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...read more
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...read more
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...read more
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. The...read more
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...read more
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...read more
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...read more
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....read more
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...read more
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