +3%. In spite of these advances, global equity indices remain broadly negative on the month. Interest rates were relatively unchanged last week, and the yield […]

Covenant Weekly Synopsis as of September 4, 2015

September 8, 2015

September got off to a rough start for risk assets, with developed and emerging markets alike declining 1% to 2% in the first four days of trading. For the first time in a long time, most major equity markets are negative year-to-date, with only Europe and Japan clinging to small positive values. Facing little pricing […]

Covenant Weekly Market Synopsis as of August 28, 2015

August 31, 2015

Welcome to the inaugural public version of the Covenant Weekly Market Synopsis. We have used this weekly piece for about two years as a tool for keeping our financial advisors and colleagues abreast of recent market events with the occasional comedic relief. It is important to note that this weekly missive will not contain any […]