With market volatility like we saw last week, we know everyone is wondering if this is the beginning of a prolonged sell off or even an economic recession. Here are a few key observations we see that lead us to believe this is a pause, and that the stock market is likely to reach higher market highs in the near future. A few bullish points you may find interesting While the cost of credit is getting more expensive, the supply of credit is plentiful and demand is robust. Bear markets typically … View More
After a big reversal from yesterday’s down opening, stocks recovered quite nicely to close modestly lower. "Stocks ended sharply lower today, as losses accelerated into the close and put both the Dow and the S&P 500 into the red for the year, and the Nasdaq into correction territory. Upbeat results from Boeing Co. were credited with briefly pushing the Dow higher in early morning trading, before investors took an increasingly defensive stance, fleeing for the relative safety of utilit… View More
Companies including Adobe, Goldman Sachs, Johnson & Johnson and Procter & Gamble reported strong earnings last week. Notably, Procter & Gamble reported that high demand, rather than price increases, drove its strongest quarterly sales growth in five years. Of the S&P 500® companies which have so far reported earnings, approximately 90% have exceeded analyst estimates. Company commentaries reveal the limited impact of tariffs to date while concerns remain if the impasse con… View More
September and October are traditional the most volatile months of the year. History shows us the largest one day percentage drop in history was 31 years ago, known as Black Monday, on October 19, 1987. On that day, stockbrokers in New York, London, Hong Kong, Berlin, Tokyo and just about any other city with an exchange stared at the figures running across their displays with a growing sense of dread. A financial strut had buckled and the strain brought world markets tumbling down. However, mar… View More
U.S. stocks slumped to close sharply lower today as the Dow Jones Industrial Average sank more than 800 points and the S&P 500 had its worst day since February as technology stocks went into a freefall. Investors were spooked by rising bond yields dumped equities in all sectors, triggering a broad market rout. The Dow Jones Industrial Average DJIA, -3.15% skidded 831.83 points, or 3.2%, to 25,598.74, logging its worst one-day drop since February. The S&P 500 index lost 94.66 points, o… View More