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

Supporting the NEHGS Fall Dinner Featuring Historian Joseph J. Ellis

October 24, 2019 Announcements
joseph ellis header photo

Welch & Forbes is proud to have supported as a benefactor the New England Historic Genealogical Society’s (NEHGS) Fall Family History Benefit Dinner held on October 24, 2019. The Fall Family History Benefit Dinner featured Historian Joseph J. Ellis in conversation with NEHGS Lifetime Achievement Award recipient Stacy Schiff at the Four Seasons Hotel. The New England […]

Read More

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 […]

Read More

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 […]

Read More