Month: August 2018

August – 2018 Newsletter

One could argue the stock market had a relatively good month in July, but that’s only because the bar for the year has been set pretty low. After plunging to 24,117 on June 27, the Dow Jones Industrial Average clawed its way back up to a high of 25,527 by July 26 before leveling off again. In the meantime, volatility remained high as Wall Street continued to closely watch the impacts of Donald Trump’s trade policies and the Federal Reserve’s moves around interest rates.

July – 2018 Newsletter

The last month of the second quarter played out very much like the preceding four months: with record volatility in the overvalued stock market, long-term interest rates holding at their resistance level, inflation still below 2 percent, and the Fed pretending not to notice any of it.

The Dow Jones Industrial Average opened June at 24,635 and finished nearly 400 points down from that, but in between, it climbed nearly 700 points higher and fell more than 500 points lower.1 The S&P 500 and Nasdaq were equally volatile, thanks mainly to escalating concerns over Donald Trump’s trade policies and the threat of a full-blown trade war.