GREAT IMAGERY: Two things happen this time of year. The weather begins to heat up, and the baseball season starts. Even for those who do not religiously follow baseball, you can’t help but catch the “hope springs eternal” attitude that warmer weather and a “new beginning” brings. All baseball teams start with a clean slate…
DetailsANXIETY: U.S. stocks were having another positive week until Friday. On Wednesday, the Federal Reserve bank held a press conference following a two-day meeting. The Fed essentially removed a major source of uncertainty by indicating that it will hold interest rates steady for the year. Thursday, therefore, propelled stocks higher. On Friday, the markets could…
DetailsNEW HOME SALES: According to the Census Bureau, 607,000 new homes were sold in January. This is 6.9% below December and 4.1% below January of a year ago. The graph below shows new home sales since 1963. Even with increased sales in the last several years, current rates are somewhat low historically. The supply of…
DetailsNOT SELLING ENOUGH KETCHUP: As you will see below, stocks advanced last week, but it would have been better had it not been for a 30% drop in Kraft Heinz. After reporting a significant drop in earnings followed by the announcement of an SEC investigation into its accounting, the stock price plummeted. There are a…
DetailsSTOCKS RISE AGAIN: Most tech companies have reported their fourth-quarter results, and most have exceeded expectations. This has been one of the fundamental drivers of the stock rally. On Friday, the tech-heavy NASDAQ Composite closed more than 20% higher than its Christmas Eve low. In addition to the tech rally, a trade deal with China…
DetailsTHE RICH GET….YOUNGER: It stands to reason that older Americans would generally be richer due to the time they have to save money. Thus, according to a recent study by Bloomberg, one third of the country’s wealth is retained by those who are 65 and older. The average age of those in the U.S. with…
DetailsBIG JUMP: The U.S. economy added 304,000 jobs in January. This was the 100th straight month of increased employment (see graph below). The consensus expectation was about half that figure. Despite the shutdown, companies kept hiring. The unemployment rate ticked up from 3.9% to 4.0% due to two factors. First, 176,000 government workers on temporary…
DetailsFOUR IN A ROW: U.S. stocks notched their fourth consecutive week of gains last week. Have fears of an economic slowdown subsided? Apparently so, at least for now. Data continues to show a very healthy labor market and the Federal Reserve has lately been indicating flexibility with monetary policy. Both factors seem to have ignited…
Details2019’S GOOD START: All major U.S. stock indices had a strong week, continuing what has been three weeks of solid and steady growth since the December swoon. Next week, major companies will begin to report their fourth-quarter earnings, and most analysts have downgraded their forecasts due to trade uncertainty. We will see how actual results…
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January 11, 2019 Dear Valued Clients & Friends: 2018 Year-End Market Commentary It is our profound pleasure and honor to work with all the individuals, families and institutions represented by the Compass Ion Advisors client base. You each mean a lot to us, and we are always striving to improve at exercising our…
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