Market Updates

Today was a record-setting day in the US stock market, but a record we‘d rather not have set.  The Dow Jones Industrial Average had its largest intra-day point decline of all time today, (going back to 1900), dropping almost 1,600 points before recovering a... Read More →

Happy Super Bowl Sunday!   Particularly to those clients of ours in Philly and New England! I wanted to offer a quick check-in as we wrap up an action-packed week.  Amid the State of the Union address, Janet Yellen’s final Fed meeting and an onslaught... Read More →

If you were to size up the first three quarters of 2017 on news headlines alone, it would likely be considered one of the wildest rides on record……while in actuality it has been one of the dullest years EVER for the financial markets. The... Read More →

US Stocks continued to exhibit strength during the 2nd quarter, finishing the first half of the year with solid positive returns for three major barometers, the S&P 500, the NASDAQ Composite and the Dow Jones Industrial Average.  The S&P 500 closed at 2,423.41 on... Read More →

We have a quick follow-up to yesterday’s post. As expected the FOMC raised the target range for the Fed Funds rate this afternoon by 25 basis points to 0.75%-1.00%.    However, It was not a consensus decision as the President of the Minneapolis Fed, Neel... Read More →

The Federal Open Market Committee (FOMC) of the Federal Reserve Bank is set to announce any change of short-term interest rates tomorrow at 1:00pm CT.  Fed Chair Janet Yellen will speak at a press conference at 1:30pm CT to discuss monetary policy and answer... Read More →

The Federal Open Market Committee (FOMC) of the Federal Reserve Bank meets on 12/14/2016, for the final time this year. They will announce their decision on any alteration of short-term interest rates at 1pm CT and a press conference with Fed Chair, Janet Yellen,... Read More →

As everyone obviously now knows, Donald Trump will be sworn in as the 45th President of the United States in a couple months. His victory was certainly considered a surprise given the read from the pollsters and real-money-betting sites which favored Hillary Clinton when... Read More →