Economic Outlook – March 2020

March 12, 2020 Economic Outlook
Positive Economic Trend Graph

 The novel coronavirus – named COVID-19 – dominated the attention of both the media and markets as the month of February unfolded. What is understood to have originated in Wuhan, China in December 2019 had, by the end of February, spread to six continents. How far and wide the virus will spread is still […]

Read More

Investment Review – February 2020

February 13, 2020 Investment Review
Stack of coins

 January was a volatile month of trading, and the market plunged on the last day amid rising fears about the rapid spread of the coronavirus. Overall, the S&P 500 returned -0.04% in January, and the Dow Jones Industrial Average returned -0.89%. The Nasdaq Composite fared better, generating +2.00% during the month. Oil prices fell […]

Read More

Economic Outlook – February 2020

February 13, 2020 Economic Outlook
Positive Economic Trend Graph

 The first estimate of fourth quarter real GDP growth was 2.1%, with positive contributions from consumption, government spending, home building, and exports, partly offset by negative contributions from inventories and nonresidential fixed investment. Consumer spending was much lower than in the third quarter, +1.8% vs. +3.2% in Q3. For the full year 2019, the […]

Read More

Investment Review – January 2020

January 17, 2020 Investment Review
Stack of coins

 In stark contrast to the December decline one year ago, the S&P 500 returned 3.02% for the month, closing 2019’s total return up 31.49%. Consumer spending was robust during the Holiday season. MasterCard Spending Pulse, which tracks consumer-spending tendencies, saw an increase of 3.4% from Nov. 1 through Dec. 24th. This is an impressive […]

Read More

Economic Outlook – January 2020

January 17, 2020 Economic Outlook
Positive Economic Trend Graph

 According to the U.S. Commerce Department, third quarter Gross Domestic Product (GDP) increased 2.1%, above the economy’s growth potential of 2.0%. There was no revision to the estimate published in October. A tempered growth rate since the financial crisis is one of the driving forces behind the elongated bull market cycle. Corporate managers have […]

Read More

Supporting the 2019 Suffolk Law All Rise Panel and Dinner

December 13, 2019 Announcements
Suffolk Law All Rise Event Logo

Welch & Forbes is proud to have supported as a sponsor Suffolk University’s 2019 All Rise Event. The panel and dinner recognized and honored various female Suffolk Law students and alumnae at the Omni Parker House. Suffolk University characterizes the event as the following: “Our history of glass shattering began over eighty years ago with Marian […]

Read More

Investment Review – December 2019

December 12, 2019 Investment Review
Stack of coins

 U.S. stocks closed out November with their largest monthly gains since June. The Dow Jones Industrial Average, S&P 500 and the Nasdaq Composite each rose more than 3% for the month. The indexes set records in the month. An accommodative Federal Reserve and confident consumers have supported current economic growth and expectations for stock […]

Read More

Economic Outlook – December 2019

December 12, 2019 Economic Outlook
Positive Economic Trend Graph

 The U.S. economy has expanded at a moderate, steady rate this year and is headed into the holiday season on solid ground. Third quarter GDP growth was revised upward from 1.9% to a 2.1% annual rate, largely due to strong inventory investment. October durable-goods orders rose 0.6%, more than anticipated, and follow a 1.4% […]

Read More

Investment Review – November 2019

November 15, 2019 Investment Review
Stack of coins

 Equities enjoyed positive returns in October. The Dow Jones Industrial Average rose 0.5%, the S&P 500 climbed 2.9% and the Nasdaq increased 3.7% for the month. Positive trends in employment and consumer spending have stabilized economic growth in the U.S., alleviating fears of a recession and driving the gains. Having increased by $1 trillion […]

Read More

Economic Outlook – November 2019

November 15, 2019 Economic Outlook
Positive Economic Trend Graph

 U.S. Gross Domestic Product grew at an annualized rate of 1.9% in the third quarter (Q3) of 2019. This followed increases of 3.1% and 2.0% in the first and second quarters of 2019, respectively. Important contributors to growth in Q3 were consumer spending and government outlays. Personal consumption expenditures grew by 2.9% while government […]

Read More