[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- …
Markets May Shake Off Bad News for Quite a While… Or Not Things stabilized a bit in the financial markets in January, and both the Dow Jones Industrial Average and S&P 500 enjoyed increases of just over 7% (although all the major indexes are still down from their peak highs).* Overall, the month was certainly …
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.*
Use My 2019 Forecast to Instill Urgency and Start the Year Strong You’ve heard me say it a thousand times, but it bears repeating: the best way to finish a year strong is to start it strong, so keep that in mind as 2019 gets underway. As you get back into the post-holiday groove this …
Financially Speaking, Plain Old Common Sense Can Be Priceless Can you remember the first time your mom or dad talked to you about common sense? Was it right after they caught you climbing out your bedroom window onto the roof of the house, or throwing plastic army men into the toilet? Odds are, you learned …
Be Proactive to Enjoy Real Peace of Mind This Holiday Season Let’s say you’re about to take a long drive to visit an old friend, and you’re looking forward to it. You plan to take a scenic route, listen to music, and enjoy the trip as much as the visit. Now, let’s say that a …
Focus on Pitch Instead of Power When You Are ‘Behind the Power Curve’ There is an equation used by airplane pilots that goes, “Pitch + Power = Performance.” As a commercial pilot and flight instructor, as well as a financial advisor, it occurred to me recently that this formula is a fitting analogy for a …
As Fall Nears, the Markets are a Messy Mix of Good, Bad & Ugly In my experience, people seem to have a more serious attitude about their finances at certain times of year than others. The post-Labor Day period through Thanksgiving is when many people typically reassess their saving and investment strategies and decide whether …
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.**
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.**
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