Stocks – Orderly Pull Back!
The S&P 500 reached a new all-time high, 3588, the Nasdaq Composite did the same, reaching 12,074, both on September 2, 2020. From there, these major stock indexes have pulled back in what I consider, an orderly fashion. No panic for now, just the realization that valuations were getting stretched, the uncertainty of additional stimulus […]
Housing “Cocktail” Drives Prices Higher?
The housing market has been one of the slowest sectors to recover from the doldrums of the 2008 great recession. Over the last couple of months, the numbers suggest a changing trend, at least for now. Add this to your cocktail shaker: record low interest rates, pent up demand from our shutdown, the desire to […]
Markets Higher Last Week… & Pouring Rain Did Not Stop Father’s Day!!!
Recovery, Fast or Slow? We are now over 3 months from the beginning of our economic shut down! Those who are allowed to and ventured out, certainly spent money in May, as retail sales increased far more than expected. There is very little doubt that consumer spending is going to continue increasing, as more states […]
Markets Moving Very Fast!
What a difference 1 week can make! Prior to last week, stock markets were pricing extreme optimism, in my opinion. Last week optimism quickly retreated, at least for now, as the Dow Jones retreated (5.51%), the S&P (4.73%), and the Nasdaq Composite (2.27%). The Russell 2000 Small Cap index led the decline by falling (7.89%) […]
Market Optimism is SKY HIGH!
An amazing 2.5 Million Jobs were added back in May, according to last Friday’s ADP employment report. The crazy part is: economists estimated we’d have a LOSS of over 8 Million Jobs. Certainly, shows that no one can accurately predict the data, except those that guess correctly. A combination of Federal Reserve Monetary Support, Government […]
Warm Weather Breeds Optimism! Plus the “HEROES Act”
I cannot wait until this entire issue in the rear-view mirror, however there is ONE item I’ll truly miss. For the last several weeks, driving to my office or anywhere I needed to go was wonderful from a traffic standpoint. Perhaps it’s me; however I think all of the “crazy” drivers stayed home! As the […]
Is It Time to Re-Open the Economy?!
The understandable battle of whether or not to re-open the economy, and how to do so, is divisive however warranted! Opinions are all over the place. You are hearing them all day long so I won’t be repetitive. I’ve read that well over 50% of the Counties in the United States have actual deaths from […]
Equities Continue to Melt Higher… and What Happens If We Get A Trade Deal?
No surprise hear, that with the talk of a possible trade deal, markets continue to rise. For the week, the Dow Jones Industrial Average moved higher by 1.24%, the S&P 500 .94%. The Nasdaq Composite increased .77% however the small cap Russell 2000 took a small step back, down .10%. Over the pond, stocks didn’t […]
Fed/GDP/Jobs/Earnings – All Viewed Positive!!
Last week I wrote “A lot of stuff this week”. Yes, it was a busy week! The Federal Reserve lowered rates as expected by 25 basis points. This is the 3rd rate cut in 4 months. Many are now speculating the Federal Reserve will be on hold until after the election unless the economic data […]