Over the past few months, we have been pointing out stock valuations are stretched and in need of a period of consolidation. September has historically been a tough month for stock market performance, and we suggested last month that this seasonally weak period could be a place to see a pullback. After the market decline […]
Latest Updates
Monthly Market Updates
7 Month Winning Streak
The S&P 500 was on a 6-month 18% winning streak coming into August. We thought a continued increase in Covid cases could weigh on the market, but cases continued to increase during the month and the S&P 500 continued to push into record territory. Strong earnings reports, good economic numbers, and the prospect of trillions […]
Six Straight Months of Gains
July has historically been the best month of the year for stock market performance and this July was true to form. We saw the majority of Q2 earnings reports during the month, but we also saw a flair up in COVID cases as the Delta variance of the virus attacked mostly the unvaccinated. Corporate earnings […]
Best First Half Since 1998
Monthly Market Recap – June June is traditionally a very average month for the market, with a typical gain of .8% and a positive close 60% of the time. At the end of May, the S&P 500 had risen for 3 consecutive months and was 12% higher for the year. Keep in mind, the average […]
Monthly Market Recap – May
May is one of only 2 months during the year where the stock market historically does not finish in positive territory. We wondered if the delay in filing income taxes until mid-May might delay some of the IRA contributions that typically come in April and help the month have a better tone. However, at the […]
4th Consecutive Month Higher
May is one of only 2 months during the year where the stock market historically does not finish in positive territory. We wondered if the delay in filing income taxes until mid-May might delay some of the IRA contributions that typically come in April and help the month have a better tone. However, at the […]
Best Month Since November
April is traditionally one of the better months for the stock market as investors pour money into retirement accounts as they file their tax returns. The IRS has extended the filing deadline to May 15th and we wondered if that might push some of the retirement account deposits from April to May this year. The […]
Stocks Higher for a 4th Consecutive Quarter
Both January and February began with nice rallies and it was the same in March. On the first day of the month the S&P 500 jumped more than 2%, its best one-day performance in 9 months. Rising interest rates have been weighing on technology stocks and that continued for most of the month. Technology stocks […]
Vaccines and Stimulus
February is historically the only month of the year with a net gain/loss of 0. January got off to a strong start but ended with a slide into negative territory and we wondered if that would spill over into February. We were surprised to see the month began with the best weekly rally since November, […]
Profit Taking
January is traditionally one of the best months of the year for the market. 401K plans are an important source of new money for the market and, regardless of your income level, if you are participating in a 401K plan you are adding money to the market in January. Money managers do not necessarily need […]
