Investment Review – April 2018

April 13, 2018 Investment Review
Stack of coins

The major U.S. equity indices all declined in March, making it two straight months of negative returns. The Dow Jones Industrial Average lost 3.7%, the Nasdaq Composite fell 2.9%, and the S&P 500 pulled back 2.7%. Stocks weakened on concerns that the new tariffs would lead to trade wars and worries that the data breach at […]

Read More

Economic Outlook – April 2018

April 13, 2018 Economic Outlook
Positive Economic Trend Graph

The U.S. economy grew at a faster pace in the fourth quarter (Q4) than previously reported. The Commerce Department stated that the third revision for Q4 real GDP came in at an annual rate of 2.9%, up from 2.5% in the previous estimate. Upward adjustments to personal consumption expenditures and private inventory investment were the primary drivers. […]

Read More

Glossary of Fiduciary Terms [60+ Terms]

March 20, 2018 Topics
fiduciary terms image

The terminology used when discussing trusts and estates can often be unfamiliar and our glossary of fiduciary terms is designed to help you understand it better. If you have a question or would like information on any of our services, contact Ed Sullivan, Vice President, at 617-557-9800, or email him at esullivan@welchforbes.com. For a printer-friendly […]

Read More

Investment Review – March 2018

March 12, 2018 Investment Review
Stack of coins

Stronger than expected wage inflation data in the U.S. was the catalyst for a global correction in stocks in the month of February. Technical factors and the unwinding of certain low volatility trading strategies exacerbated the sell-off which reached 10% in nine trading days. The volatility index or VIX, which had been complacent throughout 2017 and […]

Read More

Economic Outlook – March 2018

March 12, 2018 Economic Outlook
Positive Economic Trend Graph

Jerome Powell was sworn in as the 16th chairman of the Federal Reserve on Monday, February 5. He was greeted with a 1,100 point drop in the Dow Jones Industrial average on his first day; the market’s reaction to news of greater than expected wage inflation data. It isn’t clear yet how Chairman Powell will run the Federal […]

Read More

Supporting the NEHGS Family History Benefit Dinner

February 21, 2018 Announcements
nehgs featured speaker banner

Welch & Forbes is proud to announce our support as a benefactor for the New England Historic Genealogical Society’s Family History Benefit Dinner taking place at the Fairmont Copley Plaza Hotel on Friday, April 27, 2018. The dinner’s featured speaker is two-time Pulitzer prize winning author and historian David McCullough, along with 2017 Lifetime Achievement Award honoree and Pulitzer prize winner Stacy Schiff. The event is characterized […]

Read More

Investment Review – February 2018

February 9, 2018 Investment Review
Stack of coins

Stronger corporate earnings, a pick-up in economic growth, and optimism over U.S. tax cuts helped push the stock market to a record close in January. The Dow produced its best January return since 1989 (gaining +5.8%), while the S&P 500 Index registered its best January since 1997 (+5.6%). The Nasdaq Composite logged its best gain in January since […]

Read More

Economic Outlook – February 2018

February 9, 2018 Economic Outlook
Positive Economic Trend Graph

U.S. GDP growth in Q4 fell shy of expectations, coming in at +2.6% (vs. expectations of +3%). Inventories and trade were larger drags than anticipated. The pace of global economic growth remains robust, however, and global forecasts have been moving higher. The Atlanta Fed’s initial forecast for Q1 2018 GDP growth is now at 5.4%. Expectations […]

Read More

Investment Review – January 2018

January 10, 2018 Investment Review
Stack of coins

Stock indices continued their rise in December, at a more modest pace than in November. The Dow rose 1.8%, the Nasdaq Composite edged up 0.4% and the S&P 500 rose 1%. For the year, the three indices outpaced expectations and posted their best gains since 2013. The Dow Jones traded through milestone after milestone, closing out the […]

Read More

Economic Outlook – January 2018

January 10, 2018 Economic Outlook
Positive Economic Trend Graph

The U.S. economy has maintained steady growth and the outlook remains positive. Third quarter gross domestic product (GDP) growth was 3.2%, its fastest pace in more than two years and the first time since 2014 that the economy experienced growth of 3% or more for two consecutive quarters. Estimates for 2018 call for GDP growth […]

Read More