The Market in July

With June behind us, we are now half way through 2017.  The stock market has held its gains from earlier in the year and shrugged off the domestic as well as global uncertainties that dominate the airwaves.  The S&P 500 Index of the 500 largest US stocks ended the month of June up slightly at a gain of nearly ½ of one percent. The market surged in … [Read more...]

Question: What is a Fiduciary and what does the Fiduciary Rule mean for Investors?

A Fiduciary is an investment advisor who works only for the investor and always provides advice that is in the investor’s best interest.  In the past, the conventional broker model has worked to avoid the responsibility of being a Fiduciary.  Many offering investment advice work under a rule that says the advice must only be Suitable.  That is a much weaker … [Read more...]

Investors Encouraged by 1st Quarter Earnings Reports

The Dow held its gains for the first half of May, staying within 100 points of its all-time closing high set on March 1st.  Then on May 17th it suffered the biggest one day decline since the November election.  With hindsight the drop turned out to be but a blip on the chart as the stock market recovered quickly.  By May 31st the Dow gained 1/3rd of one … [Read more...]

Stock Market Surges Ahead in February

The stock market picked up steam in February and surged upward much as it did in November following the election. There can be no question that investors are looking forward to a robust economy powered by lower taxes, fewer regulations and an aggressive rebuilding of the infrastructure of this country. The outstanding question is how will this be paid for … [Read more...]

The Year in Review

With 2016 in the rear view mirror it is time to reflect and time to look ahead to 2017.  You have heard us say many times we don’t predict.  As the great philosopher Yogi Berra once said, “It’s tough to make predictions, especially about the future.”  There is no better example of this than to look at 2016.  The year started off very badly for the markets.  … [Read more...]

Presidential Election is in Full Swing

  As July drew to a close the commerce department released the second quarter economic report with a disappointing 1.2% GDP annual growth rate, adjusted for inflation and seasonal impact.[1]  Consumer spending, which represents 2/3rd of the GDP, remained strong expanding at a rate of 4.2%, but it was offset by a reduction in business investment and a … [Read more...]

June in Review

Voters in the UK surprised the world on June 23rd and voted to exit the European Union.  Polling anticipated a “too close to call” result, but in the last days leading up to the vote sentiment seemed to favor “Remain”.  The vote to “Leave” rocked global markets and the Dow shed 900 points in two days.  Then as if to scoop up bargains, buyers rushed in and … [Read more...]

Global Markets Decline

The U. S. stock market opened to the upside this morning (Tuesday, August 25) bouncing off yesterday’s close in a way that may encourage some investors that things are not really as bad as they thought only twenty-four hours ago.  After trading in a narrow range for the last ten months, the stock market has declined 10% in the past week.  This drop is being … [Read more...]

Technical Weakness in the Market

Volatility continued in the market in July as headlines at home and around the world provided investors with plenty of uncertainty.  The Greek drama continued as Greece formally defaulted on $1.7 billion in debt at the end of June.  Stocks in China peaked in June at the highest value in seven years, and then sold off sharply in July.  The Federal Reserve … [Read more...]