Market View January 2019

2018 began with a roar and ended with a Federal Reserve Chairman’s thud. With a strong economy, the stock market was clicking along nicely until Fed Chairman Jerome Powell, during an October 3rd interview, said the Fed was a long way from “neutral” interest rates. In fact, he alluded to the possibility that the Fed might raise rates until they are “restrictive” to economic growth.

Market View July 2018: Pathway to Growth

U.S. GDP, just reported, grew at 4.1% in the 2nd quarter and has averaged 3.1% for the past four quarters. The tax cuts, repatriation, and more friendly business environment has business and consumer confidence at the highest levels in 20 years. The result has been a recent surge in capex spending among businesses small and large.

As the employment rate has surged, resulting in more jobs than job applicants, business has begun to turn to productivity investment. These, along with concerns of debt and trade deficits are the topics for this quarter’s Market View. More significantly, these will be the theme for our investing over the next few months to years.

silhouette of working oil pumps on sunset background

Market View April 2016: 2nd Quarter Outlook

The stock market started off the year exceptionally weak, with all major market indexes down double digit percentages going into the low on February 11. We believe much of the weakness was due to selling by foreign sovereign wealth funds, where the related country’s fiscal budget is heavily affected by the price of crude oil.

Market View January 2016

2015 is now in the books and hopefully the year was personally more rewarding than what the stock markets provided. Markets around the world were down in 2015; many had double digit losses. The NYSE Composite Index was down 6.4% for the year. The beginning of 2016 has not been rewarding either. In fact, the…