Q2 2023 Market View – Opportunity in Crisis 2023 has started the way 2022 ended – volatile, macro-driven, and full of headlines driving sentiment all over the map. In this issue, we will discuss what we view to be some of the most important topics from the prior quarter, as well as some forecasts for…
Details2022 – Year in Review 2022 was a challenging year for markets, to say the least. As of market close on December 30th, the S&P 500 index closed at 3,840 to finish the year down 18.1%. This marked just the 12th time that the S&P 500 index has finished down double digits and the 7th…
DetailsQ4 2022 Market View This has been a challenging year for markets, to say the least. As of Sept. 30th, the S&P 500 index was down 24.77% year-to-date (YTD) and the Nasdaq was down 32.40%. This has marked the worst year for markets since the financial crisis and one of the worst three quarters on…
DetailsIt’s hard to believe it’s already a new year. As always, each new year brings with it, new goals, new resolutions, and a new fresh outlook. When considering this new year, I am reminded of the Grateful Dead lyrics, “What a long, strange trip it’s been,” since the start of 2022 is starting to look…
DetailsWith COVID, Afghanistan, the southern border, Hurricane Ida, and Congress spending trillions at a time, along with the threat of higher taxes and inflation – Is it reasonable to remain bullish?
DetailsIn our January newsletter, we said that we expected this year will be a re-opening of the economy opportunity.
DetailsA picture of jumping from 2020 to 2021 seems more appropriate than any other New Year picture.
DetailsAs we begin 2020, we would first like to review 2019 and then offer our thoughts for the coming year.
Details“Just released 1st quarter Gross Domestic Product was +3.2%. With almost 60% of the S&P 500 having already reported 1st quarter earnings, over 70% have beaten expectations, with the average beat at 7.5%. Our expectation: full year 2019 GDP will be close to +3%, with nominal GDP at +4.5% to +5.5%.”
Details2018 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.
DetailsU.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.
DetailsIt is likely that you’ve heard (probably many times) that the bull-market is old – one of the oldest in history. 1st, bull markets don’t die of old age and 2nd, this one has been hampered by over-regulation and anti-business sentiment for much of its life.
Details
