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Market News – Week of January 22nd, 2018

LOW VOLATILITY CONTINUES WITH NO SIGNS OF STOPPING: It has been 392 days since the last time the S&P 500 pulled back 5% or more. The record is 394 days set in the mid-90s. The average is 92 days. MARKETS SHRUG OFF GOVERNMENT SHUTDOWN: The S&P 500, and other U.S. indices, hit fresh record highs…

January 22, 2018

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Market News – Week of January 15th, 2018

Market News

CONTINUED OPTIMISM FUELS STOCK MARKETS: Stocks rose again last week as most major indices rose well above another 1%. Optimism around a steadily expanding U.S. economy and expectations that corporations are going to post strong fourth quarter earnings reports is fueling the markets. RETAIL SALES INCREASING: Retail sales in December were 5.4% better…

January 15, 2018

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Investment Update From James C. Baird, Chairman | Founding Principal

Investment Update

January 11th, 2018 Dear Valued Clients & Friends: Market and Portfolio Update – January 2018 Economic Update 2017 equity markets surprised many investors, as synchronized global growth spurred by continued monetary and fiscal stimulus produced strong returns with historically low volatility. The year saw a governing change in the U.S., with one party controlling…

January 12, 2018

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Market News – Week of January 8th, 2018

Market News

SLOWER MONTH FOR NEW JOBS ENDS A SOLID EMPLOYMENT YEAR: In December, the U.S. economy added 148,000 new jobs. Employers added jobs in manufacturing, construction and health care, but not retail. December was the 87th straight month in which the economy has added jobs, the longest such stretch ever. For the year, the economy added…

January 8, 2018

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Market News – Week of January 1st, 2018

Market News

HOLIDAY RETAIL SALES: U.S. retailers enjoyed their best holiday season since 2011. Sales increased 4.9% over last year. Online retail shopping increased 18.1%! Even specialty apparel and department stores experienced modest gains. Black Friday was the biggest single sales day with December 23 coming in a close second (last minute shoppers). HOME PRICES MOVING UP:…

January 2, 2018

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Market News – Week of December 25th, 2017

Market News

A NEW TAX LAW IS HERE: The new tax law was signed by President Trump last week. For a recap of the law, see last week’s edition of MacGray Matter by clicking here. For a good, online tax calculator to compare how your taxes might change next year, go to the Wall Street Journal online…

December 27, 2017

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Market News – Week of December 18th, 2017

Market News

FED RAISES RATES AGAIN: Showing continued confidence in the direction of the economy, and in its continued attempt to get the Federal Reserve bank to a healthier position, the Fed raised its benchmark interest rate for the third time in 2017. It raised its short-term rate by one quarter of a percentage point up to…

December 18, 2017

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Market News – Week of December 11th, 2017

Market News

U.S. JOB MARKET CONTINUES TO STRENGTHEN: In November, the U.S. economy added 228,000 more jobs. In the past 12 months, 2.07 million new jobs have been added. The unemployment rate stayed the same at 4.1%. The Labor Force Participation Rate stayed the same at 62.7%. Wages rose at an annualized rate of 2.5% in November,…

December 11, 2017

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Market News – Week of December 4th, 2017

Market News

A NEW TAX LAW?: We have been very reticent to comment on the various efforts to pass new tax legislation because we don’t want to jump the gun, but it is now looking like the Congress is going to cross the finish line on this one. The Senate passed a bill this week, and the…

December 5, 2017

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Market News – Week of November 27th, 2017

Market News

STOCK PRICES POWER EVEN HIGHER: Synchronized global growth, an expanding U.S. economy, and strong corporate profit reports seem to be enough to convince stock traders that the rally can continue even further. The S&P 500 closed above 2600 for the first time on Friday. In the beginning of the year, analysts at Bank of America…

November 27, 2017

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