Market Commentary

Earnings Down, But Not Out

January 29th, 2016
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Earnings Down, but Not Out – Q4 2015 results are in from 173 S&P 500 members, who combine for nearly half of the index’s total market capitalization. It’s been a bumpy start to say the least – total earnings for these reported companies are down -1.6% from the same period last year on -1.9% lower revenues (with 72.8% beating EPS estimates and 47.4% coming ahead of revenue estimates).[…]

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Worried About China?

January 22nd, 2016
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Certainly, it’s been a rough few weeks for the markets.  Still, our team cannot urge you enough to Stay Steady – fundamentals still look good. Too many times we’ve seen investors change their asset allocations in an emotional response to selling pressures only to have this do more harm than good.[…]

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China’s Evolving “Drinking Habit” and More…

January 15th, 2016
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Coffee Anyone? – Amidst all the negative rumblings about China’s slowdown and potential impact it might have on the global economy, it’s easy to forget how powerful the rise of the consumer and the middle class is there. A good anecdote for just how powerful this force is – and will become – comes from a recent announcement by Starbucks (SBUX).[…]

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4 Indicators to Watch in 2016

January 8th, 2016
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Certainly, it’s been a tough week for the markets.  Still, we can’t stress enough how important it is to stay steady, know your risk profile, ensure you’re investment allocations match that profile and think longer-term.  Historically, this approach has proven itself out time and time again.[…]

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5 Factors that Impacted the Market in 2015

January 2nd, 2016
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2015 looked a lot like 2011 – the equities markets got off to a solid start, experienced a correction during the summer months, but then couldn’t quite power through to new highs. It was a year of middling returns.
To experience a flat year (or years) within a bull market,[…]

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Junk Bond Bear Market?

December 18th, 2015
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Junk Bond Bear Market? – Since around mid-2014, junk bonds have felt the sting of declines particularly as crude oil prices have fallen. A sizable portion of the high yield market is based in commodities companies’ debt, which has been hit across the board as gas,[…]

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Interest Rates, Crude Oil, U.S. Govt. Funding…

December 11th, 2015
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Interest Rate Hike Next Week? – mark your calendars! On Wednesday, December 16, the Federal Reserve will meet and almost certainly raise interest rates for the first time since June 2006. It’s about time. In our view, and as Mitch has written several times over,[…]

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China Currency, Bank Downgrades, Fed Plans

December 4th, 2015
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China Gets a Seat at the Reserve Currency Table – China’s currency, the yuan, gained inclusion into the International Monetary Fund’s (IMF) Special Drawing Rights basket this week, a move the Chinese central bank has been posturing to achieve for some time.[…]

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Weak Import Data, Paris Aftermath, Tech IPOs…

November 20th, 2015
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Weak Import Data Something to Watch – this late in the cycle, the U.S. economy is a patchwork of strengths and weaknesses but also set for growth on balance. A piece of data released this week raised an eyebrow though – for the first time in a decade,[…]

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“Singles Day”, Big Beer, Crude Oil, and more…

November 13th, 2015
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This week, we’re starting and ending with China as there was some big retail news there and a development that may warrant a short-term “volatility alert”…
“Singles Day” Underscores China’s Resilience – for all the headlines warning of a weakening China,[…]

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