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2016 Commentary

January 10, 2017
By David S. Spika, CFA, President, GuideStone Capital Management, LLC

Fourth Quarter 2016 Financial Market Review

The surprise election of Donald Trump as the 45th President of the United States had a dramatic impact on the financial markets during the 4th quarter. Despite...
October 17, 2016
By Robert J. Benson, CFA, Senior Portfolio Manager

Third Quarter 2016 Fixed Income Market Review

For fixed income investors, the spotlight remained on the central banks during the third quarter as financial markets globally were calm compared to the previou...
October 17, 2016
By David S. Spika, CFA, President, GuideStone Capital Management, LLC

Third Quarter 2016 Financial Market Review

As the third quarter began, investors were concerned about the expected fallout from the Brexit vote, the potential for a near-term Fed rate hike, the volatilit...
October 17, 2016
By Jay H. Edmondson, Manager of Investment Research

Third Quarter 2016 Equity Market Review

During the third quarter of 2016, Global equity markets continued to advance during a period where investors were concerned about the expected fallout from the ...
September 8, 2016
By David S. Spika, CFA, President, GuideStone Capital Management, LLC

The stock market has hit an all-time high: What does this mean? What should you do?

This has been a very unusual year in the capital markets — all three major U.S. stock market indices have reached all-time highs, high yield bonds have posted i...
July 22, 2016
By Robert J. Benson, CFA, Senior Portfolio Manager

Second Quarter 2016 Fixed Income Market Review

The fixed income market continued its winning streak through the second quarter as the asset class generated solid returns and was the beneficiary of money whic...
July 22, 2016
By Jay H. Edmondson, Manager of Investment Research

Second Quarter 2016 Equity Market Review

During the second quarter of 2016, global equity markets registered mixed results as slow economic growth and heightened levels of geopolitical uncertainty cont...
July 22, 2016
By David S. Spika, CFA, President, GuideStone Capital Management, LLC

Second Quarter 2016 Financial Market Review

Compared to the first quarter of the year, the second quarter was positively tranquil. Financial market volatility was much more subdued, while investor sentime...
June 24, 2016
By David S. Spika, CFA, President, GuideStone Capital Management, LLC

Britain Voted to Leave the EU – What’s Next?

Much to the global financial markets' surprise, voters in the United Kingdom (UK) have elected to leave the European Union (EU) economic block. There are many r...
April 18, 2016
By David S. Spika, CFA, President, GuideStone Capital Management, LLC

First Quarter 2016 Financial Market Review

If you like volatility, then you must have loved the first quarter of 2016. After falling some 11 percent and producing loud chatter of a coming economic recess...
April 18, 2016
By Jay H. Edmondson, Manager of Investment Research

First Quarter 2016 Equity Market Review

In the United States, markets continued to experience volatility as stocks suffered declines in January, were relatively flat in February and then rallied nicel...
April 18, 2016
By Robert J. Benson, CFA, Senior Portfolio Manager

First Quarter 2016 Fixed Income Market Review

Higher levels of volatility led the fixed income market on a roller coaster ride through the first quarter. Although all major market sectors posted positive re...
January 7, 2016
By David S. Spika, CFA, President, GuideStone Capital Management, LLC

Market Update

Stocks have opened the year in the red. In fact, the first three trading days have produced the sixth-worst performance for that period of time since 1929. Howe...