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 …

Earnings Season – Monday Morning Market Memo – October 15, 2018

Good morning, The stock market took a hit last week as trade tensions and rising interest rates sent equities tumbling. For the week, the Dow Jones Industrial Average fell 4.2%, the Standard & Poor’s 500 Index lost 4.1%and the NASDAQ Composite dropped 3.7%. The NASDAQ actually hit correction territory at one point last week (a drop of 10% or more …

1969 – Monday Morning Market Memo – October 8, 2018

Good morning, For all the music fans out there, we are not referring to the hit song Summer of ’69 recorded by Bryan Adams on his 1984 album Reckless. We are talking about the unemployment rate, which just fell to its lowest level since 1969! The U.S. Department of Labor reported the unemployment rate declined to 3.7% in September, which …

HIKE – Monday Morning Market Memo – September 24, 2018

Good morning, Football season is underway, and “hike” of course is the backwards passing of the ball at the start of play from the line of scrimmage! Unfortunately, that is not the kind of hike we are referring to here. The hike we are talking about is an increase in interest rates by the Federal Reserve. Broadly speaking, the stock …