February 2024 Market Update

The first month of 2024 ended up being more of the same from last year.   In January, the Fed kept rates unchanged, the Jobs reports and the labor market remained very strong, and the consumer continued to carry this economy.  For us, the big news was 4th qtr GDP came in at +3.3%, and 2.5% annualized…

Continue reading...

January 2024 Market Update

Happy New Year & Welcome to 2024! Before we look to what this year may bring, let’s recap the rollercoaster that was 2023. For starters, who had the Dow (DJIA) hitting an all time high for 2023? It’s ok if you didn’t, you certainly weren’t alone. Coming into 2023, nearly 100% of economists surveyed were…

Continue reading...

December 2023 Market Update

August, September, & October really tested investor’s patience with back-to-back declines into correction territory.  November, however, put a definitive stop to that…and just in time for the holidays too! All 3 stock indexes posted strong returns with the S&P 500 logging one of its best months on record.  (Every sector was up except for energy.)…

Continue reading...

November 2023 Market Update

Well, it’s official:  the markets entered “correction” territory with both the S&P and Nasdaq officially declining -10% from their July highs in the month of October.  Technically the S&P 500 is still up 9% but the DJIA is now negative for the year; for those keeping track, the S&P Equal Weight Index is -4% YTD. …

Continue reading...

October 2023 Market Update

The markets continued their decline for the month of September, logging their worst month since last December and the first back-to-back monthly declines in over a year.  Retail stocks, tech, utilities, REITS, and home improvement stocks (Lowes -10%) were all down significantly.  Even The Magnificent 7 that carried the first half of the year weren’t…

Continue reading...

September 2023 Market Update

We hope you all had a great Labor Day.   Summer is winding down, and apparently, it’s been a fun one if the travel and entertainment numbers are any indication.  Flights, hotels, and cruises all reported booming numbers.  The fun didn’t stop there: Bloomberg reported that they forecast the Taylor Swift & Beyonce summer tours along…

Continue reading...

August 2023 Market Update

  In our May commentary we mentioned the old saying “Sell in May and Go Away!” The adage points to what can sometimes be mediocre market performance in the summer months. Well, we hope you didn’t actually do that because the S&P has climbed another 10% since then! July logged another strong month that now…

Continue reading...

July 2023 Market Update

The first half of 2023 is officially in the books.  So far, we’ve seen an explosion in all things AI, a regional banking crisis, and last month the Fed finally paused hiking interest rates.  After 10 consecutive rate hikes, it’s a welcome breather as inflation has come down notably.  We’d like to think it’s possible…

Continue reading...