2019 Boston Pops on Nantucket Concert

July 11, 2019 Announcements
nantucket pops aerial photo

Welch & Forbes wishes you and your family a happy summer. We are excited to support and attend the annual Boston Pops on Nantucket Concert emanating from Jetties Beach on Saturday, August 10. A signature event every year, the Nantucket Cottage Hospital characterizes the event online as follows: After more than two decades, the Boston Pops on Nantucket […]

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Investment Review – July 2019

July 11, 2019 Investment Review
Stack of coins

U.S. stocks rallied in June as bulls adopted the view that the Fed was moving towards a more accommodative stance on interest rate policy. Investors also found bargains in individual stocks created by May’s trade war-related sell-off. For the month, the S&P 500 gained 6.9%, the Nasdaq rose 7.4%, and the Dow picked up 7.2%. […]

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Economic Outlook – July 2019

July 11, 2019 Economic Outlook
Positive Economic Trend Graph

The U.S. economy grew 3.1% in the first quarter of 2019, according to the second estimate released by the Bureau of Economic Analysis. This was ahead of expectations and the best start to a year since the first quarter of 2015. We expect growth for all of 2019 to be between 2.0-3.0%. The U.S. labor […]

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Investment Review – June 2019

June 25, 2019 Investment Review
Stack of coins

U.S. stock indices fell in May, and have now fallen for six consecutive weeks, the longest losing streak since 2011. The Dow Jones Industrial Average lost 6.7%, the S&P 500 was down 6.6%, and the Nasdaq Composite lost 5.4%. International equity markets were also lower. The MSCI Europe Australia Far East Index (EAFE) lost 5.3% and […]

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Economic Outlook – June 2019

June 25, 2019 Economic Outlook
Positive Economic Trend Graph

The lack of a resolution to trade tensions with China has unsettled the global markets. The longer this trade war continues, the more it will weigh on economic growth. Recent market volatility reflects this uncertainty and is likely to continue until an agreement is reached. Consensus estimates are that already imposed tariffs have lowered GDP […]

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Supporting The Moore Center’s 19th Annual Garden Party

May 23, 2019 Announcements
moore center garden party

Welch & Forbes is proud to announce our support for The Moore Center’s 19th Annual Garden Party taking place at the Brady Sullivan Tower in Manchester, New Hampshire on Thursday, June 20, 2019. The event allows the agency to continue creating opportunities for a good life for individuals with developmental disabilities as well as the children and senior citizens they […]

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Investment Review – May 2019

May 22, 2019 Investment Review
Stack of coins

The major U.S. equity indices all posted gains in April. The Nasdaq Composite increased 4.7%, the S&P 500 added 3.9%, and the Dow Jones Industrial Average rose 2.6%. Following a sell-off in December 2018, the market has regained all-time highs after a strong start to the year. S&P 500 earnings for the first quarter have […]

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Economic Outlook – May 2019

May 22, 2019 Economic Outlook
Positive Economic Trend Graph

The U.S. labor market continued to show strength in April. The unemployment rate is at a 50-year low, employers are hiring at a faster pace and the economy added 263,000 jobs in April. The 3.6% unemployment rate is the lowest since December 1969. The tight labor market has contributed to strong wage growth, with hourly […]

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Investment Review – April 2019

April 23, 2019 Investment Review
Stack of coins

The major U.S. equity indices all posted gains in March. The Nasdaq Composite increased 2.6%, the S&P 500 added 1.8%, and the Dow Jones Industrial Average rose 0.1%. Coupled with the strong returns in the first two months of 2019, the S&P 500 posted its best first quarter performance since 1998. S&P 500 earnings growth ended 2018 […]

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Economic Outlook – April 2019

April 23, 2019 Economic Outlook
Positive Economic Trend Graph

The U.S. economy grew at a slower pace in the fourth quarter (Q4) than previously reported. The Commerce Department stated that the third revision for Q4 real gross domestic product (GDP) came in at an annual rate of 2.2%, down from 2.6% in the previous estimate. Personal consumption expenditures and nonresidential fixed investment rose less than […]

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