Investment Review – November 2017

November 8, 2017 Investment Review
Stack of coins

October showed another month of gains for the major equity indices. The Dow Jones Industrial Average rose 4.3%, the Nasdaq Composite gained 3.6% and the S&P 500 added 2.2% during the month. Corporate reports for the third quarter are showing better than expected revenue and earnings growth with some effect from the hurricanes. With 80+% of […]

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Economic Outlook – November 2017

November 8, 2017 Economic Outlook
Positive Economic Trend Graph

U.S. Gross Domestic Product (GDP) grew at an annualized rate of 3.0% in the third quarter (Q3) of 2017. In Q3, hurricanes in various regions of the U.S. hurt economic activity, but that impact was offset by overall increases in consumer and business spending. Q3 GDP growth was further helped by increased demand for U.S. goods […]

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Supporting Local Radio: Maine Public

October 20, 2017 Announcements, Media
york maine photo

Our commitment to public media spans throughout New England. We are a proud supporter of Maine Public and recognize their value to all of Maine. We align ourselves with institutions having deep roots in the area, just as you do, and whose patrons are benefactors of these important resources. Below is a sample of our audio spot on Maine Public’s local radio: [NARRATOR] Morning Edition […]

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Investment Review – October 2017

October 6, 2017 Investment Review
Stack of coins

The major U.S. stock indexes gained in September. The Dow Jones Industrial Average increased by +2.1%, the S&P 500 was up +2.1% and the Nasdaq Composite advanced +1.1%. Third quarter earnings estimates are likely too low with earnings estimates rising just +3.7% on expected revenue growth of 4%. Stocks began to rally mid-August as better […]

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Economic Outlook – October 2017

October 6, 2017 Economic Outlook
Positive Economic Trend Graph

GDP growth has been fairly robust. According to the Commerce Department, the economy grew at the fastest rate in two years during the second quarter when the GDP growth rate increased to +3.1%. The Atlanta Fed GDPNow model forecast third quarter growth would be even higher. The model forecast is real-time, updating to reflect each major […]

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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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