Investment Review – December 2018

December 12, 2018 Investment Review
Stack of coins

The stock market treated us to another volatile month in November. Indices squeaked to a positive close thanks to a rally in the last week. In November, the Dow Jones Industrial Average rose 1.7%, the S&P 500 gained 1.8% and the Nasdaq Composite rose .3%. Stocks are up this year through November month-end, although indices remain well off […]

Read More

Economic Outlook – December 2018

December 12, 2018 Economic Outlook
Positive Economic Trend Graph

The U.S. economy has maintained steady growth and the outlook suggests continued growth. Third quarter 2018 gross domestic product (GDP) grew at an annualized rate of 3.5%, 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. The U.S. […]

Read More

Investment Review – November 2018

November 14, 2018 Investment Review
Stack of coins

Equities experienced a rapid and volatile correction in October. The Dow Jones Industrial Average dropped -5.1% and the S&P 500 declined -6.9%. The Nasdaq lost -9.2%, as the technology sector became a focal point of the selling during the month. While the indices rebounded from their worst levels at month’s end, they have given back much […]

Read More

Economic Outlook – November 2018

November 14, 2018 Economic Outlook
Positive Economic Trend Graph

U.S. Gross Domestic Product (GDP) grew at an annualized rate of 3.5% in the third quarter (Q3) of 2018. Bolstered by a robust employment environment, consumer spending led the way as personal consumption expenditures rose by a better than expected 4.0%. Government spending was also an important contributor to growth in Q3, in particular defense outlays which […]

Read More

Investment Review – October 2018

October 17, 2018 Investment Review
Stack of coins

U.S. stocks rose for the sixth straight month in September, ending near all-time highs and helping the benchmark index post the biggest quarterly gain (7.2%) in five years. Strong earnings growth and a range of positive economic data in the U.S. helped investors tune out political risk. This fueled the outperformance of domestic stocks over […]

Read More

Economic Outlook – October 2018

October 17, 2018 Economic Outlook
Positive Economic Trend Graph

Boston Federal Reserve’s President said he backs the U.S. central bank’s strategy of hiking Fed Funds rates gradually to head off a problem later on, excess inflation. In a recent speech in Boston, Eric Rosengren said that he expects the nation’s low unemployment rate to fall even further, creating the “risk of rising inflation or increasing financial stability […]

Read More

Supporting the NEHGS Fall Dinner Honoring David Hackett Fischer

September 25, 2018 Announcements

Welch & Forbes is proud to announce our support as a benefactor for the New England Historic Genealogical Society’s Fall Family History Benefit Dinner honoring Pulitzer Prize-winning historian and author David Hackett Fischer taking place at the Four Seasons Hotel on Thursday, October 25, 2018. The 5:30pm patron reception, prior to the 6:00pm general reception, is planned to honor President General of the […]

Read More

Dan Gorman Joins The Firm

September 20, 2018 Announcements
Dan Gorman

We are pleased to announce Daniel R. Gorman has joined Welch & Forbes LLC as a Portfolio Manager. Dan has 14 years of experience in the investment industry. Prior to joining Welch & Forbes in 2018, he was Director and Portfolio Manager for Thomas Partners Inc. Previously, he was a Portfolio Manager in the High Net Worth […]

Read More

Investment Review – September 2018

September 14, 2018 Investment Review
Stack of coins

The major U.S. stock indexes advanced in August. The Dow Jones Industrial Average increased by 2.2%, the S&P 500 was up 3.1% and the Nasdaq Composite advanced 5.7%. The bull market became one of the longest on record. The S&P 500 marked 3,462 days since the March 9, 2009 low through the end of August. The […]

Read More