Consumer spending has powered the U.S. economy this year as businesses curb investments, waiting for trade and geopolitical uncertainty to fade. We expect that growth will likely slow next year as companies continue to sit out this part of the cycle; however, we expect a strong U.S. labor market and solid consumer spending to fend off a recessionary environment.
Weekly Market Commentary
11/4/19 BEST SIX MONTHS OF THE YEAR
The S&P 500 Index reached a fresh new high October 28, eclipsing the previous high of 3,025 set July 26, 2019. Recent gains have been impressive amid heightened economic and geopolitical uncertainty, and we believe fundamentals are still supportive of stocks. Now that we’ve entered the historically best six-month period of the year for stocks, could more gains be in store?
Weekly Market Commentary
10/28/19 Market Tricks and Treats
The stock market has been hovering near record highs despite an assortment of economic and geopolitical risks. In the spirit of Halloween, we discuss some of the tricks and treats that might spook the markets between now and year-end. Trade remains the biggest worry, followed by bond markets, U.S. manufacturing activity, fear of a Fed policy misstep, and global geopolitical concerns.
Weekly Market Commentary
10/21/19 Seasonal (Tail) Winds
October has had a bad reputation in the stock market. To be fair, it’s somewhat warranted—some of the stock market’s most spectacular crashes have happened in October, including the S&P 500’s 27% slide in October 2008 at the height of the financial crisis. Thankfully, we haven’t seen any moves of that magnitude this October…
Weekly Market Commentary
10/14/19 Earnings May See Better Days Ahead
Corporate earnings growth has ground to a halt, but we think better times lie ahead. While tariffs and ongoing trade uncertainty could delay improvement, we remain optimistic that some progress on trade will be forthcoming and earnings growth could pick up over the coming quarters.
Weekly Market Commentary
Weekly Market Commentary
9/23/19 CENTRAL BANKS ARE BACK
Since we began highlighting the return of fiscal leadership as a primary driver for economic and market activity nearly two years ago, we’ve seen the return to central bank dominance, particularly by the U.S. Federal Reserve. This has significant implications for global markets.
Weekly Market Commentary
Weekly Market Commentary
Cash Could Soon Be Kaput
Let’s talk about how it can affect your personal finances. Contact us today.
Weekly Market Commentary
Weekly Market Commentary
Weekly Market Commentary
8/19/19 Tweaking Our Forecasts Due to Ongoing Trade Conflict
We are tweaking our 2019 forecasts to reflect increased risk to economic growth and corporate profits from the ongoing trade conflict between the United States and China. Although we continue to expect resolution later this year or in early 2020, the odds of a more prolonged dispute have risen. As a result, we think it is prudent to slightly reduce our forecasts for economic growth, interest rates, and corporate profits. Look for more on our revised forecasts in upcoming weekly publications and blogs.
Are you and your family members prepared for a possible recession? What financial precautions can you take to prepare? Let’s talk.
Reach out to us today: 408-879-0789 and schedule some time to talk with us about managing risk.
Weekly Market Commentary
Are You Saving For These Expenses?
Have you saved enough for these major retirement expenses?
Many people approach retirement thinking that their cost of living will decrease once they stop working. This is only partially true, and misconceptions about future expenses can cause your finances to fall short. Have you saved enough for retirement? Let’s find out, call us today.
Weekly Market Commentary
Weekly Market Commentary
Weekly Market Commentary
7/22/19 Riding the Wave… For Now
The S&P 500 Index is very close to our year-end target of 3,000. The S&P 500 is up nearly 20% year to date and, after first closing above our year-end fair value target range July 12, it now stands less than 1% from our target. Now that we’ve reached our target, is it time to sell?