05 Jul 2023
July 5, 2023

2023 – 2nd Quarter Commentary

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The US stock market continued its bullish trend through the 2nd quarter.  Primarily on the backs of seven tech stocks which heavily outperformed the broader market.  Without the returns of those seven stocks the S&P performance for the year would be near zero.  The Federal Reserve’s efforts to fight inflation by raising interest rates took.. read more →

10 Apr 2023
April 10, 2023

2023 – 1st Quarter

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The Federal Reserve continued to be the driver in the stock market for the first quarter.  The market appeared to have bottomed in October of last year.  The bad news is the uptick was on the back of just ten stocks while the broader market continued to underperform.  That is not a good indication of.. read more →

12 Jan 2023
January 12, 2023

Fourth Quarter Commentary 2022

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Hopefully, you had the safety bar firmly in place for 2022.  The DOW was down 8.8%, the S&P 500 down 19.4%, the Nasdaq down 33.1% and the Russel was down 21.6%.  The only sector to exit the year in the positive was energy. Movement in the stock market was less about fundamentals and more about.. read more →

10 Oct 2022
October 10, 2022

Third Quarter – 2022

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The DOW ended the 3rd quarter down 5.3%, down 25% YTD. The Nasdaq down 30%. The drop in the market is the result of the Federal Reserve’s decision to bring inflation in the US down from 8.6% to 2%.  The FED has a tough fight on its hands.  Inflation is the result of too much.. read more →

12 Jul 2022
July 12, 2022

Second Quarter – 2022

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The first 6 months of 2022 was the worst start of the year for the S&P since 1970.  US stocks are in a bear market. Every recession in the US has started with a big jump in oil and food prices.  We are probably in a recession.  The Federal Reserve is acting to curtail inflation.. read more →