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Market Review and Outlook

October 2018 Market Review and Outlook

U.S. stock markets closed out the month of October with the largest monthly losses we’ve seen in more than six years. All of 2018’s gains were essentially wiped out over just a few days of trading. Bond markets have been hurt all year as interest rates have continued...

August 2018 Market Review and Outlook

The US equity markets closed the month of August with gains despite apprehension concerning trade policy. The S&P 500, NASDAQ, and Russell 2000 all reached new highs during the month. The S&P 500 had its best August performance since 2014, while the NASDAQ posted its...

July 2018 Market Review and Outlook

The US stock markets rose during the month of July as mostly strong corporate earnings trumped weakness in Technology shares. Additionally, fears of a prolonged trade war with China eased a bit as news reported that Treasury Secretary Steve Mnuchin and Chinese Vice...

June 2018 Market Review and Outlook

The US stock markets gyrated between gains and losses during the month of June, as investors assessed the impact of proposed trade tariffs, political turmoil in the Eurozone, and signals of a slowing global economy. Most of the major US stock indices had positive...

May 2018 Market Review and Outlook

The US stock markets had a roller-coaster ride during the month of May, as the month began with a rally after strong first quarter earnings were reports, trade war concerns subsided, emerging markets calmed, and political instability in Europe was shrugged off. Trade...

April Market Review and Outlook

All of the major US stock indices had positive returns for the month of April, as strong earnings reports allowed the markets to regain some of the earlier losses due to proposed tariffs and interest rate increase concerns. During the month, concerns about a hawkish...

March Market Review and Outlook

During the first quarter, investors wavered from euphoria to despair, as record market gains in January were followed by the first “corrections” (drops of 10% from record highs) in February in more than 2 years. The Dow and S&P 500 closed out the month of March and...

February Market Review and Outlook

What a difference a month makes! 2018 began with strong gains, only to see much of those gains evaporate as volatility returned to the markets amid concerns of continued interest rate hikes by the Fed. The conundrum is that interest rates are rising because of...

January Market Review and Outlook

2018 is off to a good start, as during the month of January the major indices were setting records on a daily basis. Worldwide markets are off to their best start in over 30 years. A well-known market adage says that so goes January, so goes the year. And historical...

December Market Review and Outlook

While the year didn’t officially end until December 31st, the markets broke out the party hats early to celebrate at the market close on Friday, December 29th. And deservedly so, as they shattered records left and right during 2017 – despite political gridlock, North...

November Market Review and Outlook

Back in February, the Dow Jones Industrial Average crossed and maintained the psychological 20,000 level milestone. In November the index broke 24,000 and shows no sign of slowing. The Dow ended November with a gain of 3.2%, an eighth consecutive monthly gain – the...

October Market Review and Outlook

October has often been a spooky month for the markets. This past month we marked the 30th anniversary of “Black Monday”, which occurred on October 19, 1987, when the US stock market crashed and the Dow lost more than 22% in a single day. The S&P 500 also dropped...

September Market Review and Outlook

September has historically been the worst month for the stock market, but this year was an exception.  US stocks finished the week, month, and quarter on a high note, with the S&P 500, Nasdaq, and Russell 2000 reaching all-time highs on the last day of the quarter....

August Market Review and Outlook

Volatility returned to the markets in August, as a mid-month slump led the S&P 500 down from yet another all-time record high close on August 7th. Concerns about North Korea’s missile launch and the impact of hurricane Harvey eclipsed worries about the impending debt...

July Market Review and Outlook

During July, the markets yet again continued their march to record territories. The Dow inched closer to 22,000, yet another psychological milestone. When, not if, this level is attained, it will mark the third 1,000-point milestone within a year. The Dow and other...

June Market Review and Outlook

If you “sold in May and went away”, as the saying goes, you would have missed out on another positive month, albeit a minor one. The market proves to be resilient, and political turmoil in Washington and global uncertainty appear to be the only obstacles to continued...

May Market Review and Outlook

The end of April coincided with the completion of President Trump’s first 100 days in office. Many of the President’s campaign promises, such as the replacement of Obamacare, have yet to transpire, and the tax proposal unveiled last week appeared to lack substance....

April Market Review and Outlook

The markets in March performed like the adage “in like a lion, out like a lamb”, as we finally saw a negative month for both the Dow and S&P 500, the first since last October. The Dow finished down -1.63% and the S&P 500 declined -.86%. On March 21st the Dow tumbled...