July 2013

Our friends at Dimensional Fund Advisors graciously provide us with a robust and detailed review of the world capital market performance. Attached is their Quarterly Market Review. The report includes: a global overview, timeline of events, and the returns of asset classes in both US and international markets. Also included are returns for globally diversified index portfolios […]

The coining of a new phrase – “taper tantrum” – spiced up a volatile second quarter. Reacting swiftly to Federal Reserve Chairman Ben Bernanke’s late June announcement that there was some evidence of improvement in the economy and a possible change in the Fed’s accommodative monetary policy, skittish investors precipitously sold both stocks (from May’s