Last month was very good for the markets and below is the economic summary for April. As always, if you have any questions or want to discuss more in-depth do not hesitate to give us a call! Sources: Sources: J.P. Morgan Asset Management – Economic Update; Bureau of Economic Analysis (www.bea.gov); Bureau of Labor Statistics (www.bls.gov); Federal Open Market Committee...
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Financial Resources & News
Monthly Economic Summary
As we enter April, we are still seeing the markets reach new highs. Below is a summary of the important economic data over the last month: Sources: Sources: J.P. Morgan Asset Management – Economic Update; Bureau of Economic Analysis (www.bea.gov); Bureau of Labor Statistics (www.bls.gov); Federal Open Market Committee (www.federalreserve.gov)Indices:The Barclays Aggregate Bond Index is...
The Perils of the Wall Street Hype Train
Wall Street can often feel like a popularity contest. Every year the market has a darling stock or stocks that everyone agrees to be the flavor of the month (or year, or decade) and the stock(s) will dramatically rise regardless of fundamentals or other factors. Asset bubbles inflating and bursting are a recurring phenomenon in world economic history – the British South Sea Company bubble...
Wild Ride – GameStop
The WallStreetBets subreddits members making their YOLO bets with their stimies on GameStonk are asking; “Where are my tendies now”? Don’t ask if you didn’t understand that sentence but just look at these charts of GameStop (GME). Source: Bloomberg (GME 1/13/21 - 2/12/21) Source: Bloomberg (GME 8/1/20 - 2/12/21) If you didn’t get a chance to see the “Coffee with Dr. Steve and Katie” we...
Monthly Economic Summary
We know trying to keep up with everything going on in the market is difficult. We do this full time with several experienced professionals to help make sure we can get as much information as possible to help us try and make the best investment decisions for our clients. Below is a monthly summary we will be doing going forward to help you track some of the most important data points in one...
The Intelligent Investor
We have spoken about the speculation in the markets (watch the Coffee with Dr. Steve – The Time Tunnel we posted in August) and others have pointed out how inexperience can lead to staggering losses (read the New York Times article published in July on this topic). However, speculators continue to pile into the stock market with retail brokerage firms Robinhood, TD Ameritrade (now owned by...
Be Careful of Political Biases
We are in the middle of election season and emotions are very high. I know many clients are nervous and considering making financial decisions based upon who wins the presidency. This is all too common and the chart below from J.P. Morgan highlights the relationship of consumer confidence and political affiliation. What is interesting is you can see that consumer confidence is directly...
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