CAN’T SHAKE THIS VIRUS: The U.S. stock markets finally succumbed to the virus this week. After a mostly flat week, markets declined sharply on Friday when China’s National Health Organization reported more than 75,000 confirmed corinavirus cases and over 2,000 deaths on the mainland. South Korea reported over 200 cases. Now, even if the virus…
DetailsU.S. MARKETS SHAKE OFF CORONAVIRUS: I assumed that if the coronavirus news kept getting worse, U.S. stocks would suffer. Factories have closed, spending has been curbed and supply chains disrupted in the world’s second largest economy. U.S. stocks are being affected, but not by much. Among the S&P 500 companies, 5.8% of sales are generated…
DetailsCORONAVIRUS BRINGS A VERY STRONG WEEK TO A HALT: U.S. stocks enjoyed a four day winning streak until Friday when Coronavirus fears came back into focus and ended it. The virus is beginning to impact China’s economy, and that has markets worried. Estimates for China’s GDP growth are now being lowered. Up until Friday, continued…
DetailsWATCHING AN OUTBREAK: We have seen this movie before. In real life, we have seen flu outbreaks originate from the Far East as well as SARS. There have also been lots of movies on this subject, so it is easy to imagine the worst. As the spread of this disease unfolds, and more facts come…
DetailsI COULD NOT HAVE SAID IT BETTER MYSELF: I read an article by Paul Merriman on MarketWatch’s website this week. The title was “The No. 1 Secret to Long-Term Investment Success.” Before you read on, stop and see if you can think of what he says it is……Okay, time’s up. He says, “The key to…
DetailsHERE COME THE NEW HOMES: “Housing starts” measures the number of new residential construction projects begun in any particular month. Housing starts in December were over 16% better than the month before, and 40.8% better than December of 2018. December’s number was the highest it has been since December of 2006 (end of the bubble). …
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Dear Clients and Friends: 4th Quarter Market Commentary: Equity Markets Going into 2019, few investors expected global equities to recover all the value lost in Q4 of 2018, and eclipse previous market highs that were set in January of 2018 by 8.0%. As has been the story of the current economic expansion, this…
DetailsTHE OLD YEAR ENDS WITH GREAT NUMBERS AND THE NEW YEAR BEGINS: We had another holiday-shortened week which included portions of both 2019 and 2020. For the week, stocks were down a tad (the S&P 500 was down 0.2%). This was largely due to the dip in prices on Friday. That decrease was caused by…
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