Thought leadership publications from HighMark
HighMark's Views and Publications
HighMark's views on investing and global markets are summarized in our research papers and quarterly Economic and Market Perspectives reports, which also include the portfolio recommendations of our Asset Allocation Committee.
ECONOMIC AND MARKET PERSPECTIVES
Q3 2015 Economic and Market Perspectives
Second quarter domestic and international economic data points appeared far more positive on balance relative to numbers released in the first quarter. Still, asset class returns were muted as investors worried about the impact of rising interest rates on bond prices, and the potential ramifications from failed bailout talks between Greece and its creditors. Price trends in oil and the dollar reversed during the quarter, relieving pressure in areas of the market that had been hurt by the dramatic price action that occurred over the preceding three quarters. After dipping below $45 per barrel in the first quarter (from a high of $107 last July), oil (West Texas Intermediate) rebounded early in the second quarter and traded at approximately $60. The U.S. dollar’s break from a long-running streak of appreciation, meanwhile, was welcomed by domestic exporters. Over the same period as oil’s decline, the greenback had appreciated 25% against a trade-weighted basket of currencies. READ MORE
Q2 2015 Economic and Market Perspectives
Investors in the U.S. digested a variety of economic indicators over first quarter 2015: some good and some disappointing. While U.S. economic growth moderated somewhat from previous levels, domestic equity and fixed income markets continued to build on 2014’s strong performance as the U.S. economy remains robust in comparison with the rest of the world. The U.S. dollar continued to strengthen versus foreign currencies to the disappointment of domestic multi-national firms reliant on foreign earnings and oil prices fell a further 13% during the quarter to $47.60, its lowest level in six years and down more than 50% since June of 2014. READ MORE