Monthly Flash Reports

April 2013 Flash Report •  Econ: A Stimulating April
•  Global Equities: Monetary Support and Few Alternatives
•  Fixed Income: False Start
•  Alternatives
•  Liquid Real Assets: Precious Metals Sell-Off
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March 2013 Flash Report •  Econ: Mixed March to End Quarter
•  Global Equities: Diverging Markets—Developed vs. EM
•  Fixed Income: Prepared for Lift Off?
•  Alternatives: Hedge Funds Fail to Keep Pace with Equity Rally
•  Liquid Real Assets: A Record Quarter for MLPs
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February 2013 Flash Report •  Econ: Data Recovers Somewhat in February
•  Global Equities: Uncertainty Abounds as Policy and Politics Weigh on Markets
•  Fixed Income: Nonplussed
•  Alternatives: Tailwinds Remain Favorable
•  Liquid Real Assets: Commodity Weakness Resurfaces
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January 2013 Flash Report •  Econ: Data Mixed in January
•  Global Equities: Investor Confidence Pushes Markets Higher
•  Fixed Income: Hanging In
•  Alternatives: A Positive Start
•  Liquid Real Assets: MLPs Rally
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December 2012 Flash Report •  Econ: Housing Data Robust In Q4
•  Global Equities: Rally Regains Strength Outside the US
•  Fixed Income: A Banner Year for Spread
•  Alternatives: A Reasonably Good Finish to an Otherwise Average Year
•  Liquid Real Assets: REITs Extend Lead
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October 2012 Flash Report •  Econ: US Data Improves In October
•  Global Equities: Correlations Fall as Earnings Season Kicks Off
•  Fixed Income: Holding Up Well
•  Alternatives: October Reversals Favorable for Some, Less So for Others
•  Liquid Real Assets: QE also Damaged by Sandy
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Third Quarter 2012 Flash Report •  Econ: Date Remains Weak, but Pace of Disappointment Slows
•  Global Equities: Markets Rise In Liquidity Fueled Rally
•  Fixed Income: Super Mario World
•  Alternatives: A September to Remember
•  Liquid Real Assets: Qe-Ed Up
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August 2012 Flash Report •  Econ: Pace of Disappointment Slows
•  Global Equities: Markets Climb Higher In Quiet Month
•  Fixed Income: Looking on the Bright Side
•  Alternatives: Quiet Summer Months Fade Away
•  Liquid Real Assets: Risk-On Vacation
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July 2012 Flash Report •  Econ: The Economy Shows Tentative Signs of Turning the Recent Corner
•  Global Equities: Up and Down Market Continues
•  Fixed Income: In Limbo
•  Alternatives: Favorable Backdrop Aids Hedge Fund Performance
•  Liquid Real Assets: Sell in May and Go Away Not Working Thus Far
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June 2012 Flash Report •  Econ: Labor Market Deteriorates in Second Quarter
•  Global Equities: Roller Coaster Quarter
•  Fixed Income: The Case of the Missing Yield
•  Alternatives: Lackluster Returns in Q2
•  Liquid Real Assets: Risk Off
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May 2012 Flash Report •  Econ: Slowdown Pressures Remain in the Forefront
•  Global Equities: Dollar Rally Weighs on International Returns
•  Fixed Income: Plumbing the Depths
•  Alternatives: Finally Adding Some Value
•  Liquid Real Assets: Oil Splashdown
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April 2012 Flash Report •  Econ: Disappointing April
•  Global Equities: Markets Pause as Euro Concerns Resurface
•  Fixed Income: Time for a Breather
•  Alternatives: Ho Hum Month for Alternative Strategies
•  Liquid Real Assets: Safety Back Envogue for a Month
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March 2012 Flash Report •  Econ: Stability and Improvement in 2012
•  Global Equities: Strongest First Quarter in 14 Years
•  Fixed Income: All Hail the Fed
•  Alternatives: Risk Seeking Appetite Sends Hedge Funds In Search of Opportunity
•  Liquid Real Assets: REITs Catch a Bid While Others Lag
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February 2012 Flash Report •  Econ: Surprising Start to 2012
•  Global Equities: Rally Continues
•  Fixed Income: Risk On Continues
•  Alternatives: Alt Strategies Follow the Market to Higher Ground
•  Liquid Real Assets: Metals Trounced by Leap Year
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January 2012 Flash Report •  Econ: Surprising Start to 2012
•  Global Equities: LTRO Helps Sparks a Rally
•  Fixed Income: More Yield, Please!
•  Alternatives: A Collective Sigh of Relief Emerges From the Hedge Fund Community
•  Liquid Real Assets: REITs Lead
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December 2011 Flash Report •  Econ: US Finishes 2011 on Firmer Footing
•  Global Equities: Lackluster Holiday Months Can't Erode October Rally
•  Fixed Income: 2011—No Bubbles Bursting or Mass Muni Defaults
•  Alternatives: In Volatile Year, Hedge Funds Earn Criticism Instead of Fees
•  Liquid Real Assets: Magnitude Over Direction
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November 2011 Flash Report •  Econ: Conditions Improve
•  Global Equities: Stocks Rally on European Progress
•  Fixed Income: Credit Risk Works for Now
•  Alternatives: Event Driven Managers Lead as Markets Rebound
•  Liquid Real Assets: Risk Back On
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October 2011 Flash Report •  Econ: US Improvement Continues
•  Global Equities: Thankful For a Month End Rally
•  Fixed Income: Risk Off This Month
•  Alternatives: Hedgies Can't Catch a Break, but Algos Stay Positive
•  Liquid Real Assets: Lower Rates, Now What?
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September 2011 Flash Report •  Econ: Recession Looms as US Economy Stagnates
•  Global Equities: US Dollar Rally Skews Global Stock Returns
•  Fixed Income: The fed puts on a twist as risky assets shout
•  Alternatives: It's all macro to me
•  Liquid Real Assets: Dr. Copper sick; volatile gold rise; yield divergence widens
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July 2011 Flash Report •  Economics: Negative Data Undermines Confidence in Recovery
•  Domestic Equities: Tick Tock Goes the Debt Ceiling Clock
•  International Equities: Risk Aversion Dominates Market Performance
•  Fixed Income: Another Example of Polished Political Discourse
•  Alternatives: Hedge Funds Go on Summer Vacation
•  Liquid Real Assets: Beyond the Ceiling
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June 2011 Flash Report •  Domestic Equities: The Sky Is Falling, Yet Stocks On Pace for Double Digit Year
•  International Equities: Currency Continues to Dominate Returns
•  Fixed Income: Certainly Some Uncertainty
•  Alternatives: It Could Be Worse
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May 2011 Flash Report •  Domestic Equities: Cyclicals Take A Breather
•  International Equities: Dollar Strengthens
•  Fixed Income: More Unease And Uncertainty
•  Alternatives: Hedge Funds Reverse Course
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April 2011 Flash Report •  Domestic Equities: A Tale of Two Halves
•  International Equities: Currency Drives International Returns
•  Fixed Income: Unease and Uncertainty
•  Alternatives: Hedge Funds Fare Well in an Otherwise Benign Month
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March 2011 Flash Report •  Domestic Equities: Too Fast Too Soon?
•  International Equities: Q1 Returns on Currency Strength
•  Fixed Income: In Search of "Safe Spread"
•  Alternatives: Hedge Fund Returns Diverge
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February 2011 Flash Report •  Domestic Equities: Slick Oil
•  International Equities: Energy Stocks Drive Global Returns
•  Fixed Income: Risk Leads The Way
•  Alternatives: Hedge Funds in the Black Across the Board
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January 2011 Flash Report •  Domestic Equities: S&P Pushes 1,300 Despite Global Instability
•  International Equities: Valuations Relevant Again In January
•  Fixed Income: The Grab For Yield and Headlines
•  Alternatives: Hedge Funds Start Year with Cautiously Optimistic Outlook
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