Markets

Markets, Economy, & Portfolio Management

U.S. major equity indexes pulled backed five percent in September; a month known for corrections. The pullback in stocks brought major indexes back to levels where indexes stood three months ago. Year to date stocks are outperforming bonds by a wide margin. Most bond sectors are on track for a negative year. The stock market enters a seasonally strong investment period by the end of October. I expect major equity indexes to move modestly higher in a choppy fashion into year-end.

Markets, Economy, & Portfolio Management

10/14/2021

Markets Fall 2021

U.S. major equity indexes pulled backed five percent in September; a month known for corrections. The pullback in stocks brought major indexes back to levels where indexes stood three months ago. Year to date stocks are outperforming bonds by a wide margin. Many bond sectors are on track for a negative year. The stock market enters a seasonally strong investment period by the end of October. I expect major equity indexes to move modestly higher in a choppy fashion into year-end.

Markets Fall 2021

July 2021

Markets and Economy Summer 2021

U.S. equity indexes advanced higher in second quarter ending June 30th. Favorable U.S. news on Corona virus, vaccinations, re-openings, robust economic growth, and record corporate earnings fueled the advance. Stock market is vulnerable to bouts of higher volatility in the coming months which is typically a seasonally weak investment period.

The global economy continued its strong path to recovery, expanding last quarter at its fastest pace in over 15 years, according to the latest global Purchasing Manager Indexes. Vaccination rollouts, the easing of stringency measures, monetary and fiscal stimulus, have contributed to the boom and broadening of the global economic recovery.

Markets and Economy Summer 2021

July 2021

Market Update Summer 2021

U.S. equity indexes advanced higher in second quarter. Favorable U.S. news on Corona virus, vaccinations, re-openings, robust economic growth, and record corporate earnings fueled the advance. Stock market is vulnerable to bouts of higher volatility in the coming months which is typically a seasonally weak period.

Market Update Summer 2021

April 2021

Q2 2021 Market Update

Major U.S. equity indexes advanced higher in April hitting record levels. The S&P 500’s market breadth has been broad a sign that there are more gains ahead. But first the market may pullback in the face of overbought conditions and seasonally weak investment period ahead.

Q2 2021 Market Update

January 2021

Q1 2021 Market Update

Monetary and fiscal stimulus, along with the unleashing of trillions of dollars in economic activity as vaccines re-open economy, should be enough to keep the market trending higher this year. Cyclical stocks sensitive to economic growth are outperforming defensive stock sectors - a harbinger of better times ahead.

Q1 2021 Market Update

October 2020

Q3 2020 Market Update

The markets are concerned about a contested election and the possibility of tax and regulatory increases in 2021 under a Biden presidency. The stock market hates uncertainty and so market volatility should remain elevated until after the election.

Q3 2020 Market Update

July 17. 2020

Q2 2020 Market Update

The U.S. economy is recovering and stocks are rebounding from their steep bear market losses. Until an effective vaccine is widely available, the market is vulnerable to pops and drops with the daily virus and election related news headlines.

Q2 2020 Market Update

April 1, 2020

Q1 2020 Market Update

Despite the waterfall decline over the last month, reflecting the demand shock and economic impact of the Coronavirus pandemic, there have been small signs that a bottom may be developing.

Q1 2020 Market Update