Investment Review – September 2017

September 13, 2017 Investment Review
Stack of coins

The major U.S. stock indexes were modestly higher in August. The Dow Jones Industrial Average increased by 0.26%, the S&P 500 was up 0.05% and the Nasdaq Composite advanced 1.27%. The U.S. Dollar Index was virtually flat in August posting a loss in value of 0.02%. The Index is used to measure the value of the […]

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Economic Outlook – September 2017

September 13, 2017 Economic Outlook
Positive Economic Trend Graph

The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.3% in July to 128.3 (2010 = 100), following a 0.6% increase in June, and a 0.3% increase in May. This upward trend suggests the U.S. economy is likely to experience further improvement in economic activity in the second half of the year. Specifically we […]

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Has Investment Advice Changed Over the Last Year?

August 22, 2017 Topics
Investment Advice

The Boston Business Journal recently reached out to investment advisory firms, including Welch & Forbes, after releasing their annual Largest Investment Advisors in Massachusetts listing with the following question: “How has the investment advice you’re currently providing your clients changed, if at all, in the last year?” Welch & Forbes Portfolio Manager Drew Schneller answered their question […]

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Investment Review – August 2017

August 8, 2017 Investment Review
Stack of coins

The major U.S. equity indices posted strong gains in July. The Dow Jones Industrial Average rose 2.5%, the S&P 500 added 2.1% and the Nasdaq Composite increased 3.4% for the month. All three indices either reached or flirted with record highs as the strong economy and expectations of earnings growth bolstered investor confidence. Amazon announced in June […]

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Economic Outlook – August 2017

August 8, 2017 Economic Outlook
Positive Economic Trend Graph

The U.S. economy picked up speed in the second quarter after a slow start to the year. The preliminary estimate for Q2 GDP growth came in at 2.6%, more than double the first quarter’s 1.2% increase. Healthy consumer spending, especially on clothing and furniture, was the most important driver of GDP improvement. Solid business investment was […]

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Supporting the NEHGS Summer Outing

July 13, 2017 Announcements

Welch & Forbes is proud to announce our support as a benefactor for the New England Historic Genealogical Society’s Summer Outing taking place at the heralded Gore Place in Waltham, Massachusetts on Thursday, July 27, 2017. The outing will feature tours of Gore Place and an illustrated talk about related treasures of heraldry in America. Guests […]

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Investment Review – July 2017

July 11, 2017 Investment Review
Stack of coins

U.S. stock indices rallied in June, based on upbeat economic news and corporate profit growth. The Dow Jones Industrial Average gained 1.6%, the S&P 500 was up 0.5%, and the Nasdaq Composite dropped 2.4%. International equity markets were slightly higher. The MSCI Europe Australia Far East Index (EAFE) dropped 0.4% and the MSCI Emerging Markets […]

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Economic Outlook – July 2017

July 11, 2017 Economic Outlook
Positive Economic Trend Graph

Hope for enactment of the Republican led health care reform bill was dampened as the Senate vote was postponed to July 10th. Since the election, stock markets in the U.S. have rallied as investors have responded to President Trump’s campaign promises of economic stimulus, tax reform and regulatory relief. Investors will increasingly look toward the 2018 […]

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Investment Review – June 2017

June 13, 2017 Investment Review
Stack of coins

The major U.S. equity indices posted strong gains in May. The Nasdaq Composite increased 2.5%, the S&P 500 added 1.2% and the Dow Jones Industrial Average rose 0.3% for the month. Better than expected Q1 earnings and improving economic data were the main drivers for the upward move. U.S. crude prices declined approximately 10% over the last […]

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Economic Outlook – June 2017

June 13, 2017 Economic Outlook
Positive Economic Trend Graph

The U.S. economy grew at a faster pace in the first quarter (Q1) than previously reported. The Commerce Department stated that the second revision for Q1 GDP came in at an annual rate of 1.2%, up from 0.7% in the advance estimate. Growth of consumer spending remained modest but was revised up slightly. An already strong business […]

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