Market Updates

October has gotten off to a rocky start, as concerns of government shutdowns, COVID, debt ceilings, inflation, supply chains, and infrastructure bills have dominated the news.  While all of these certainly can create volatility, I believe that stocks will continue to be a good investment.  A healthy consumer, strong economic growth, strong earnings reports from…

Summer is officially winding down, but you’d never know it from all the heat and storms we’ve had. The very low volumes on the New York Stock Exchange recently are a reminder of all of the investment professionals that are taking summer-ending vacations, so I’d expect volume—and possibly volatility—to pick back up when they return…

Amazingly, the year is already halfway over. It’s been full of events so far: a new President, battling COVID, vaccinating for COVID, Tom Brady winning another Super Bowl, meme “stonks,” genetically modified mosquitos (yikes!), and the gas pipeline hack and gas shortage. Through it all, the S&P 500 closed the first half of the year…

There has been an impressive rotation out of technology stocks and into industrial, basic materials, and financial stocks in 2021, and the first couple of weeks of May have seen that rotation continue. Basically, the stocks that outperformed in 2020 are underperforming in 2021, and vice versa. Of course, there are exceptions, but this trend…

The first quarter has wrapped up, with the S&P 500 finishing higher by nearly 6%, making it the fourth consecutive quarter of positive returns for the index. The underlying stocks remain very strong with almost all of S&P 500 stocks above their 200-day moving average, indicating a general uptrend for most stocks.  Underneath this strength…

After a pretty lethargic January (the S&P 500 was down about 1%), stock indices have rocketed upward so far in February.  The big news over the past few weeks has been the wild ride of some heavily-shorted stocks, although a lot of that activity seems to have settled down, for now. While the S&P 500…

Happy New Year, and welcome to 2021! I hope that this year brings to all of us less upheaval than the last. We were busy at the end of 2020, trying to reduce capital gains tax exposure for our clients.  There were a lot of gains last year, and surprisingly few losses, so you may…

November stock market returns were for the record books, as the S&P 500 rose nearly 12%, the Dow Jones Industrial Average had its best month since 1987, and the Russell 2000 was up 18% for its best month ever.  The announcements of 3 vaccines spurred a rotation into the most economically-sensitive areas of the market,…

Election Day has come and gone (my house is pleasantly quiet now that the political calls have stopped coming in!) and, although the results aren’t completely in, we have a much better feel for what government will probably look like for the next couple of years.  My first observation, while not directly stock market related,…