Author: kadon

Although the S&P 500 finished 2.13% higher for the week, the correction’s presence continued to be felt with a decline of more than 1% in the final two days of the week. Fundamentals continue to be positive and the outlook for 2019 remains upbeat. Factset Research Systems Inc provides the following points from this season’s […]

An October Surprise is typically a phrase used in politics to describe an orchestrated event timed to be sprung in the weeks immediately preceding a November election. It is difficult to imagine a surprise this October which could have stood out among this year’s already overabundant supply of orchestrated political events. Instead, we will use […]

The S&P 500 finished the week down 3.94%, settling at 2,658.69. The index is 9.28% below the September 20th all-time high. The correction may well continue with the next test, an additional 3% lower to 2,581.00, its low close on February 8th at the bottom of this year’s earlier correction. Interest rates have done little […]

This weekly update has often explained that a successful financial plan is about focusing on personal goals and the variables in our lives which we can control. Short-term market action is obviously not one of those variables. Weekly market moves will only distract investors. This is not an original thought. Legendary investor, economist and university […]

The S&P 500 lost 5.58% from last month’s record high but is still up 3.50% year to date. Was this the correction that didn’t come during the summer? Was this the beginning of another 10% correction similar to the 10.16% decline we experienced between January 26th and February 8th? Could this be the start of […]

Interest rates moved to new near-term highs last week. The yield on the 10-Year Treasury ended the week at 3.23%, a level not seen since 2011. The backdrop for this move was statements by Federal Reserve Board Chairman, Jerome Powell, which included, “The really extremely accommodative low interest rates that we needed when the economy […]

Stocks were off a tad for the week, but finished the quarter with a gain of 7.7%, as measured by the S&P 500. This pretty much closed the window on the seasonal correction many expected over the summer. Anticipated double digit third quarter earnings growth along with movement toward resolution of trade disputes seemed to […]

Value stocks outpaced growth stocks last week. The S&P 500 moved to new all-time highs, finishing the week up 0.85%, while the NASDAQ Composite remained below its late August highs, closing at 0.28% for the week. Further evidence of the relative strength of value stocks was evident in the 1.51% gain in the S&P 500 […]

Treasury prices declined modestly last week leaving the 10-Year Treasury yield just shy of 3.00%. Economic data announcements continued to support the Fed’s anticipated quarter percent increase in its fed funds rate next week. The 10-year yield is likely heading into a 3.00% to 3.10% range in coming weeks. Equities got their feet back under […]

Stocks lost ground for the week, just the second week in the last ten to close lower. Declines in technology stocks and trade fears lead the indexes to lower. Fixed income yields rose on positive economic data. These mildly interesting facts should mean little to investors, who are intent on executing their plans for decades […]