They say one of the blessings of making a mistake is that you and others can learn from it. Well, we made a mistake, it cost Carol two hours and we want to make sure everyone learns from it! THE MISTAKE Carol scheduled to swing by the DMV to get her new REAL ID-compliant […]
Ever find yourself saying something over-and-over again to the point you wonder If you are speaking solely to yourself then FINALLY hear someone else say it? Makes you feel pretty elated doesn’t it! We certainly felt that way when we came across this great article in Fidelity Viewpoints. We are always telling our clients to […]
MARKETS REACH RECORD HIGHS AFTER FED REMARKS MID–WEEK The DJIA, NASDAQ and the S&P 500 were all up this week and all reached new record highs The DJIA led the way by moving up 1.5%, followed by NASDAQ advancing 1.0% and the S&P 500 gaining 0.8% The DJIA crossed 27,000 for the first time and […]
Given the outsized impact Washington is having on the markets, we wanted to share an update from our friend Andy Friedman of the Washington Update dispelling the notion that it will be a laid-back summer in Washington given the upcoming debt ceiling debate and the trade conflicts. Washington Update: A Laid-Back Summer in Washington? […]
The Federal Reserve (Fed) will determine equity price movement over the balance of 2019. Trade tensions with China, slower economic growth, and persistent low inflation are all important, but investors have embraced the Fed’s new mantra, “sustain the expansion,” as the all-in-one solution to the market’s woes. We have already seen investors respond favorably to […]
MARKETS START THE THIRD QUARTER BY EXTENDING THEIR GAINS FROM THE FIRST HALF OF THE YEAR It was a short week to start the third quarter of 2019, but stocks extended their recent gains with the S&P 500 closing near its record high With U.S. markets closed early on Wednesday and all-day on Thursday for […]
The HighTower Wealth Management team is happy to share the July edition of the Monthly Chart Book. This month, our “Timely Topics” relate to the strong trends in markets during June – equity markets and gold were very strong, while rates and the US dollar both turned lower. Last month we stated “Well, that escalated […]
EQUITY MARKETS DOWN SLIGHTLY ON THE WEEK AS THE SECOND QUARTER COMES TO A CLOSE AND THE G20 SUMMIT KICKS OFF IN JAPAN The S&P 500, DJIA and NASDAQ all declined by about the same amount this week, shedding between 0.3% and 0.4%, but still delivered impressive numbers for the month of June and year–to–date […]
EQUITY MARKETS JUMP ON DOVISH FED STATEMENTS U.S. stock markets finished the week higher for the third straight week in a row and the S&P 500 and the DJIA hit new record highs NASDAQ led the major U.S. indices with a 3% jump this week, followed by the DJIA’s move of 2.4% and the S&P […]
MARKETS MOVED MODESTLY AS TARIFFS ON MEXICO ARE AVERTED The major U.S. equity markets posted modest gains this week, as investors remained hopeful leading up to the Fed’s policy decision next week and because the U.S. and Mexico reached an agreement forestalling the implementation of tariffs, which were set to go into effect Monday The […]
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