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Monday, September 17, 2018

Weekly Market Commentary September 17, 2018 The Markets All investors are consumers, but not all consumers are investors. The September installment of University of Michigan’s Consumer Sentiment Survey reported Americans are...

 

Monday, September 10, 2018

Weekly Market Commentary September 10, 2018 The Markets Remember: Volatility is normal. Major U.S. stock market indices climbed into record territory during August. They gave back some gains last week. Peter Wells of Financial Times...

 

Tuesday, September 4, 2018

Weekly Market Commentary September 4, 2018 The Markets Where is our country’s biggest export market? Markets were fired up last week after the United States and Mexico agreed on new trade rules. The Standard & Poor’s 500...

 

Tuesday, August 28, 2018

Weekly Market Commentary August 27, 2018 The Markets Tick, Tock. Not everybody loves meetings and even fewer enjoy reading the minutes, but investors make an exception with the Federal Reserve. This week the Fed published the minutes...

 

Tuesday, August 21, 2018

Weekly Market Commentary August 20, 2018 The Markets As Maxwell Smart used to say… Missed it by THAT much! After a rocky start, the Standard & Poor’s 500 Index came within 1 percent of an all-time high last week, reported...

 

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Monday, August 13, 2018

Weekly Market Commentary August 13, 2018 The Markets Let’s talk Turkey! So, how did a country that represents just about 1.4 percent of the world’s economy spark a global selloff? Turkey was once a rising star. The...

 

Monday, August 6, 2018

Weekly Market Commentary August 6, 2018 The Markets Capital gains tax reform comes with a big price tag: $100 billion over 10 years. A capital gain is any increase in the value of an asset, such as an investment, a home, land, etc.,...

 

Monday, July 30, 2018

Weekly Market Commentary July 30, 2018 The Markets Is it a sugar rush or something more sustainable? Economic growth in the United States was strong during the second quarter. Gross domestic product (GDP), which is the value of all...

 

Monday, July 16, 2018

Weekly Market Commentary July 16, 2018 The Markets Investors are becoming more discriminating. Trade tensions escalated as the U.S. administration expanded tariffs on Chinese goods last week. You wouldn’t have known by watching...

 

Monday, July 9, 2018

Weekly Market Commentary July 9, 2018 The Markets What a rollercoaster of a quarter! When it comes to the American Association of Individual Investors (AAII) Sentiment Survey, respondents tend to be more bullish than bearish about U.S....

 

Monday, July 2, 2018

Weekly Market Commentary July 2, 2018 The Markets There’s a bear in China – and it’s not a panda. The Shanghai Stock Exchange (SSE) Composite Index, which reflects the performance of all shares that trade on the...

 

Monday, June 25, 2018

Weekly Market Commentary June 25, 2018 The Markets What time is it? The yield curve may be the pocket watch of economic indicators. It’s been around for a long time and it’s often right, but not always. The yield curve is...

 

Monday, June 11, 2018

Weekly Market Commentary June 11, 2018 The Markets G whiz! Never before could the Group of 7 (G7) Summit have been mistaken for reality TV. The generally dignified annual meeting of leaders from the United States, Canada, France,...

 

Tuesday, June 5, 2018

Weekly Market Commentary June 4, 2018 The Markets If the countries were instruments, last week sounded like a fifth grade garage band. World markets were buffeted by a clamor of good, bad, and unexpected news last week. Events that...

 

Tuesday, May 29, 2018

­Weekly Market Commentary May 29, 2018 The Markets Geopolitical uncertainty didn’t dent U.S. stocks last week. Geopolitics is the intersection of geography, economics, and politics. Last week, there were some fine examples of...

 

Monday, May 21, 2018

Weekly Market Commentary May 21, 2018 The Markets Too much? Too little? Or just right? U.S. stock markets were relatively calm, although they finished the week lower. U.S. Treasury yields hit a 7-year high and finished the week above 3...

 

Monday, May 7, 2018

Weekly Market Commentary May 7, 2018 The Markets What in the world? A lot happened last week. Some of the notable events included: Trade talks between the United States and China. The talks were described as “frank, efficient,...

 

Monday, April 16, 2018

­Weekly Market Commentary April 16, 2018 The Markets What do you think? Are you bullish, bearish, or neutral about the U.S. stock market? Are U.S. stocks undervalued, overvalued, or fairly valued? What is the biggest threat the U.S...

 

Monday, April 9, 2018

­Weekly Market Commentary April 9, 2018 The Markets You could almost hear the spurs jingling. Trade tensions ratcheted higher last week as the United States and China staked new positions on the not-so-dusty main street of trade....

 

Tuesday, April 3, 2018

Weekly Market Commentary April 2, 2018 The Markets In like a lion… Investors roared into 2018. During the first week of the first quarter of the New Year, the Dow Jones Industrial Average rose above 25,000 for the first time...

 

Monday, March 26, 2018

Weekly Market Commentary March 26, 2018 The Markets Why am I saving and investing? After a week like last week, it’s an important question. There are many reasons people save and invest, including to: Live the life they want...

 

Monday, March 19, 2018

Weekly Market Commentary March 19, 2018 The Markets It’s a good time for a gut check. Last week, after sliding lower for four days, the Standard & Poor’s 500 Index recouped some of its losses on Friday. The reasons behind...

 

Tuesday, March 13, 2018

Weekly Market Commentary March 12, 2018 The Markets It’s a bird…It’s a plane…It’s a labor shortage! There is little doubt the Millennial generation has been reshaping our world. One of the most...

 

Monday, March 5, 2018

Weekly Market Commentary March 5, 2018 The Markets As Yogi Berra once said: It’s déjà vu all over again. Last week, global stock markets took a bit of a dip after President Trump announced a 25 percent tariff on...

 

Tuesday, February 20, 2018

­Weekly Market Commentary February 19, 2018 The Markets As New York Fashion Week ended, inflation strutted its stuff. Ever since the Federal Reserve began raising the Fed funds rate in 2015, analysts have been anticipating higher...

 

Monday, February 12, 2018

­Weekly Market Commentary February 12, 2018 The Markets Back to reality... After months of eerie calm, stock market volatility has returned. The CBOE Volatility Index (VIX) – a measure of how turbulent investors expect stock...

 

Monday, February 5, 2018

Weekly Market Commentary February 5, 2018 The Markets It was not a good week for stocks. Last week, stock markets around the world lost value. In the United States, the Standard & Poor’s 500 Index (S&P 500), Dow Jones Industrial...

 

Monday, January 29, 2018

Weekly Market Commentary January 29, 2018 The Markets The numbers are coming in. Publicly-traded companies report their earnings and sales numbers for the previous quarter in the current quarter. For example, fourth quarter’s...

 

Monday, January 22, 2018

Weekly Market Commentary January 22, 2018 The Markets Last week, the United States government might as well have hung a sign on the front door of the Capitol that read, “Gone negotiating. We’ll be back in…however...

 

Tuesday, January 16, 2018

Weekly Market Commentary January 16, 2018 The Markets Inflation, inflation, where’s the inflation? The U.S. Federal Reserve has been raising interest rates in anticipation of higher inflation. In its 2018 forecast, Goldman Sachs...

 

Monday, January 8, 2018

­ Weekly Market Commentary January 8, 2018 The Markets 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...

 

Wednesday, January 3, 2018

Weekly Market Commentary January 2, 2018 The Markets How good was 2017? It was so good, the Standard & Poor’s (S&P) 500 Index finished in positive territory every month for the first time ever (on a total return basis),...

 

Tuesday, December 26, 2017

Weekly Market Commentary December 26, 2017 The Markets It’s time to turn your mind to taxes. Last week, President Trump signed tax reform, officially titled ‘An Act to provide for reconciliation pursuant to titles II and V...

 

Monday, December 18, 2017

­Weekly Market Commentary December 18, 2017 The Markets Here we come a tax-reforming… The reconciliation of Congressional tax reform bills proceeded apace last week, and Congress is expected to vote on the measure early this...

 

Monday, December 11, 2017

­Weekly Market Commentary December 11, 2017 The Markets “It's the hap- happiest season of all.” While holidays don’t make everyone happy, investors should be feeling festive. The Standard & Poor’s 500 Index...

 

Monday, December 4, 2017

Weekly Market Commentary December 4, 2017 The Markets What will it take to shake investors’ confidence? From the perspective of unsettling events, last week was jam-packed. North Korea claimed to have the capability to strike the...

 

Monday, November 27, 2017

Weekly Market Commentary November 27, 2017 The Markets There was a lot to be thankful for last week. Stock markets around the world may have ripened to full-slip sweetness this year. Emerging markets have delivered the most attractive...

 

Tuesday, November 21, 2017

Weekly Market Commentary November 20, 2017 The Markets Are investors more like tigers or African wild dogs? It appears investors – retail and institutional – have become rather like predators. They patiently stalk shares,...

 

Monday, November 13, 2017

Weekly Market Commentary November 13, 2017 The Markets Selling it overseas. Most of the companies in the Standard & Poor’s 500 (S&P 500) Index have reported third quarter earnings per share (EPS), which is the profit earned per...

 

Monday, November 6, 2017

­Weekly Market Commentary November 6, 2017 The Markets “Taxes are what we pay for a civilized society.” U.S. Supreme Court Justice Oliver Wendell Holmes’s statement is engraved on the front of the Internal Revenue...

 

Monday, October 30, 2017

Weekly Market Commentary October 30, 2017 The Markets The last full week of October was a box full of surprises. First, U.S. economic growth exceeded expectations. The devastation wrought by Hurricanes Harvey, Irma, and Maria was...

 

Monday, October 23, 2017

­Weekly Market Commentary October 23, 2017 The Markets And the hits just keep on coming. Last week was the anniversary of Black Monday. On October 19, 1987, the Dow Jones Industrial Average (Dow) lost 508 points, or more than 20...

 

Monday, October 16, 2017

Weekly Market Commentary October 16, 2017 The Markets There’s a new kid in town: narrative economics. Last week, Richard Thaler was awarded the Nobel Prize in economics. His work in behavioral economics and finance recognizes not...

 

Monday, October 9, 2017

Weekly Market Commentary October 9, 2017 The Markets Slow and steady... It has been 332 days since the Standard & Poor’s 500 (S&P 500) Index experienced a 5 percent drop, reported Barron’s. If there isn’t a selloff on...

 

Monday, October 2, 2017

Weekly Market Commentary October 2, 2017 The Markets A lot happened during the third quarter of 2017, but not much changed. The bull market in U.S. stocks continued to charge ahead. Traditional measures of valuation continued to...

 

Monday, September 25, 2017

Weekly Market Commentary September 25, 2017 The Markets Geopolitics, what is it good for? Absolutely nothin'! In January, Robert Kahn of the Council on Foreign Relations wrote in Global Economics Monthly: “Markets showed...

 

Monday, September 18, 2017

­Weekly Market Commentary September 18, 2017 The Markets “In theory, there is no difference between theory and practice, in practice there is.” Yogi Berra was talking about baseball, but the concept also applies to...

 

Monday, September 11, 2017

Weekly Market Commentary September 11, 2017 The Markets 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...

 

Tuesday, September 5, 2017

Weekly Market Commentary September 5, 2017 The Markets When it comes to economic growth, the government doesn’t measure twice. It measures three times. Last week, the Bureau of Economic Analysis revised its initial estimate that...

 

Monday, August 28, 2017

Weekly Market Commentary August 28, 2017 The Markets 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....

 

Monday, August 21, 2017

Weekly Market Commentary August 21, 2017 The Markets Here, there, and everywhere… Markets around the world appear to be benefitting from global economic recovery. After pointing out the United States’ economy is the heart...

 

Monday, August 14, 2017

­Weekly Market Commentary August 14, 2017 The Markets North Korea may be a little country, but it can churn up big trouble. The possibility that verbal hostilities between the United States and North Korea could trigger...

 

Monday, July 31, 2017

Weekly Market Commentary July 31, 2017 The Markets There was some good news and some bad news last week. First, the good news: Thanks to consumer spending and an upturn in federal government spending, the U.S. economy grew faster from...

 

Monday, July 24, 2017

Weekly Market Commentary July 24, 2017 The Markets Do we have central banks to thank? Low interest rates, accommodative monetary policy, and improving economic growth have helped stock markets around the world reach record highs,...

 

Monday, July 17, 2017

Weekly Market Commentary July 17, 2017 The Markets It was a good week for a lot of stocks but not bank stocks. The Standard & Poor’s 500 (S&P 500) Index and the Dow Jones Industrial Average (DJIA) both finished at record highs...

 

Monday, July 10, 2017

Weekly Market Commentary July 10, 2017 The Markets Things you may want to know… Last Friday, Financial Times (FT) published, ‘Five markets charts that matter for investors.’ Among the issues addressed in the charts...

 

Monday, July 3, 2017

Weekly Market Commentary July 3, 2017 The Markets This is the way the quarter ends – with a central bank scare. Central bankers are stodgy. They speak carefully. For many, reading the words ‘Federal Reserve’ is enough...

 

Monday, June 26, 2017

Weekly Market Commentary June 26, 2017 The Markets It has been a very good year, so far. Through the end of last week, the Standard & Poor’s 500 Index posted 24 record highs and delivered returns in the high single digits. The...

 

Tuesday, June 13, 2017

Weekly Market Commentary June 12, 2017 The Markets Stock market historians may dub 2017 the Xanax year. Traditional historians will probably choose a different moniker. Stock markets in many advanced economies have been unusually calm...

 

Monday, June 5, 2017

Weekly Market Commentary June 5, 2017 The Markets 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...

 

Tuesday, May 30, 2017

Weekly Market Commentary May 30, 2017 The Markets Is preparing for the future more important than enjoying the present? There is a lot to enjoy today. Last week, Financial Times wrote: “Wall Street ended an impressive week on a...

 

Monday, May 22, 2017

Weekly Market Commentary May 22, 2017 The Markets How much is too much? There has been no shortage of drama since the new administration took office – legislative setbacks, controversial hiring and firing, and fiery tweets on...

 

Monday, May 15, 2017

Weekly Market Commentary May 15, 2017 The Markets Does performance tell the whole story? American stock markets have delivered some exceptional performance in recent years. Just look at the Standard & Poor’s 500 (S&P 500) Index....

 

Monday, May 8, 2017

­Weekly Market Commentary May 8, 2017 The Markets 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...

 

Monday, May 1, 2017

­Weekly Market Commentary May 1, 2017 The Markets It was a good week to own stocks. Not all financial news was good news last week, but that didn’t prevent U.S. stock markets from moving higher. Barron’s reported on the...

 

Monday, April 24, 2017

Weekly Market Commentary April 24, 2017 The Markets 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....

 

Monday, April 17, 2017

Weekly Market Commentary April 17, 2017 The Markets And the survey said... In late 2016, Natixis Global surveyed 500 institutional decision makers representing corporate pension plans, public pension plans, sovereign wealth funds,...

 

Monday, April 10, 2017

­Weekly Market Commentary April 10, 2017 The Markets U.S. stock markets are sending mixed signals. If you look at the performance of the CBOE Volatility Index (a.k.a. the VIX or fear gauge), which is a measure of market...

 

Monday, April 3, 2017

Weekly Market Commentary April 3, 2017 The Markets Happy birthday! Toward the end of the first quarter, the bull market celebrated its eighth birthday. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management wrote:...

 

Monday, March 27, 2017

Weekly Market Commentary March 27, 2017 The Markets You’ve read it before – and it’s true. Markets hate uncertainty. Failure to pass the American Healthcare Act, which was supported by Republican leaders in Congress...

 

Friday, March 24, 2017

... ­Weekly Market Commentary March 20, 2017 The Markets Three steps and no stumble… Technical analyst Edson Gould developed a market rule of thumb known as ‘three steps and a stumble.’ It states stock prices may...