Monthly Market Updates

Posted October 30, 2009

Trick or Treat

Tomorrow when the children go door to door they will be offering you a choice, either trick or treat. In the spirit of the season the October stock market gave us both tricks and treats. Despite its bad reputation, October is actually up more often than down, but after a record 7 consecutive monthly gains for the S&P 500 we entered October cautiously. The month gave us some of the biggest up… Read More ›

Posted September 30, 2009

Ignoring History

September, typically the worst month of the year for the market, turned out to be the best September since the middle of the internet boom in 1998, a record seventh consecutive up month for the S&P 500, and the quarter was the best in 11 years. The index added 3.5% in September, 15% for the quarter, and is now up 17.1% for the year. Although we have rallied 58.5% off the market… Read More ›

Posted August 31, 2009

Rally Continues

Monsoon season was a no show in Tucson this August and the rain has also stayed away from our parade on Wall Street. Spurred on by consistently good economic news the S&P 500, moved up for the 6th consecutive month. For the month the index added 3.4% and is now 13.1% higher on the year. Even more impressive is the continued recovery in the banking sector as illustrated by banking ETF, symbol… Read More ›

Posted July 31, 2009

Fireworks on Wall Street

The annual Macy’s Fourth of July Fireworks Extravaganza on the Hudson River paled in comparison to the fireworks on Wall Street as the S&P 500 staged an explosive rally that took the index to the high for the year. The month began on a dismal note with an announcement from the Labor Department that 100,000 more jobs were lost in June than analysts had expected and the market responded with a 2%… Read More ›

Posted June 30, 2009

June Gloom?

June gloom was reserved for the California coast as the market spent the month consolidating recent gains. After hitting bottom on March 6th the S&P 500 advanced strongly and by the end of June the quarterly gain was 15%, the first quarterly increase since the 3rd quarter of 2007. After a strong market advance one of two things generally happens, either the market drops back and gives up a portion of those… Read More ›