03 Jan 2024
January 3, 2024

4th Quarter of 2023

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Happy New Year! And that ends the positive aspect of this commentary.  Be sure to like and share. The bull market that kicked off in October of 2022 continued almost to the last day of 2023.  Most of that rally was on the back of the so called Magnificent 7 stocks, basically a group of.. read more →

05 Oct 2023
October 5, 2023

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3rd Quarter Commentary 2023 The U.S. stock market fought an uphill battle during the 3rd quarter.  The Dow was down 2.2% for the quarter.  The S&P was down 3.1% and the Nasdaq was down 3.6%.  It was the end of the bear market rally which began last October when the so-called Magnificent 7 tech stocks.. read more →

05 Jul 2023
July 5, 2023

2023 – 2nd Quarter Commentary

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The US stock market continued its bullish trend through the 2nd quarter.  Primarily on the backs of seven tech stocks which heavily outperformed the broader market.  Without the returns of those seven stocks the S&P performance for the year would be near zero.  The Federal Reserve’s efforts to fight inflation by raising interest rates took.. read more →

10 Apr 2023
April 10, 2023

2023 – 1st Quarter

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The Federal Reserve continued to be the driver in the stock market for the first quarter.  The market appeared to have bottomed in October of last year.  The bad news is the uptick was on the back of just ten stocks while the broader market continued to underperform.  That is not a good indication of.. read more →

12 Jan 2023
January 12, 2023

Fourth Quarter Commentary 2022

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Hopefully, you had the safety bar firmly in place for 2022.  The DOW was down 8.8%, the S&P 500 down 19.4%, the Nasdaq down 33.1% and the Russel was down 21.6%.  The only sector to exit the year in the positive was energy. Movement in the stock market was less about fundamentals and more about.. read more →

10 Oct 2022
October 10, 2022

Third Quarter – 2022

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The DOW ended the 3rd quarter down 5.3%, down 25% YTD. The Nasdaq down 30%. The drop in the market is the result of the Federal Reserve’s decision to bring inflation in the US down from 8.6% to 2%.  The FED has a tough fight on its hands.  Inflation is the result of too much.. read more →

12 Jul 2022
July 12, 2022

Second Quarter – 2022

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The first 6 months of 2022 was the worst start of the year for the S&P since 1970.  US stocks are in a bear market. Every recession in the US has started with a big jump in oil and food prices.  We are probably in a recession.  The Federal Reserve is acting to curtail inflation.. read more →

05 May 2022
May 5, 2022

Market Update – May 2022

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The Federal Reserve has announced the expected half percentage point increase in its benchmark lending rate.  The increase was the biggest bump since 2000.  But that only brings the interest rate to .75%.  Compare that to an inflation rate near 10%.  The Federal Reserve is indicating a greater interest in protecting the stock market than.. read more →

Ouch! First quarter 2022 is going to leave a mark.  The 5th worst start to the year since 1929.  So, what caused the pullback across the major market indices? I will say Covid because it was still hanging around. But the real culprits were the worst inflation in 40 years, rising interest rates that reflected.. read more →

12 Jan 2022
January 12, 2022

4th Quarter Commentary 2021

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This commentary is meant to be a reflection on the past quarter and expectations for the coming quarter and year.  But in thinking back on the past year I am reflecting on the sudden loss of a very good friend and client.   There was also good news just received that a client was winning her.. read more →