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A Rising Stock Market, Housing’s Doldrums, and Animal Spirits - March 1, 2019

It’s been a strong start to 2019. In researching this month’s piece, I came across these stats that illustrate market strength.

 

Through Friday, February 24—

 

·         The Dow Jones Industrial Average and the S&P 500 Index are off to their best starts in over 30 years, according to Dow Jones Market Data (MarketWatch).

 

·         We’ve had 8-straight weekly gains for the Dow in 2019, which is the best start since 1964 when the granddaddy of market averages logged 11-weekly gains.

 

·         The Russell 2000 Index^ has rung up its longest-ever weekly win streak to start a year – 8 in a row.

^The Russell 2000 Index is an unmanaged index of 2,000 smaller companies. The index cannot be invested into directly.  Past performance does not guarantee future performance.

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Let's All Go! - February 28, 2019

We will be participating in the Spring Home Improvement Show this year! We understand low temperatures and adverse weather might make getting out of the house difficult this weekend, but please feel free to visit us at our booth in the Expo Center. The hours for the show are 12:00 pm - 8:00 pm on Friday, 9:00 am - 6:00 pm on Saturday, and 10:00 am - 5:00 pm on Sunday. We will be there in booth #80 all weekend. 

Whether you're a client who just wants to catch up or someone we've not met before looking for a little advice, we would be happy to see you there!

Moderation in Economic Growth Confirmed - February 27, 2019

The Chicago Fed’s National Activity Index is comprised of 85 separate economic indicators. It’s far from a household name but offers an excellent summary on the economy.

  • January’s reading was the lowest since May.
  • The 3-month moving average, which smooths out monthly volatility, registered its lowest reading since September 2017.
  • The index is NOT sending a recessionary signal.
  • It is confirming a moderation in U.S. economic growth.

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Ping Pong Match - February 22, 2019

Watching the economic reports drip in is almost like watching a ping pong match. One report is strong, the next is weak, which is followed by good news and another disappointment.

Let’s look at last week’s retail sales report. Per the U.S. Census, which gathers the data, the decline in retail sales in December was the biggest monthly drop since 2009. One word – ugly.

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