Monthly Market Updates

Posted June 1, 2019

Trade Turmoil

The S&P 500 hit an all-time intraday high on the first day of the month but then the index moved steadily lower for the remainder of the month.  As the month began economic numbers and corporate earnings were good and most believed Treasury Secretary Mnuchin, who said the China trade deal was in its final lap.  A trade deal with China is seen as a boost to economic activity so, when the… Read More ›

Posted March 29, 2019

Best Start Since 1998

Coming off the December meltdown, the S&P 500 had gained more than 18% in just 44 trading days ending 2/28. With a strong upward move like that one could expect some “backing and filling” as those gains are digested, and that is much of what we saw in March.  One of the biggest moves during the month was interest rates, as the yield on the 10-year Treasury dropped 10% to the lowest… Read More ›

Posted March 1, 2019

2019 Rally Continues

Coming off the best January performance for the market in 32 years, we thought February might be a month of digesting those gains.  However, during the month we saw a continuation of the solid earnings from January and continued to get encouraging news on interest rates and the China trade deal.  By the end of the last full week of February the Dow Industrial average had moved higher for the first 8… Read More ›

Posted February 1, 2019

Best January in 32 Years!

The December 9.2% meltdown, the worst December in nearly 100 years, was ignited by concerns about rising interest rates and China trade throwing the global economy into recession. We would expect some rebound after such a dramatic decline, but January turned out to be the best month for stocks since October 2011.  During the month we saw interest rates continue to decline as the Federal Reserve backed away from their aggressive rate… Read More ›

Posted November 30, 2018

November Rebound

Coming off the worst month for stocks in 7 years, November was another volatile month that featured the worst Thanksgiving week performance for stocks in 7 years, but the month also had 2 of the biggest up days this year.  The late October rally continued into early November with the S&P 500 hitting a high for the month the day after the election. The focus continued to be on rising interest rates… Read More ›