Market Commentary

Market Commentary

The major benchmarks we track continue to produce positive total returns for the year-to-date of 2017.

  • The MS World Equity Index increased 16.53%.
  • The Balanced index of 60% MSCI World Equity and 40% BC US Aggregate Bond produced an increase of 11.01%.
  • The Conservative index of 40% S&P 500 and 60% BC US Aggregate Bond increased 7.48%.

Domestic and International equities generated positive total returns and continue to tangibly outperform the total returns of the fixed income markets during the first nine months of 2017.

For the next twelve months we are projecting that equities will produce lower normalized positive annual total returns and fixed income returns will be nominal or negative. We continue to favor equities over fixed income securities and our fixed income policy emphasizing short to intermediate term investment grade bonds.