Stocks Extend Winning Streak – Monday Morning Market Memo – December 30, 2019

Good morning, The stock market kept its winning streak going last week. The Dow Jones Industrial Average rose .67%, the NASDAQ Composite added .91%, and the Standard & Poor’s 500 Index gained .58%, its fifth consecutive weekly gain. The indices all hit record highs last week, with the S&P closing at all-time high of 3,240. The major stock market averages …

“Phase One” Trade Deal – Monday Morning Market Memo – December 16, 2019

“Phase One” Trade Deal – Monday Morning Market Memo – December 16, 2019

Good morning, The U.S. and China announced last week they agreed to “phase one” of a trade deal. The market did not mind much that specifics were notably lacking, the deal is not signed yet, and the “feel” of the agreement was underwhelming. What mattered most to the stock market was that the additional tariffs set to take effect yesterday …

Good News is Good News! – Monday Morning Market Memo – December 9, 2019

Good News is Good News! – Monday Morning Market Memo – December 9, 2019

Good morning, Stocks began trading last week in a notable downtrend. Items accounting for the weakness included comments by President Trump that it might be “better to wait until after the election” for a China trade deal, proposed tariffs of up to 100% on $2.4 billion on various French imports, and some weaker-than-expected economic data. The November ISM Manufacturing Index …

Data Deluge into December – Monday Morning Market Memo – December 2, 2019

Data Deluge into December – Monday Morning Market Memo – December 2, 2019

Good morning, The major stock market averages posted solid gains last month. November saw the Dow Jones Industrial Average and NASDAQ Composite rise 3.7% and 4.5% respectively, while the benchmark Standard & Poor’s 500 Index gained 3.4%. Equities benefited from things such as optimism around trade negotiations between the U.S. and China, an accommodative Federal Reserve, and earnings reports that …

Holiday-Shortened Week – Monday Morning Market Memo – November 25, 2019

Holiday-Shortened Week – Monday Morning Market Memo – November 25, 2019

Good morning, We would like to first take this opportunity to wish you a Happy Thanksgiving, we hope you enjoy the day and the weekend! The financial markets are of course closed on Thanksgiving Day, and then close early on (Black) Friday, with stock market trading ending at 1 p.m. Equity investors can be thankful for what has been a …

Record Highs – Monday Morning Market Memo – November 18, 2019

Record Highs – Monday Morning Market Memo – November 18, 2019

Good morning, We are not sure about the number of new people recreationally using marijuana in states where it is now legalized, nor can we offer much insight into reported rising temperatures due to global warming. We can however, tell you with certainty that all three major stock market averages closed at new all-time record highs last week. The Dow …

Happy – Monday Morning Market Memo – November 4, 2019

Happy – Monday Morning Market Memo – November 4, 2019

Good morning, “Happy” is a song that was written and produced by Pharrell Williams, and was a soundtrack for the animated movie Despicable Me 2 in 2013. We are not sure what that happiness was all about, but we can certainly tell you why the stock market is happy, as all three major indexes – the Dow Jones Industrial Average, …