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Prices are so high that some buyers are backing off, but demand remains strong and will outstrip housing supply for the foreseeable future.

Global equity prices were widely mixed in August. Large cap growth stocks continued their year long uptrend but other asset classes, especially small cap and value issues, clearly lagged.

July equity performance was narrowly mixed. There were several steep declines leading to equally steep recoveries, but overall, investors saw little net change in values.

June was abnormally quiet for equities across the globe despite a few sharp rallies and declines. Most markets were narrowly changed in the month.

May was a modest extension of the positive pattern that has been in place most of this year. Domestic Value indexes still lead all YTD performers.

An unexpectedly weak employment report and a jump in inflation at the consumer level were sufficient to derail, at least temporarily, the “recovery bull market” that has persisted since last April.

April was a great month for investors, one of many over the past year.

Though all economists expect inflation numbers to rise in the near term, there are different views on the potential long-term effects