Earnings Season – Monday Morning Market Memo – January 14, 2019

Good morning, Earnings Season “officially” begins this week and is dominated by the financial sector. Citigroup kicked things off this morning with a mixed report, posting better-than-expected earnings but missing on the top line. Other banks/financials scheduled to report this week include JPMorgan Chase, Wells Fargo, Bank of America, PNC Financial Services, US Bancorp, Goldman Sachs, Morgan Stanley, SunTrust Banks, …

One-two Punch – Monday Morning Market Memo – January 7, 2019

Good morning, An online dictionary defines a one-two punch as a combination of two blows delivered in rapid succession in boxing, especially a left lead followed by a right cross, and defines it informally as an especially forceful or effective combination or sequence of two things – and this is the kind of one-two punch the market experienced Friday. The …

Stormy December – Monday Morning Market Memo – December 31, 2018

Good morning, The stock market is coming off a holiday-shortened week characterized by erratic and notable price swings. The week started with the worst Christmas Eve decline ever, as the Standard & Poor’s 500 Index and the Dow Jones Industrial Average fell 2.7% and 2.9% respectively – until then the S&P 500 had never declined more than 1% on the …

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 …