Investment Review – May 2018

May 11, 2018 Investment Review
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The major U.S. equity indices were slightly positive in April. The Dow Jones Industrial Average gained 0.2%, the Nasdaq Composite rose 0.1%, and the S&P 500 returned 0.4%. Though the threat of a trade war has been dissipating, inflation concerns have held the market back. S&P 500 earnings growth remains strong. With a majority of […]

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Investment Review – April 2018

April 13, 2018 Investment Review
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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 […]

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Investment Review – March 2018

March 12, 2018 Investment Review
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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 […]

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Investment Review – February 2018

February 9, 2018 Investment Review
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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 […]

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Investment Review – January 2018

January 10, 2018 Investment Review
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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 […]

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Investment Review – December 2017

December 11, 2017 Investment Review
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In November, particularly in the final trading days of the month, investors bid stocks higher on hopes that tax reform legislation would be passed in Washington. On a total-return basis including dividends, the S&P 500 benchmark index rose 2.2% over the course of November, extending its string of monthly advances to a record 13. Over the entire […]

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Investment Review – November 2017

November 8, 2017 Investment Review
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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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Investment Review – October 2017

October 6, 2017 Investment Review
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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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Investment Review – September 2017

September 13, 2017 Investment Review
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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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Investment Review – August 2017

August 8, 2017 Investment Review
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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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