The Christmas Bear, Part 1

The Christmas Bear, Part 1

The past few months have been less than kind for stocks, but December has been outright awful. As with any newsworthy selloff, the pundits have been attributing this to a whole host of reasons. With all the volatility and bad news, it’s easy to get overwhelmed trying...
Hitting the Wall

Hitting the Wall

We’ve been saying for a while that one of the big headwinds facing the stock market was going to be higher interest rates. But despite strong economic growth, falling unemployment and the Federal Reserve tightening monetary policy, interest rates have been stubbornly...
This Means War (Maybe)

This Means War (Maybe)

As we noted in our last newsletter, the volatility that had returned to the stock market this year has been principally driven by the specter of higher interest rates and a trade war with what seems like the rest of the world. While interest rate concerns are still in...
This Means War (Maybe)

This Means War (Maybe)

As we noted in our last newsletter, the volatility that had returned to the stock market this year has been principally driven by the specter of higher interest rates and a trade war with what seems like the rest of the world. While interest rate concerns are still in...
The Christmas Bear, Part 1

A Remarkable Year for Stocks

The closely followed Dow Jones industrial average and Standard & Poor’s 500 index had a remarkable year in 2017. The Dow gained an impressive 25% while the S&P 500 rose 19%, their best years since 2013. The tech-heavy Nasdaq was the clear winner for the year,...
Hitting the Wall

Year of the Large Cap

Since last year’s presidential election, the stock market has been on an absolute tear. Most of the major U.S. stock averages are up roughly 17% since then. The biggest chunk of these gains came immediately after the election in November. However, just as the market...