The Sweet Smell of Large Caps

The Sweet Smell of Large Caps

The unfolding 2018 market narrative trumpets the expectation of strong corporate profits ahead. But first, let’s take a look at how fourth quarter 2017 reports are shaping up so far. Fourth quarter earnings are expected to grow 11.2% (ex­financial companies). We are...
Don’t Fear the Fed

Don’t Fear the Fed

Last year was another solid year for investors, especially following a stellar 2013 of 30+% gains. For the year, the S&P 500 Index rose 11.4% while the Dow Jones Industrial Average increased by 7.5%. The average U.S. mutual stock fund rose 7.6% and the average...