Monthly Market Updates

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 ›

Posted November 1, 2018

Tech Weakness Send Market Sharply Lower

We said last month that October has a bad reputation and it certainly lived up to that reputation this year. Coming off the best quarter for stocks in 5 years we were not surprised to see some profit taking, but we were surprised at the extent of the selling.  After hitting a new all-time high in the first few days of the month, the market traded sharply and steadily lower for most… Read More ›

Posted September 4, 2018

Technology Drives Market Higher

Strong corporate earnings reports helped July turn in the 2nd best monthly performance this year and that momentum continued into August.  The strengthening economy was expected to make this earnings season a strong one, but the reports were generally been better than even the optimistic expectations.  Approximately half of the companies in the S&P 500 reported in July and most of the remaining companies reported in August.  More than 80% of companies… Read More ›

Posted July 31, 2018

Strong Earnings Push the Market Higher

July has historically been the best month of the year for the market and, while we often say history is simply a guide, this month it was a good guide, as the market moved nicely higher for most of the month.  Coming into the month analysts thought 2nd quarter earnings reports would help move the market higher and that is exactly what happened.  At of the end of the month approximately 50%… Read More ›