3rd Quarter 2019 Newsletter
Below please find our 3rd Quarter 2019 Newsletter. Enclosed you’ll find articles on the state of the markets, financial planning, and investing.
The R Word
I want to get this out right off the bat – recessions are a part of the business cycle, thus part of every investor’s investing life. They occur every 4-10 years, so we must expect them. Some clients and financial pundits feel that we are on the precipice of a new recession.
October 11, 2019 Weekly Market Recap
The stock market endured a volatile start to the week, but a strong second half helped the major averages secure gains. The S&P 500 rose 0.6% while the Nasdaq Composite outperformed, gaining 0.9% since last Friday.
The Power of Compound Interest
Albert Einstein called compound interest “the eighth wonder of the world.” He went on to say, “He who understands it, earns it; he who doesn’t, pays it.”
October 4, 2019 Weekly Market Recap
The markets staged an impressive comeback rally on Friday, though the S&P 500 still declined 0.3% for the week. Several economic reports reawakened growth concerns and contributed to heavy selling, but the market was able to end the week on a positive note following decent employment data for September. The Dow Jones Industrial Average lost 0.9%, and the Russell 2000 lost 1.3%. The Nasdaq Composite increased 0.5%.
4th Quarter of 2019 Begins
It was only one year ago that the stock market began tumbling nearly 20%. Investors and economists were worried about the Fed over-tightening interest rates, trade wars dooming the global economy, and the business cycle swiftly ending in a recession.
September 27, 2019 Weekly Market Recap
The major U.S. indices lost ground this week, as the market appeared rattled by negative-sounding headlines related to trade and politics. The Dow Jones Industrial Average declined just 0.4%, but the S&P 500 (-1.0%), Nasdaq Composite (-2.0%), and Russell 2000 (-2.5%) posted sizable losses.
4 Avoidable Financial Errors for Millennials & Gen X
First off, lets clarify any confusion between the terms Gen X and Millennials. Generation X is currently age 40 to 54 (born between 1965 and 1979). Millennials (also known as Generation Y) are currently age 24 to 39 (born between 1980 and 1995).
September 20, 2019 Weekly Market Recap
The past week was rife with noteworthy developments, but movement in the market was limited. The S&P 500 shed 0.5% while the Dow Jones Industrial Average fell 1.0%.
How the Saudi Oil Disruption Affects Us
Over the weekend, attacks on Saudi Arabia’s oil facilities disrupted 5.7 million barrels per day of production, approximately 5% of the world’s daily output. Oil prices have spiked (+15%) as a result, with the administration authorizing the use of the Strategic Petroleum Reserve and hinting at possible military action. For investors, headlines such as these may naturally spark concern.
September 13, 2019 Weekly Market Recap
The stock market extended its winning streak to three weeks, with value-oriented sectors leading the market closer to all-time highs. The S&P 500 (+1.0%) climbed back above the 3,000 level while the Dow Jones (+1.6%) rose back above 27,000.
What To Make Of Last Week’s Jobs Report
With the markets fluctuating on a day-to-day basis from headlines such as U.S.-China trade and Federal Reserve monetary policy, it’s important to maintain perspective on the overall health of the U.S. economy.
September 6, 2019 Weekly Market Recap
The stock market rallied for the second straight week, supported by developments in trade, politics, and encouraging economic data. The S&P 500 (+1.8%), Nasdaq Composite (+1.8%), and Dow Jones Industrial Average (+1.5%) each increased at least 1.5%. The Russell 2000 (+0.7%) trailed its larger-cap peers.
August 30, 2019 Weekly Market Recap
The S&P 500 rose 2.8% this week, snapping a four-week losing streak as the market turned more optimistic on trade dealings with China. The Dow Jones Industrial Average increased 3.0%, the Nasdaq Composite increased 2.7%, and the Russell 2000 increased 2.4%.
IPO Profiles Are High – What About Returns?
Initial public offerings (IPOs) often attract initial public interest – especially when familiar brands become broadly available to investors for the first time.
