Wealth Management Blog
The Year No One Expected
The books have closed on 2019 and it was one for the ages. When the dust settled, the S&P 500 closed the year up 31%. A great year by any measure. The economic recovery that began in July, 2009 finished its 10th year and is now the longest running economic [...]
It Could Have Been Worse!
The market was crazy fickle this month with multiple rallies and declines packed within a mere four-week period. Blame it on news related to world economic growth slowing, the Fed’s next rate decision or the US / China trade talks. By month’s end, participants should be glad the market only [...]
One for the Record Books!
Barring some unforeseen event, the current economic expansion will become one for the record books next month. According to the National Bureau of Economic Research, the expansion beginning in July, 2009 has run exactly 10 years (120 months) matching the 1990’s expansion as the longest on record. By the end [...]
Trade Concerns Whipsawed Stocks in May
Trade negotiations dominated the headlines in May stalling the rally enjoyed to date. Given the strong market performance, investors may have been pricing in a trade deal between the US and China. When the prospects of a deal started to fade in early May, market participants became a little anxious [...]
GDP Growth Exceeds Expectations Continuing the Rally
April was another strong month for investors. The much better than expected first quarter gross domestic product (GDP) number and corporate earnings season results were the primary drivers. Specifically, first quarter GDP came in at 3.2% which was much stronger than the 2.5% expected. Financials, mega cap tech stocks and [...]
What a Great 1st Quarter!
The first quarter may have come to an end but investors don’t want the market advance it experienced to end. The last three months posted the strongest quarterly gains since the first quarter of 1998 and the best individual quarter in 9.5 years. The rally was likely fueled by a [...]
The Winning Streak Continues
The stock market is off to a great start as prices climbed for the second straight month in February. The 11.3% return experienced to date is the 5th strongest start to a year on record. The bullishness was likely the result of promising US-China trade talks, a more dovish stance [...]
The January Rebound
After the 4th quarter sell-off, January followed with a strong rebound. By the end of last week, the S&P 500 was up 8% and is approximately 7.5% short of its all-time high set last year. The most significant event of the month was the January 4th comments from the Federal [...]
