Bear Market – Monday Morning Market Memo – December 24, 2018

Good morning, This is the time of year when we expect to see snowmen, reindeer, Santa, and perhaps even a Santa Claus Rally – as December is historically one of the stronger months for the stock market. This December however, the most prominent sighting has been that of a bear. Stocks posted significant losses last week: The Dow Jones Industrial …

Fed Ahead- Monday Morning Market Memo – December 17, 2018

Good morning, Two major factors pushing the market lower of late and causing volatility are concerns over global growth – with more soft economic data out of China and Europe last week – and worry about interest rate hikes, with many believing the Federal Reserve is being too aggressive in raising rates. So, the market will be, even more than …

Roller Coaster – Monday Morning Market Memo – December 10, 2018

Good morning, The stock market is continuing on its “roller coaster” ride, and it is not the kiddie roller coaster. In the last three weeks respectively, the benchmark Standard & Poor’s 500 Index has been down 3.8%, up 4.8%, and down 4.6%. As you can imagine by those numbers, there are some big picture issues driving the volatility. Headwinds for …

Market Rebound – Monday Morning Market Memo – December 3, 2018

Good morning, After dropping 3.8% during the Thanksgiving week, the market rebounded last week – with the Standard & Poor’s 500 gaining 4.8%, the Dow Jones Industrial Average rising 5.1%, and the NASDAQ Composite adding 5.6% (what a difference “a week” makes). We mentioned in our last memo how the market was focused on two key issues, interest rate policy …

Turkey / “Turkey” – Monday Morning Market Memo – November 26, 2018

Good morning, We hope you had a good Thanksgiving! The traditional holiday fare for thanksgiving is of course turkey, but for investors is was a “turkey” of a week as stock indices registered their worst Thanksgiving week since 2011. For the week the Dow Jones Industrial Average and the NASDAQ Composite shed 4.4% and 4.3% respectively, while the Standard & …

Thanksgiving Week / Earnings Wrap – Monday Morning Market Memo – November 19, 2018

Good morning, The markets are of course closed on Thursday for Thanksgiving, and close early on Friday, with stock market trading ending at 1:00. According to the National Turkey Federation, Americans will eat 46 million turkeys this holiday, and the National Retail Federation forecasts 116 million Americans will shop on Black Friday – the “kick off” to the holiday shopping …

Earnings Update – Monday Morning Market Memo – November 12, 2018

Good morning, Updating the earnings season so far – of the 451 companies in the Standard & Poor’s 500 Index that have reported third quarter earnings, 76.9% have reported earnings above analyst expectations, which is above the long-term average of 64%, and in-line with the average over the past four quarters of 77% – according to I/B/E/S from Refinitiv. There …

Earnings Action! – Monday Morning Market Memo – October 5, 2018

Good morning, This earnings season is being played out along with some major economic issues in the forefront – namely trade/tariff problems with China, and a Federal Reserve Bank that some investors believe is being too aggressive in raising interest rates. As a result, there has been more overall market volatility this earnings season, in addition to the usual stock …

Scary October – Monday Morning Market Memo – October 29, 2018

Good morning, The stock market posted a sharp decline last week. The Dow Jones Industrial Average fell 3%, the Standard & Poor’s 500 Index tumbled 3.9%, and the NASDAQ Composite shed 3.8%. For the month of October it is even worse, as the Dow and S&P 500 are down 6.7% and 8.8% respectively, while the NASDAQ is down 10.9%. The …

Earnings Update – Monday Morning Market Memo – October 22, 2018

Good morning, Stocks have been in a general downtrend so far this month, pressured by rising interest rates and trade tensions with China. Despite volatile trading last week, things stabilized (with the S&P 500 closing essentially unchanged) as healthy earnings reports by some big name companies supported the market. Johnson & Johnson, Goldman Sachs, Netflix, Procter & Gamble, and UnitedHealth …