March saw it all, the Good and the Bad!

March saw it all, the good and the bad.  From the all-time high in the stock market on February 19th to the low for 2020 on March 23rd, the market lost 33.9% of its value.  Never has the market declined that much in such a short time.  The market moved rapidly from a correction to a bear market in March.  This period was followed by a rally of 17.5% off the … [Read more...]

The Market and the Coronavirus

The purpose of a risk management plan for your investments is to know in advance what steps you will take, if any, when the market declines.   The market goes up and down on a regular basis, but down moves that approach 10% are concerning to investors. The market was overdue for a pullback following a strong 2019 and the Dow rising even more to cross … [Read more...]

Market Rebounds from January Sell-Off

The market began on a high note on the first trading day of the year with the Dow closing at an all-time high of 28,868 on January 2nd.  The momentum that began in October continued through the 17th of the month with a close on the Dow of 29,348.  Crossing the 29,000 mark in January for the first time ever was a noteworthy event.   By January 17th the Dow … [Read more...]

Coronavirus Puts Markets on Edge

The recent outbreak of the coronavirus in China has put global markets on edge.  On Monday, January 27th the Dow dropped over 450 points due to concerns about the spread of the virus after media reporting all weekend.  Typically, events like this one are given an abundance of attention in the financial media because it attracts viewers like nothing else.  … [Read more...]

Dow Crosses 29,000 Points in January

2019 was a solid year for the U.S. economy and for the U.S. stock market.  At the start of the year stocks were coming off a steep sell-off.  In the 4th quarter of 2018 the S&P 500 lost nearly 20% from its high earlier in the year.  As 2018 closed the Federal Reserve was on an aggressive path to tighten the money supply.  It was raising interest rates in … [Read more...]

The Dow Closes Above 28,000

On Friday, November 15th the Dow closed above 28,000 for the very first time. This is the breakout we have been waiting for. From January 2018 until late October of this year the market moved sideways and made no progress. Five times since January of 2018 the Dow approached the 27,000 mark but was unable to decisively break through until the end of … [Read more...]

Recession? Yes or No

The word Recession hit the airwaves on August 14th and a stock market sell-off ensued. The Dow dropped 800 points (-3.05%) on that day. The catalyst was the inversion of the yield curve. The yield on the 10 Year US Treasury fell below the yield on the shorter 2 Year Treasury. A typical relationship is for the longer term Treasuries to pay a higher yield than … [Read more...]

Stock Market regains May losses

In June the stock market and the bond market rallied sending conflicting signals about the economy.  It is unusual for these two markets to move in the same direction.  In May the stock market pulled back on a lack of progress with China trade talks and bond prices rose.  In June stock prices and bond prices both moved higher.  The report from the June … [Read more...]

Free Shredding Day!

Shredding Event Sponsored by Guelich Capital Management. An opportunity to destroy confidential documents on site. When: Saturday, June 22, 2019 from 9:00 a.m. to Noon Where: Guelich Capital parking lot at 1401 Franklin Road SW, Roanoke What: Loose paper. Please remove all paper clips and other materials. Who: This is a community event. Everyone is … [Read more...]

Geopolitical Uncertainties Roil the Markets

The stock market gave back a portion of its year-to-date return in the month of May.  The US economy remains strong, but other uncertainties caused some investors to leave the stock market in favor of US Treasuries in May.  Stocks declined and bonds rallied. In mid-April investors were optimistic that the US and China would reach a mutually satisfactory … [Read more...]