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 …