GKV Capital Management is a fee-only registered advisory firm in operation since 1975. We manage separate accounts for families, charities and companies. As an independent portfolio management firm making direct investments on our clients’ behalf, GKV Capital has the flexibility and expertise to respond to the changing investment environment to reduce risk and grow wealth.
Stock Market Commentary for the Second Quarter 2015
Equity market volatility was driven largely by headline news particularly at the end of the quarter. As the quarter drew to a close it appeared likely that Greece would default on its debts and be forced to exit the Euro. While Greece itself is too small to be material to the global economy, investors were concerned for the possible domino effect that a Greek failure might perpetuate. Investor consternation accelerated with the dramatic selloff on the Shanghai exchange in China, and what implications increasing weakness in China would have on the global economy. The equity markets finished the second quarter mixed with a loss for the Dow Industrial Average of 1.1%, a marginal gain of 0.2% for the S&P 500, and a positive 5.3% gain for the Nasdaq Composite.
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