February – 2019 Newsletter

[media-downloader media_id=”3986″ texts=”Download PDF” class=”cherry-btn”] Index Month / Year to Date Dow Jones +7.28%  S&P 500 +8.00%  NASDAQ +9.78% Barclay’s Agg +1.06% 10yr UST began the month at 2.68% and finished at a yield of 2.62% We had a partial swap and sold AmTrust preferred securities AFSI 7.5% 9/15/55 (BB+) and purchased Best Buy bonds- …

February – 2019 Newsletter Read More »

January – 2019 Newsletter

The extreme volatility that rocked the stock market in October and November not only continued in December, but got worse. Just before the Christmas holiday, Wall Street was on track for posting the worst year since the height of the Financial Crisis in 2008, its worst December since the Great Depression, and its worst Christmas Eve ever.*

November – 2018 Newsletter

October marked the return of major some major volatility to the stock market for the first time since late Spring. Over two dramatic days, on October 10th & 11th, the Dow shed over 1,300 points, while both the S&P 500 and Nasdaq suffered similar losses.* Volatility continued over the next several weeks, and by October 26th the Dow Jones Industrial Average was down 9% from its record high for the year, while both the Nasdaq and S&P 500 were down more than 10% and officially in correction territory.**

October – 2018 Newsletter

September may have marked the start of fall, but for the financial markets it was a month in which everything seemed to rise. On September 20th, the Dow Jones Industrial Average finally managed to surpass the peak it hit in January and nudged all the way to a new record of 26,743 one day later before leveling off again. On September 18th, the yield on the 10-year Treasury rate surpassed 3 percent for the first time since May, making it to 3.10 percent before dropping slightly again.* Finally, on September 26th, the Federal Reserve raised short-term interest rates for the third time this year, to a range of 2-to-2.25 percent. It also reaffirmed its plan for one more rate hike in December, and as many as three more in 2019.**