MODEST LOSS: For the week, stocks notched a modest loss. Although the end result was rather boring, it was nothing but boring on the way to a week with less than a 1% loss in the S&P 500. On Wednesday, stocks had their worst day all year. The reasons were the yield curve inversion (more…
DetailsTHE U.S. ECONOMY GROWS AT 2.1% RATE IN THE SECOND QUARTER: The following are second quarter GDP growth predictions that came out in the last couple of weeks: Merrill Lynch 2.3% Goldman Sachs 1.4% New York Fed 1.4% Atlanta Fed 1.6% Last week, the U.S. Bureau of Economic Analysis announced that U.S. GDP increased at…
DetailsA QUARTER OF A PERCENT ISN’T GOOD ENOUGH?: Somehow, investors got it in their head that the U.S. Federal Reserve is going to lower interest rates by one half of one percent during its July meeting. As a result, when the Fed signaled this week that a quarter of a percent rate cut was more…
DetailsNEW HEIGHTS: The Dow Jones Industrial Average topped 27,000 for the first time this past week, and it kept climbing, closing the week at 27,332. The S&P 500 closed above 3,000 for the first time ever on Friday. Fears of recession appear to have abated, helped by the Fed which has been indicating since early…
Details
July 9, 2019 Dear Clients and Friends: 2nd Quarter Market Commentary June performance ended the second quarter on a positive note. The S&P gained 7.05% for the month and finished the 2nd quarter up 18.5% for the year. Below is a summary of major stock and bond index performance for the 2nd quarter…
DetailsJUNE JOBS JUMP: For the month of June, the U.S. economy added 224,000 new jobs. The unemployment rate increased from 3.6% to 3.7% due largely to about 300,000 more people joining the job market. Wages had a six cent per hour gain, and currently wages are about 3.1% higher than a year ago. …
DetailsSTOCKS ENJOY ROBUST FIRST HALF GROWTH: The S&P 500 just registered its best first half of a year in 22 years. Although U.S. stocks were slightly down this week, they ended the first half of the year solidly recovering from the very poor fourth quarter of 2018. This bounce was largely influenced by the U.S.…
DetailsTHE FED IS NO LONGER “PATIENT”: In recent statements by the U.S. Federal Reserve Bank, Chairman Powell has used the word “patient” when discussing how the Fed is looking at data with regard to whether it will entertain any rate cuts. The word “patient” was not included in last week’s statement by the Fed, and…
DetailsBOUNCING MARKETS END THE WEEK POSITIVE: This week, gains in shares of energy companies and some soaring initial public offerings helped increase stock prices overall. Rising tensions in the Middle East and tepid economic data kept things in check, and the week ended barely positive. After a difficult May, in which prices dropped approximately 6%,…
DetailsONLY 75,000 NEW JOBS: For the month of May, only 75,000 new jobs were added to the economy, a record 104th straight month of gains. This was well below general expectations. The unemployment rate remained the same at 3.6%. So far, the economy has added 820,000 new jobs through May of 2019. At this time…
Details© Copyright 2008-2018 Compass Ion Advisors, LLC. All Rights Reserved
Securities offered through APW Capital, Inc., Member FINRA/SIPC. 100 Enterprise Drive, Suite 504, Rockaway, NJ 07866 (800)637-3211. | finra.org
Certain representatives of Compass Ion Advisors are also Registered Representatives offering securities through Comprehensive Asset Management and Servicing, Inc., Member FINRA/SIPC
100 Enterprise Drive, Suite 504 | Rockaway, NJ 07866 | (800) 637-3211
Check the background of this firm on FINRA’s BrokerCheck.