Monthly Market Updates

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 ›

Posted June 29, 2018

Trade War Fears Weigh

Over the last 90 years June has been a very average month for the market, falling right in the middle of monthly performance averages. This June had two different halves, the first half during which we saw the S&P 500 move steadily higher to a 3 month high, and the second half during which the S&P 500 gave up much of the gains from the first half.  Trump’s tough talk on trade… Read More ›

Posted May 31, 2018

Best Month Since January

“Sell in May and go away”? This month we were once again reminded history is a guide, not an absolute.  May has historically been a month with little change, closing higher 55% of the time, but it is one of only 2 months during the year with a 90 year average rate of return that is negative.  The important energy sector got a boost from higher oil prices during the month and… Read More ›