Market Updates

While Tuesday was a day of reprieve, Wednesday faced a resumption of selling on Wall Street. Yesterday saw the Dow Jones Industrial Average climb 1,167.14 points, only to roll over and drop by 1,464 points today. This session’s selling was significant in that it... Read More →

I said the same thing when the market closed today that I’ve said after every round of golf I’ve ever played: “Wow, glad that’s over!” The Dow Jones Industrial Average and the S&P 500 both fell a little more than 7.5% today – record... Read More →

In addition to combing thru the latest news on the Covid-19 Coronavirus over the weekend (I have found this website/heatmap to be very helpful, by the way: https://www.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6), you have likely seen/read about a conflict of an entirely different construct: an oil price war... Read More →

When I sent out the market recap on Monday evening, I closed on an optimistic tone, siting the probabilistic tendency of the S&P 500 to stage a recovery after a day of significant selling.  That did not happen. Each day this week, the Dow... Read More →

News over the weekend that focused on the escalation of coronavirus cases and, perhaps more concerning, the expansion of geographies across which those cases have been sited, catalyzed a significant decline in global stock markets today. In fact, for many indices, this was the... Read More →

The Federal Open Market Committee unanimously voted today to keep the Fed Funds target range unchanged at 1.5-1.75%.  This inaction was widely expected by market participants and, according to the FOMC Statement, little has changed in the Committee’s economic view. The link here shows the... Read More →

2019 Review: Strong returns for stocks continued in the 4th quarter of 2019, capping off one of the best years in recent memory. The S&P 500 gained +31.49% on a total return basis for the year.  Following a brutal 4th quarter (especially the month... Read More →

The stock market has begun this week in similar fashion to how it ended the last: poorly. Last week saw declines of 2.6% for the Dow Jones Industrial Average and almost 4% for the Nasdaq. Today, both of those indices fell by around 3%... Read More →