Citi Personal Wealth Management
Monthly Market Snapshot
That's a Wrap
December 2021
Global equity markets finished the year 16.8% higher with U.S. stocks leading the way with a 26.9% gain. Emerging market equities were the notable laggard – closing the year 4.6% lower.
A Not Novel November
November 2021
Global equity markets stumbled in November with the MSCI All Country World index falling by 2.5% as investors digested the potential for tighter central bank policy and a new COVID variant.
A Rocking October
October 2021
Global equity markets powered forward in October – logging their best gains since November 2020 with the MSCI All Country World index surging 5.0%. In the U.S., the S&P 500 rocketed 7.0% higher as debt ceiling fears lifted, corporate earnings beat expectations, and strong ...
An Unsurprising September Slump
September 2021
As expected, September was a rough months for stocks as investors digested early signs of monetary policy normalization, higher bond yields, and a heavy U.S. legislative agenda. On a global basis, stocks slid 4.3% in the month. In the U.S., the S&P 500 slipped 4.8%, but finished ...
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Seven Straight Months of S&P 500 Gains
August 2021
Despite investors’ concerns that a market correction may be nearing, the S&P 500 delivered its seventh straight month of consecutive gains in August. The wall of worry continues to be climbed.
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Six Straight Months of S&P 500 Gains
July 2021
Investors experienced building crosswinds in July, but continued to drive equity indices higher. One of those crosswinds was the Covid Delta variant, which causes some investors to question whether or not the ongoing recovery might start to weaken.
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Growth Rebounds in June
June 2021
Investors reversed course in June with S&P 500 Growth stocks rallying 5.6% and S&P 500 Value stocks slipping 1.3%. Interestingly, both indices hit all-time highs in June. The NASDAQ surged 5.5% as investors fled back to comfortable positions as the Federal Reserve signaled that ...
Investors Bought In May
May 2021
The old market adage of "Sell in May and Go Away," did not happen. To the contrary, global equities actually rose 1.4% in the month. In the United States, the Dow Jones rallied 1.9% as cyclical shares rose while the NASDAQ slipped 1.5% as investors trimmed positions.
April Acceleration
April 2021
U.S. economic data have been coming in very strong with the economy growing by an annualized rate of 6.4% in the first quarter of 2021 and the labor market adding 916,000 jobs in March.
Rates March Higher
March 2021
Long-duration interest rates in the U.S. continued to climb higher in March. In the United States, the Dow Jones jumped 6.6% as confidence in the economic outlook gained steam.
