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stock market

Investing 101

By | Briefs about our Process, The Friday Brief | No Comments

If you’ve invested long enough, it’s almost certain that you’ve been made to feel less than knowledgeable, either by your advisor (unwittingly, of course) or by ‘Mr. Market.’ People invest for as many reasons as there are people. Today’s Brief addresses the purpose of the vast majority of investors; that of saving to replace the paycheck. Some call it retirement, some call it freedom from salary, others refer to it as their second half, and still others call it doing what you really want to do, or were meant to do all along. Whatever you call it, it happens when

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Bulls Pause to Reconsider

By | The Friday Brief | No Comments

The 10% rally in the S&P 500 beginning in early July abruptly turned this past Tuesday as the Fed announced a small downgrade in their assessment of the recovery and as a Chinese government report suggested growth was slowing in that economy. The US recovery has been largely attributed to exports which will decline if China and the global economy drift back into recession. The three-day decline in stock prices this week erased 3.8% from the 10% rally. Treasuries on the other hand continued their multi-month advance as the Fed said they would replace maturing mortgage bonds held on their

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“Steady! Helmsman, Steady. Nay, Nay! Up helm again!” -Captain Ahab in Moby Dick

By | The Friday Brief | No Comments

Approaching President Obama’s Wednesday state of the union address, many expected he would steer a new direction, away from a decidedly liberal agenda toward the center. He obliged with more than a few promises on how he would do just that. He took a clearly more populist/centrist tone, berating bankers, rebuking congressmen and senators for partisan bickering, reminding critics of his many “tax cuts,” and doing it all in his own version of “I feel your pain.” He even nodded to the right on initiatives such as nuclear power and offshore drilling. He urged Congress to pass a new jobs

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The Best Leading Indicator Is Improving

By | The Friday Brief | No Comments

Have you noticed that the stock market is doing consistently better in spite of the continuing dreary economic news?  One reason is that we have largely escaped the first quarter earnings cycle without a single major blowup or negative surprise; corporate earnings are coming in better than expected.  What’s more, analysts have shown no signs of cutting their second, third, or fourth quarter earnings estimates. 

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