NEWS & INSIGHTS

Weekly Market Commentary November 6th, 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 Service building in Washington,...

Weekly Market Commentary October 30th, 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 widely expected...

Weekly Market Commentary October 23rd, 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 percent of its...

Weekly Market Commentary October 16th, 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 all economic and...

Weekly Market Commentary October 9th, 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 or Tuesday,...

Weekly Market Commentary October 2nd, 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 suggest the market...

Weekly Market Commentary 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 impressive...

Weekly Market Commentary 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 diversification, according to the GMO...

Weekly Market Commentary 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 off its 2017...

Weekly Market Commentary 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 the gross domestic...

Weekly Market Commentary 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. It wasn’t all...

Weekly Market Commentary 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 of the global...

Weekly Market Commentary August 14, 2017

The Markets Weekly Market Commentary August 14, 2017     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 geopolitical conflict had...

Weekly Market Commentary August 7, 2017

Weekly Market Commentary August 7, 2017   The Markets   Who’s been buying shares of company stock?   Since the start of the bull market in 2009, U.S. companies have been buying their own stock. Stock buybacks peaked during the first three quarters of...

Weekly Market Commentary 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 April...

Weekly Market Commentary 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, reports Barron’s:...

Weekly Market Commentary 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 last week....

Weekly Market Commentary 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 were:   The bond market...

Weekly Market Commentary 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 to cause boredom to set in...

Weekly Market Commentary 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 MSCI World ex USA Index was up more...

Weekly Market Commentary June 19, 2017

    ­Weekly Market Commentary June 19, 2017   The Markets   All eyes on inflation!   Inflation is the way economists measure changes in the prices of goods and services. The United States has enjoyed relatively low inflation for a significant...

Weekly Market Commentary June 12, 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 during...

Weekly Market Commentary 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 market in...

Weekly Market Commentary 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 steady note – eking out a tiny gain to a...

Weekly Market Commentary 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 various topics. Regardless, U.S. investors...

Weekly Market Commentary 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. Barron’s...

Weekly Market Commentary 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 of it, that’s...

Weekly Market Commentary 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 good news:   “This...

Weekly Market Commentary 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. Typically, we...

Weekly Market Commentary 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, insurance...

Weekly Market Commentary April 10th, 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 expectations for...

Weekly Market Commentary April 3rd, 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:   “Eight years...

Weekly Market Commentary 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 and President Trump, may have spooked U.S....

Weekly Market Commentary March 20, 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 fall after the Federal Reserve...

Weekly Market Commentary March 13, 2017

Weekly Market Commentary March 13, 2017   The Markets   Rate hike ahead…maybe.   Last week’s U.S. employment report was better than expected. The United States added 235,000 jobs in February, which was a few more than economists had forecast.   It...

Weekly Market Commentary March 6, 2017

­Weekly Market Commentary March 6, 2017   The Markets   It was a grand slam.   Major U.S. stock markets were positively euphoric following President Trump’s speech on February 28. Optimism about the new administration’s pro-growth policies propelled the...

Weekly Market Commentary February 27, 2017

­Weekly Market Commentary February 27, 2017   The Markets   Once upon a time, five blind men discovered an elephant. Each man examined a different part of the elephant and formed a unique impression about the animal. One believed an elephant was like a...

Weekly Market Commentary February 21, 2017

Weekly Market Commentary February 21, 2017   The Markets   Up!   Four major U.S. benchmark stock indices closed at record highs for four consecutive days during Valentine’s Day week, reported Financial Times (FT).   To date, positive corporate...

June 1, 2016 – The Important Conversation

A Conversation You Need to Have With Aging Parents Dan Taylor faced a precarious situation after his father suffered from a stroke at age 72 and couldn’t live alone. Dan was responsible for looking after him and had no idea how to proceed. He was overwhelmed by the...

May 6, 2016 – Celebration of Moms

It’s time to celebrate our moms! Just think about all the moms you know. There are extrovert moms and the introvert moms, tiger moms and laissez-faire moms, cookie-baking moms and carry-out moms, action-adventure moms and super-responsible moms, give-them-their space...

May 1, 2016 – Beware Scammers Claiming to Be the IRS

Beware Scammers Claiming to Be the IRS Now that most of us have completed our taxes, the IRS is usually out of sight - out of mind, but not so for criminals who run scams using the IRS as their cover. Praying upon many citizens knowing that most are traditionally...

April 18, 2016 – Plant a Rocket

Plant a Rocket   Now that winter is behind us, the sun is shining and our taxes are submitted, we can turn our attention to the great outdoors.  If you are interested in gardening, now is the time of year, many gardeners plan their vegetable garden. We thought it...

January 11, 2016

The People’s Bank of China (PBOC) started the New Year with a downward currency adjustment and fireworks followed. Last week, three distinct issues affected China’s stock market. First, the PBOC’s devaluation of the yuan (a.k.a. the renminbi), along with the knowledge...

January 4, 2016

Investing in U.S. stock markets during 2015 was a bit like riding a mechanical bull. Markets jolted up and down but, once the year ended, investors were almost where they had started. The Standard & Poor’s 500 Index (S&P 500) entered 2015 at about 2,058. It rose as...

December 14, 2015

It’s not like it’s a surprise! Last week, investors didn’t appear to be thrilled with the possibility the Federal Reserve might raise rates this week. They also weren’t too impressed by another drop in oil prices. There was red ink everywhere as markets from Australia...

December 7, 2015

Anyone looking at U.S. stock market performance last week might assume it was a pretty quiet week. They would be wrong. It was a very bouncy week. U.S. stock markets moved lower on Monday, rebounded on Tuesday, and then appeared to suffer a one-two punch mid-week that...

November 30, 2015

The Markets American markets were relatively quiet during Thanksgiving week but there were fireworks in China’s markets. Late in the week, media outlets reported the China Securities Regulatory Commission was conducting inquiries into several securities firms as part...

November 23, 2015

The Markets Financial markets were remarkably calm last week. Many stock markets in the United States, Europe, and Asia moved higher as investors chose to focus their attention on the minutes of the October 27-28, 2015 Federal Open Market Committee (FOMC) meeting,...

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