Recent Commentary

2019:  Money in Motion

2019: Money in Motion

Fourth Quarter Recap:  What a difference a quarter can make. The S&P 500 was up 9% through September but then declined 14% in Q4 to end (6.2)% for the year. Many other U.S. stock market measures were down more. And volatility raged throughout the quarter. According to...

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Technical Analysis of the Stock Market

Technical Analysis of the Stock Market

One of the main reasons for the recent October/November correction in stock prices is the escalating trade war between China and the U.S. So investors cheered when progress was made last Saturday night at the G20 Summit in Argentina between President Trump and Chinese...

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Red October

Red October

Q & A It seems timely this is the month for our annual Q&A.  Here are the most frequently asked questions by clients and other professionals:   What is causing the current stock market correction?   Concerns seem to be piling on making this a deep pull back. The S&P...

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There’s More Life Left in This Bull Market

There’s More Life Left in This Bull Market

Are we due for a post-election pop? If history repeats, 2019 may be a very profitable year. Although stock prices typically drop about 3% in the six months prior to a (first term) mid-term election going back to WWII, prices rise on average 19% in the 12 months after...

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Show Us the Money

Show Us the Money

Although we were disappointed stock prices didn’t react to spectacular first­quarter earnings (+25%), we remain very interested in what corporations are doing with the extra cash and how this might eventually boost share prices. Share repurchases. First...

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Fear, Greed, and Valuations: An Update

Fear, Greed, and Valuations: An Update

Earnings reports for Q1 have been nothing short of spectacular (helped by the recent reduction in corporate income tax rates). Reported earnings growth to date is 23.2% with revenue growth of 8.4% (source: FactSet). Net profit margins are 11.1%, a post­financial...

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