Investment Review – October 2019

October 11, 2019 Investment Review
Stack of coins

For the month of September, the Dow gained 2%, the S&P advanced 1.7% and the Nasdaq added 0.5%. For the quarter, the Dow and the S&P 500 both rose 1.2%, but the Nasdaq fell 0.1%. Mid-sized companies had a very strong month with a 3.1% increase. Broad based European indices performed slightly better than US, with a […]

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Economic Outlook – October 2019

October 11, 2019 Economic Outlook
Positive Economic Trend Graph

U.S. economic growth slowed in the second quarter, updated figures confirm, and slow growth should persist through the end of the year. GDP grew at a 2% annual pace from April through June, unchanged from the previous estimate. Consumer outlays account for almost 70% of all U.S. economic activity in the U.S. and households have been […]

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Investment Review – September 2019

September 19, 2019 Investment Review
Stack of coins

The major U.S. stock indexes declined in August. The Dow Jones Industrial Average fell by 1.7 percent, the S&P 500 was down 1.8 percent and the Nasdaq Composite finished the month down 2.6 percent. Treasury yields accelerated their three-month decline as uncertainty caused investors to seek safe havens. The 10-year Treasury yield fell to 1.5 percent, […]

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Economic Outlook – September 2019

September 19, 2019 Economic Outlook
Positive Economic Trend Graph

Economic growth appears to be moderating as data from services and manufacturing diverge. The Conference Board Leading Economic Index (LEI) for the U.S. improved 0.5 percent in July to 112.2 (2016 = 100), reversing the decline in June. Housing permits, unemployment insurance claims, stock prices and the Leading Credit Index, drove the improvement. The manufacturing sector […]

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Barron’s Ranks W&F Among The Nation’s Top 50 Registered Investment Advisors

September 18, 2019 Announcements
print press

Welch & Forbes LLC is proud to be recognized as a top 50 Registered Investment Advisor in the United States for Barron’s 2019 rankings. The firm is #30 on the publication’s list of the nation’s top 50 registered investment advisors. If you would like to speak with Welch & Forbes regarding the list, call Ed Sullivan, Vice President, at 617-557-9800, or email […]

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Wealth Management Breakfast Reception in Needham

September 11, 2019 Announcements
north hill event header

Welch & Forbes team members Naomi T. Dalessandro, CFA (Portfolio Manager) and Edward J. Sullivan, JD (Director of Client Development) will participate in a Wealth Management Breakfast Reception at North Hill Retirement Community in Needham, MA on Thursday, September 26 from 10:00am to noon. See the below for more details on how to RSVP to this event: If you […]

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Investment Review – August 2019

August 22, 2019 Investment Review
Stack of coins

The major U.S. stock indexes improved in July. The Dow Jones Industrial Average increased by 1.0%, the S&P 500 was up 1.3% and the Nasdaq Composite advanced 2.1%. Continuing the trend since the beginning of 2018, the U.S. Dollar Index strengthened by 2.5% in July. The Index is used to measure the value of the U.S. dollar […]

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Economic Outlook – August 2019

August 22, 2019 Economic Outlook
Positive Economic Trend Graph

The Conference Board Leading Economic Index (LEI) for the U.S. declined 0.3% in June to 111.5 (2016 = 100), following no change in May, and a 0.1 percent increase in April. This is the first decline since last December. This LEI reading suggests growth is likely to remain slow in the second half of the […]

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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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