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July 8, 2016
That was the question Brits faced in their June 23rd voter referendum seeking an answer as to their desire to remain a member of the European Union (EU) or to leave. Global market volatility increased as we drew closer to the Brexit referendum with stocks gaining ground when polling sentiment was...
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April 5, 2016
The first quarter of 2016 was a classic case of “backing and filling” as one week’s gains seemed to give way to the next week’s losses, which then formed a base for more gains. As much as we would all like to see the stock market, and by proxy our portfolios, continue a calm and steady increase...
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February 10, 2016
One of the more legendary phrases from sports history came in the wake of a scandal by members of the Chicago White Sox baseball team who were accused of throwing the 1919 World Series to the Cincinnati Reds. The phrase “Say it ain’t so, Joe. Say it ain’t so.” was in reference to the team’s most...
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January 19, 2016
The stock market has gotten off to a lousy start in the new year, continuing the trend from 2015. As of this writing we have already experienced a 10% drop that typically defines a correction and only time will tell if we head lower into bear market territory (a decline of 20% or more). The most...
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January 4, 2016
The Federal Reserve finally did what it had been threatening for quite some time. At its December meeting, the FOMC (Federal Open Market Committee) led by Chairwoman Janet Yellen voted to raise interest rates for the first time in over eight years. The new federal funds target range is 0.25% - 0....
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October 5, 2015
After much hand-wringing and Fed watching by investors the FOMC (Federal Open Market Committee) announced at their September meeting they would, yet again, wait a little longer before raising interest rates. A slowdown in China’s economy, global market turmoil and little to no inflation...