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Weekly Market Commentary January 7, 2019

The Markets

Investors will think of the last quarter of 2018 for years to come, but they won’t remember it fondly. The Economistdescribed it like this,

“After a rotten October and limp November, the S&P 500 tumbled in value by 15 percent between November 30th and December 24th. Despite an astonishing bounce of 5 percent the day […]

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Weekly Market Commentary, December 10, 2018

The Markets

We’re off to a slow start.

December is usually the best month of the year for the stock market. It has been since 1950, according to Randall Forsyth of Barron’s, but not so far this year.

Two issues made investors particularly uncomfortable last week which helped trigger a sell-off that pushed major U.S. stock indices lower.

1.      Fading […]

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Weekly Market Commentary, November 5, 2018

The Markets

Stocks recovered some ground last week and then stumbled over unemployment.

Major U.S. stock indices faltered Friday after the Bureau of Labor Statistics (BLS) reported on a popular ‘lagging’ economic indicator – unemployment. (Remember, lagging indicators describe what has happened in the past.) The BLS reported:
“The unemployment rate remained at 3.7 percent in October, and the number […]

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Weekly Market Commentary, October 29, 2018

The Markets

Why did the stock market fall when the economy is doing well?

The answer is that one reflects the past and the other anticipates the future.

Last Friday’s advance estimate from the Bureau of Economic Analysis showed the U.S. economy grew 3.5 percent during the third quarter of 2018. Harriet Torry of The Wall Street Journal reported:
“The economy […]

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