Market Updates

We’re only 5 months into 2023 but if I had to summarize this year, so far, it would be the year of disconnects. Let’s start with the economy. April economic data continued to show signs of slowing.  Consumer spending makes up 70% of GDP and has been abnormally high the past couple years but declined…

In our last Market Commentary, we mentioned that it’s typically not the known concerns that hit the markets, but it’s the unknowns that can have the greatest effect.  I think it’s fair to say March ended up being a perfect example of that. I doubt many analysts were worried about banks owning too many US…

February was an uneventful month for the markets but that’s ok because there was plenty of excitement elsewhere.  It’s not every year that we get 75-degree NC weather in mid-February, or one of the more exciting Super Bowls in recent memory, and we can’t forget the Chinese spy balloons, UFO’s & other things we shot…

January was a good month for the markets, a really good month! The S&P 500 had its 2nd best January in 25 years and the NASDAQ has officially entered a new Bull market, now up 20% from it’s lows in October. Preliminary GDP for the 4th Qtr came in at +2.9%, inflation continued lower to…

Happy New Year! Much will be written, studied, and argued in the history books looking back on the past 3 years: a global pandemic that saw the world spend the better part of 2020 completely shut down with unemployment hitting 27%, massive amounts of money distributed to pretty much anyone & everyone, and an economy…

If I told you the stock market just entered a new Bull Market, would you believe me? No? I wouldn’t either, but we’d both be wrong. As of Wednesday, November 30th, the DJIA has rebounded 20% off the lows to start what we technically consider a new Bull Market. November continued the rally up for…

Two things are certain right now:  hearing Mariah Carey’s “All I Want For Christmas” on the radio while I as putting away my Halloween decorations yesterday was absolutley too soon.  The second is that October was a fantastic month for the markets. There was plenty of good news to go around. The DOW had it’s…

Goodbye September! No, really, goodbye. In last month’s commentary, we quoted a statistic that September is the worst month of the year for the markets dating back to 1950. So, while we expected a bit of a pullback, we didn’t expect that much of one! The S&P 500 logged in a whopping-9.34% for the month.…