Author: OneAscent

Weekly Investment Update September 20, 2021

Global equity markets declined for the second week in a row, as the S&P 500 (a proxy for large-cap US stocks) lost 0.5% and the MSCI ACWI (a proxy for global stocks) dropped 1.0%. Emerging markets stocks continued to lag developed market peers (the MSCI Emerging Markets index was down 2.2 percent for the week), as concern over the delta variant and increased government regulation in China persists.

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Weekly Investment Update August 30, 2021

Global equity markets advanced last week as Jerome Powell, Federal Reserve Chair, indicated that the Fed may begin tapering its monthly bond purchases in 2021 but that investors should not expect interest rate hikes in the near-term. His comments came after the annual Jackson Hole symposium and investors seemed pleased by the message, as the S&P 500 (a proxy for large-cap US stocks) gained 0.9% on Friday.

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