Market Commentary

Market Commentary

The major benchmarks we track produced negative total returns for 2018.

  • The MS World Equity Index decreased 8.20%.
  • The Balanced Index of 60% MSCI World Equity and 40% BC US Aggregate Bond decreased 4.76%.
  • The Conservative Index of 40% S&P 500 and 60% BC US Aggregate Bond decreased 1.47%.

For the next twelve months, we are projecting that domestic equities, international equities and fixed income will produce normalized to nominal positive annual total returns. Based on this forecast, we are emphasizing domestic and international equities over fixed income securities. We will continue to favor short and intermediate term investment grade bonds over long-term bonds.