Market Commentary

Economic Expectations

As confirmed COVID-19 cases continue to accelerate in the U.S. and around the world, work stoppages have also increased. The resulting strain on the economy from layoffs, furloughed workers, reduced productivity, and consumer spending is beginning to appear in the data. Continue reading

March 27, 2020 Weekly Market Recap

Stocks rebounded this week, with the S&P 500 surging 10.3%, as investors stepped in to buy discounted shares of companies after Congress approved the $2 trillion stimulus package for households and businesses. The Dow Jones Industrial Average rose 12.8%, the Nasdaq Composite rose 9.1%, and the Russell 2000 rose 11.6%. Continue reading

Not All Bear Markets Are Created Equal

As I write this article the market closed with another historic day. And it was a good one – the biggest one-day percentage gain (+11.37%) for the Dow Jones Industrial Average in almost 90 years, and its largest-ever move in point terms. But the financial carnage done by the COVID-19 pandemic over the last month is undeniable. Continue reading

It’s Always Darkest Before the Dawn

Folks, these are trying times. We are being tested on many levels, both emotionally and financially. I thought about just posting my typical Weekly Market Recap, but y’all have probably had enough bad news and anxiety to last a lifetime already this week. Continue reading

DFA’s Perspective on Market Volatility

Check out this video (CLICK HERE) from one of our investment partners, Dimensional Fund Advisors (DFA). It helps to put recent market volatility into perspective. It’s a little long, but worth the time. We hope you find it helpful during these trying times. Continue reading

What to Know About Bear Market Pullbacks

After 11 years, a perfect storm around the new coronavirus has pushed markets into bear territory. The World Health Organization officially declared the COVID-19 outbreak a pandemic, markets were disappointed by government policy responses, and containment measures increased as cases continue to rise globally. Continue reading

March 6, 2020 Weekly Market Recap

Believe it or not, after all the volatility this week, the S&P 500 and Dow Jones actually gained ground, adding 0.6% and 1.8% respectively. The week’s positive change masks the fact that the S&P 500 bounced around a 235-point range since last Friday. Continue reading

Coronavirus Update

What’s the old saying in Texas? “If you don’t like the weather, just wait a minute.” That’s what watching this market is like. We’re experiencing record ups and downs on a daily basis. But, as Mike Booker stated yesterday, “this storm will pass.” Continue reading

The Underlying Bond Rally

The coronavirus remains the focus, as the market took another gut punch today (03/03/2020) right after yesterday’s historic gain. To probably no one’s surprise, the roller coaster continues. Investors are reacting to headlines on the spread of the coronavirus around the globe, now officially known as COVID-19, as well as recent mixed economic data. After a relatively calm year for the markets in 2019, it’s important to maintain perspective and stay disciplined. Continue reading

State of the Markets and Rebalancing Your Portfolio

Now that’s what you call volatility! And what a difference a day makes. Monday, in a dramatic reversal from last week’s steep losses, the US stock market posted its best performance in more than a decade. The Dow Jones Industrial Average surged 1,293.96 points (+5.1%) in its biggest one-day percentage gain since 2009, and its biggest point gain ever. Continue reading