November 2018

Post 1 to 6 of 6

Tis the Season?

Under normal circumstances the markets do well in November and December.  Since 2009, we have not seen normal economic circumstances, and we are playing catch up in uncharted waters.  Normally, in the wake of a recession we see three major strategies taken by Washington to reduce the recession's severity, but after the great recession, we saw just two of the three strategies implemented.  Washington increased spending and lowered interest rates; now, nine years later, we are seeing the result… View More

A matter of perspective

When looking at the market, and its reaction to some of today's news stories, we're compelled to share some perspective.  There is so much talk about the length of the Bull Market and when the next recession will come that it appears some investors may not be able to see the forest for the trees.   One of the TOP TRENDING STORIES today was, Retail disappointments, energy decline hit Wall Street. (1)   "Target Corp said on Tuesday that third-quarter profit missed estimates as investments in i… View More

Markets are starting to reflect the pain of rising interest rates and trade uncertainty

Following a strong earnings season, several factors, including falling oil prices, Brexit, Italy’s controversial budget, tariffs and the Federal Reserve’s likely rate increase, continued to dampen investor sentiment.  All of the major indices fell for the week, the Russell 2000® declined 1.42%, followed by the S&P 500® Index (-1.61%), the Nasdaq (-2.15%), and the Dow Jones Industrial Average (-2.22%).  The decline in oil prices into bear market territory created additional concerns t… View More

Fortem Financial Market Commentary

As you know, market volatility has been on everyone’s mind.  We wanted to update you on our thoughts as to what we believe the source of the volatility is, and when we think it may subside. Strategic market bottoms that give way to durable rallies often begin from a more depressed sentiment backdrop than is currently present. In addition to the timely put/call data (no movement yesterday), we continue to watch the weekly I.I. bull/bear survey for a signal on sentiment.  Optimism has retreate… View More

Elections are behind us (almost) ...

Phew! Now that mid-terms are behind us (well, almost behind us with results still pending in Florida and Arizona), we can start focusing on the Presidential election for 2020! We're kidding, of course. Sort of... With this week's record-setting turnout and enthusiasm, atypical of mid-term election years, both Republicans and Democrats can each claim victory. We would remind you, split governments bode well for equity markets on average, and the S&P 500 has not declined in the 12 months foll… View More

Markets end a four week sell off

The major indices rose last week despite declines on Friday.  Investment sentiment improved as the Russell 2000® Index led all the major indices (+4.33%) followed by the Nasdaq (+2.65%), S&P 500® Index (+2.42%) and the Dow Jones Industrial Average (+2.36%).  Several factors, including strong corporate earnings and job gains, influenced the upturn.  Disappointing earnings reports tended to be company-specific; for example, Apple reported better-than-expected earnings even though iPhone s… View More

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All financial companies choose how they share your non-public personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your non-public personal information. Even when you are no longer our customer, we will only share your non-public personal information as described in this notice. So, please read this notice carefully to understand what we do.

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