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 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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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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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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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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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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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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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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The U.S. economy grew 3.1% in the first quarter of 2019, according to the second estimate released by the Bureau of Economic Analysis. This was ahead of expectations and the best start to a year since the first quarter of 2015. We expect growth for all of 2019 to be between 2.0-3.0%. The U.S. labor […]
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U.S. stock indices fell in May, and have now fallen for six consecutive weeks, the longest losing streak since 2011. The Dow Jones Industrial Average lost 6.7%, the S&P 500 was down 6.6%, and the Nasdaq Composite lost 5.4%. International equity markets were also lower. The MSCI Europe Australia Far East Index (EAFE) lost 5.3% and […]
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