1/9/2018 Weekly Market Commentary

  Whoosh! Bang! Flash! Fizz! Whistle! U.S. stock markets delivered their own version of fireworks to celebrate the New Year. During the first week of 2018, the Dow Jones Industrial Average hit a new all-time high, moving above 25,000 for the first time ever. The NASDAQ Composite and Standard & Poor’s 500 Indices also rose to new highs.1 2018 is off to an impressive start, but let’s pause for a moment and take a look […]

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11/20/2017 Weekly Market Commentary

  Are investors more like tigers or African wild dogs? It appears investors – retail and institutional – have become rather like predators. They patiently stalk shares, waiting for a dip, and then they strike – buying stocks when prices fall. Consider last week. Barron’s described it like this: “The Dow traded down nearly 80 points on Monday, 170 points on Tuesday, and 170 points on Wednesday, but each time the blue-chip benchmark finished off […]

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9/11/2017 Weekly Market Commentary

  Last week, the aftermath of Hurricane Harvey and potency of Hurricane Irma dominated hearts and minds, but there were some diversions and some welcome news, too. The NFL kicked off its 2017 season with the Chiefs’ win over the Patriots.1 The men’s U.S. soccer team tied Honduras to stay in the running for a World Cup spot.2 And, Sloane Stephens made the jump from 957th best on the women’s tennis tour to U.S. Open […]

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8/29/2017 Weekly Market Commentary

  Hope floats. Optimism about possible pro-growth economic policies, including tax reform and deregulation, helped U.S. stock indices finish higher last week, reported Barron’s.1 It wasn’t all smooth sailing, though. Stocks bobbed up and down as investors’ optimism was weighted by concerns about a possible debt-ceiling battle and government shutdown.2 CNN offered some insight to the historic economic impact of government shutdowns on productivity:2 “The last time the government was forced to close up shop […]

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8/21/2017 Weekly Market Commentary

Here, there, and everywhere… Markets around the world appear to be benefiting from global economic recovery. After pointing out the United States’ economy is the heart of the global financial system, Barron’s reported:1 “The Standard & Poor’s 500 index has tirelessly amassed 30 record closes this year, but is up just 1.2 percent since March 1. Meanwhile, nearly every foreign stock market has sprinted ahead…We wrote on March 25 about how a global recovery should […]

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6/5/2017 Weekly Market Commentary

  The bull market in U.S. stocks is getting really old! In fact, this bull has been charging, standing, or sitting for more than eight years. In April, it became the second longest bull market in American history, according to CNN Money.1 There are some good reasons the stock market in the United States has continued to trend higher. For one, companies have become more profitable. During the first quarter of 2017, companies in the […]

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5/30/2017 Weekly Market Commentary

  Is preparing for the future more important than enjoying the present? There is a lot to enjoy today. Last week, Financial Times wrote:1 “Wall Street ended an impressive week on a steady note – eking out a tiny gain to a fresh record close – as oil prices recouped some of the previous day’s steep losses and the latest U.S. GDP data reinforced expectations for a June rate rise.” In fact, U.S. equities have […]

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5/8/2017 Weekly Market Commentary

  Is it complacency? Exuberance? Uncertainty? Exhaustion? Insight? Intuition? Last week, all three major U.S. stock markets gained value and two reached new record highs. On the face of it, that’s great news for stock investors. However, if you look below the surface, the markets’ upward trend may have you scratching your head.1 Barron’s reported:1 “That the S&P would hit a new high was all the more surprising given the lack of reaction to major […]

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4/24/2017 Weekly Market Commentary

  Last week, investors multi-tasked, pushing both U.S. bond and stock markets higher. In March, the Federal Reserve raised the Fed funds rates for the second time in three months.1 Typically, we would expect interest rates to rise and bond prices to fall, but interest rates have been falling and bond prices have been moving higher. Barron’s reported yields on 10-year Treasuries hit their lowest levels since the election last week. Reuters explained there has […]

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4/17/2017 Weekly Market Commentary

  And the survey said… In late 2016, Natixis Global surveyed 500 institutional decision makers representing corporate pension plans, public pension plans, sovereign wealth funds, insurance companies, foundations, and endowments. Survey participants said market volatility, geopolitics, and interest rates were their top risk concerns for 2017.1 So far, U.S. stock markets haven’t proven to be very volatile, but geopolitics caused some disruption last week. Barron’s reported:2 “Stocks fell 1 percent last week in quiet trading, […]

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