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January 4, 2019
Just as everyone was settling in for a long winter’s nap, things started going haywire. Stocks, oil and interest rates all rolled over beginning in late September/early October and dove deep as the 4th quarter progressed. By the end of December, what was shaping up to be another good year for...
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December 10, 2018
Equity markets continued their downward pressure last week, pausing briefly on Wednesday to mourn the passing of President George H.W. Bush. One excuse was that the 90-day delay in the imposition of additional US-China trade tariffs may not allow enough time to reach an acceptable resolution. The...
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November 23, 2018
Anyone paying attention to the market lately may have had a case of indigestion at their Thanksgiving meal yesterday. Equities continued the sell-off that began in October as worried investors sold shares fearing the world’s economies are slowing in the wake of trade concerns, rising interest...
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November 5, 2018
October produced the first correction in U.S. equities since a similar sell-off that began in late January of this year. After hitting all-time highs in the third quarter of 2018 the S&P 500, a measure of large U.S. companies, dropped 9.84% and the tech-heavy NASDAQ index fell 13.1% before...
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October 25, 2018
The incredible $1.6 billion Mega Millions jackpot was finally won this week by someone purchasing a single ticket in South Carolina. I’d be willing to bet $1.6 billion the winner wasn’t you. In lieu of a 30-year annual payout, the winner can choose a lump sum of about $878 million (before taxes...
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October 3, 2018
As expected, the Federal Reserve Open Market Committee (FOMC) hiked the fed funds rate at their September 26th meeting by 0.25% to a target range of 2.0%-2.25%. This marks the 8th increase since the process started in December 2015 with current bets on one more hike in December, another three next...