Market Commentary

Market Commentary

The major benchmarks we track produced positive total returns for the first quarter 2019.

  • The MS World Equity Index increased 12.65%.
  • The Balanced Index of 60% MSCI World Equity and 40% BC US Aggregate Bond increased 8.73%.
  • The Conservative Index of 40% S&P 500 and 60% BC US Aggregate Bond increased 7.17%.

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 continue to favor short and intermediate term investment grade bonds over long-term bonds.