Happy – Monday Morning Market Memo – November 4, 2019

Happy – Monday Morning Market Memo – November 4, 2019

Good morning, “Happy” is a song that was written and produced by Pharrell Williams, and was a soundtrack for the animated movie Despicable Me 2 in 2013. We are not sure what that happiness was all about, but we can certainly tell you why the stock market is happy, as all three major indexes – the Dow Jones Industrial Average, …

Earnings (and Fed?) Action! – Monday Morning Market Memo – October 28, 2019

Good morning, Looking at some highlights from earnings season so far and stocks that moved after their reports: Harley-Davidson and Tesla shares both drove higher after the companies posted better-than-expected earnings; Procter & Gamble shares were looking good after an earnings and revenues beat, in part due to increased sales from their beauty segment; Sherwin-Williams painted a pretty picture with …

Earnings Season! – Monday Morning Market Memo – October 21, 2019

Earnings Season! – Monday Morning Market Memo – October 21, 2019

Earnings Season! Good morning, With a refreshing dip in temperatures and the scenic leaf colors here in New England, fall is one of our favorite seasons – but it does not compare to earnings season! As the market adage tells us – earnings are the mother’s milk of stock prices. Earnings Season gets going in full force this week as …

Market Overview – Monday Morning Market Memo – September 23, 2019

Market Overview – Monday Morning Market Memo – September 23, 2019

Good morning, The major stock market averages fell on Friday after reports Chinese trade officials cut their visit to the U.S. short, reducing hopes that the US and China are any closer to a trade deal. For the week as a whole, stocks posted modest losses and had their 3-week winning streak broken. The Dow Jones Industrial Average dropped 1.1%, …

Eight Straight – Monday Morning Market Memo – September 16, 2019

Eight Straight – Monday Morning Market Memo – September 16, 2019

Good morning, The Dow Jones Industrial Average (with its slight gain last Friday) has now risen eight days in a row. The market has positive momentum based on a more constructive tone surrounding the trade negotiations between China and the U.S., as well as monetary stimulus from the European Central Bank, and rising Treasury yields here, which indicate an easing …

Positive Momentum – Monday Morning Market Memo – September 9, 2019

Good morning, Market momentum turned positive during the middle of last week – the Dow Jones Industrial Average rose over 200 points last Wednesday on easing tensions in Hong Kong – and jumped over 400 points on Thursday after the U.S. and China agreed to hold trade talks. The trade dispute between the world’s two largest economies has been escalating …

Late Week Reversal – Monday Morning Market Memo – August 26, 2019

Late Week Reversal – Monday Morning Market Memo – August 26, 2019

Good morning, Early last Friday morning when we began thinking about the topic for this memo, we thought we’d be discussing a decent week for the market and analyzing Fed Chair Powell’s comments at the Jackson Hole Economic Symposium in Wyoming. As we know however, the mood of the market changes like the weather in New England – often, and …

TGIF – Monday Morning Market Memo – August 19, 2019

Good morning, Trading last week can aptly be summarized (twice) with the acronym TGIF. First, Thank Goodness It’s Friday – when the Dow Jones Industrial Average rose over 300 points to bring us into the weekend on a positive note. Second, Thank Goodness It’s Finished, as a stressful and volatile week came to an end (the Dow plunged 800 points, …