Manufacturing Muscle - September 5, 2018

A closely followed gauge that takes the pulse of U.S. manufacturing hit a 14- year high in August (Institute for Supply Management).

The ISM Manufacturing Index rose 3.2 points in August to 61.3.

  • Readings above 60 are strong.

  • A level of 50 would suggest U.S. manufacturing activity is neither expanding nor contracting.

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Good Tidings - September 4, 2018

A strong economy, a low unemployment rate, a low level of layoffs, and a strong stock market all played at least some role in pushing consumer confidence to its highest reading since late 2000.

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Some Light Reading for your Labor Day Weekend - August 31, 2018

In observance of Labor Day, our office will be closed on Monday, September 3rd, 2018. We will resume normal business hours on Tuesday the 4th. We hope all of our clients and their families have a happy and safe extended weekend!

For those interested in a little light reading over the weekend, please keep reading.

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The Tide - August 29, 2018

On a weekly, monthly, or quarterly basis, the ebb and flow of the tide will sway market sentiment. We see shares rise or fall in response to the tide.

Earlier in the year, the tide, or shorter-term risks, pulled on shares.

  • Trade tensions were a big concern, raising hurdles that blunted still-favorable economic fundamentals.

We’ve seen several periods in recent years when the tide turned against the bulls, temporarily putting up roadblocks.

  • China worries, geopolitical instability, Brexit, and European financial tremors were just some of the hurdles over the last nine years.

When the new risks failed to materially slow the economy and profit growth, favorable fundamentals have reasserted themselves.

  • It’s a shift in the tide.

Investor’s Corner

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Crowning a New Champion - August 27, 2018

It was widely reported last week that the current bull market, which began March 2009, took the title as the longest-running bull market on record. On Wednesday, the broad-based S&P 500 Index3 extended its run to 3,453 calendar days (CNBC), taking the crown from the long-running bull market of the 1990s.

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