News

Commentaries, white papers, and news items are listed here as they become available. To view and sort by date or category, please visit the Wilshire Advisor Solutions Knowledge Center. For media inquiries pertaining to Wilshire Associates, please contact our corporate headquarters at 1-310-451-3051.

Wednesday, June 7, 2017

» May 2017 Monthly Market Commentary
Market Commentary, Commentary

U.S. Economy and Markets

  • Domestic equity markets were positive in May, as the Wilshire 5000 Total Market IndexSM returned 1.00% and the S&P 500 Index returned 1.41%.
  • Market volatility, measured by the CBOE Volatility Index (VIX), ended the month at 10.41, a decrease from its April close of 10.82.
  • GICS sector performance was mixed in May, with the Information Technology and Utilities sectors leading the group, returning 4.31% and 3.97%, respectively. On the other hand, the Energy sector was the worst performing sector in May, falling -3.67%.
  • Growth stocks delivered stronger performance than their value-oriented counterparts this month, as the Wilshire U.S. Large Cap Growth IndexSM and the Wilshire U.S. Small Cap Growth IndexSM posted returns of 1.95% and -1.37%, respectively. The Wilshire U.S. Large Cap Value IndexSM and the Wilshire U.S. Small Cap Value IndexSM returned 0.73% and -2.94%, respectively.
  • Total nonfarm payroll unemployment increased by 138,000 in May. The unemployment rate was little changed at 4.3%.

Wednesday, May 10, 2017

» April 2017 Monthly Market Commentary
Market Commentary, Commentary

U.S. Economy and Markets

  • Domestic equity markets were positive in April, as the Wilshire 5000 Total Market IndexSM returned 1.05% and the S&P 500 Index returned 1.03%.
  • Market volatility, measured by the CBOE Volatility Index (VIX), ended the month at 10.82, a decrease from its March close of 12.37.
  • Performance across GICS sectors was mixed for the month, with the Consumer Discretionary and Information Technology sectors leading the group, returning 2.59% and 2.48%, respectively. On the other hand, the Energy sector was the worst performing sector in April, falling -3.36%.
  • Large cap stocks outperformed their small cap counterparts this month, with the Wilshire U.S. Large Cap IndexSM and the Wilshire U.S. Small Cap IndexSM returning 1.06% and 0.98%, respectively.
  • U.S. manufacturing activity, as measured by the Institute for Supply Management’s PMI, registered 54.8% in April, down from the March reading of 57.2%. Generally, a reading above 50% indicates expansion.

Wednesday, May 3, 2017

» Investment Strategy Update, May 2017
Market Commentary, Commentary

Investment Strategy—Positioning for Relative Opportunities

Global equity markets continued to climb higher early in the first quarter of 2017, on momentum and positive sentiment in response to the surprise election of Donald Trump. The market had been pricing in optimism regarding the new administration’s ability to execute on its policy agenda of lighter regulation and looser fiscal policy. However, markets were met with resistance mid-quarter on the heels of a failed health care vote and the realization that future policy actions may be less certain. We expressed our concern in our last letter that there remains significant uncertainty regarding actual policy implementation, noting that our analysis continues to focus on the fundamentals of the macroeconomic landscape, while considering how such fundamentals may change in response to policy actions.

Friday, April 14, 2017

» First Quarter 2017 Market Commentary
Market Commentary, Commentary

The U.S. Equity Market: The U.S. stock market, represented by the Wilshire 5000 Total Market IndexSM, was up 5.61% for the first quarter of 2017. The market has been trending generally upward for more than a year now, including six straight quarterly gains. Economic releases during the quarter were strong and markets took comfort in both the Federal Reserve’s 0.25% increase in the overnight rate and its accompanying statement. Despite accelerating price increases, the Fed’s forecast for the Fed Funds rate at year-end 2017 was little changed from their December meeting.

Wednesday, March 8, 2017

» February 2017 Monthly Market Commentary
Market Commentary, Commentary

Domestic equity markets set multiple record highs in February, as the Wilshire 5000 Total Market IndexSM returned 3.72% and the S&P 500 Index returned 3.97%. Market volatility, measured by the CBOE Volatility Index (VIX), ended the month at 12.92, an increase from its January close of 11.99.

Friday, February 10, 2017

» Investment Strategy Update, February 2017
Market Commentary, Commentary

Investment Strategy—Proceeding With Caution

U.S. equity markets rallied in the fourth quarter of 2016, on the heels of the surprise election of Donald Trump. Some aspects of the new administration’s policy agenda may foster higher economic and earnings growth (regulation and fiscal policy), while other aspects may prove to be prohibitive of growth (immigration and trade). Markets moved quickly to price-in the positive features of President Trump’s expected policy actions, with less attention to the potentially negative consequences. Recognizing that there remains significant uncertainty regarding actual policy implementation, our analysis continues to focus on the fundamentals of the macroeconomic landscape, while considering how such fundamentals may change in response to policy actions.

Thursday, February 9, 2017

» January 2017 Monthly Market Commentary
Market Commentary, Commentary

Domestic equity markets were positive in January, as the Wilshire 5000 Total Market IndexSM returned 1.78% and the S&P 500 Index returned 1.90%. Market volatility, measured by the CBOE Volatility Index (VIX), ended the month at 11.99, a decrease from its December close of 14.04.

Monday, February 6, 2017

» Market Insights: Performance in Perspective—Headwinds for Multi-Asset Investors in 2016
Market Commentary, White Papers

With U.S. equities soaring to new highs and outpacing virtually every other asset class in 2016, many investors will find themselves looking at the statements of their investment accounts and asking, “Where is my fair share?” As practitioners in the investment advisory community, we all know and understand the long-term benefits of diversification, and we recognize the challenges in chasing performance. Recognizing that well-known and highly followed media outlets simply focus on the stock market and do not provide enough perspective into the performance of the global investment landscape, we would like to take the opportunity to provide our clients with a broad overview of the most important themes that impacted the performance of multi-asset portfolios in 2016.

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