8 Straight – Monday Morning Market Memo – February 18, 2019

Good morning, The financial markets were closed yesterday in observance of President’s Day. Stocks will appreciate the day off to rest, after charging ahead Friday on increased hopes for a trade deal between the U.S. and China. The Dow Jones Industrial Average jumped over 440 points, or 1.7% Friday, while the Standard & Poor’s Index gained 1.1%. For the week …

7 in a Row – Monday Morning Market Memo – February 11, 2019

Good morning, Well, it wasn’t much of a gain, but the .17% advance in the Dow Jones Industrial Average last week brought its consecutive weekly winning streak to 7. We mention the gain not because 7 is a lucky number, or because we began counting up the weekly winning streak at 5. Rather, the gain last week was notable because …

6 !!!!!! – Monday Morning Market Memo – February 4, 2019

Good morning, For all of our football fans out there, and more specifically New England Patriots fans, the six in this title probably makes you think about six Super Bowl wins for Tom Brady, Bill Belichick (as head coach), and the Patriots. As much as we like to talk football, the six we are referencing here has to do with …

5 In a Row – Monday Morning Market Memo – January 28, 2019

Good morning, The Dow Jones Industrial Average, the Standard & Poor’s 500 Index, and the NASDAQ Composite all ended last week with a Friday rally, gaining .75%, .85%, and 1.29% respectively. A generally positive earnings season so far, and expectations the Federal Reserve will likely be more accommodative in 2019 than originally thought, outweighed a government shutdown and worries over …

Earnings Season – Monday Morning Market Memo – January 14, 2019

Good morning, Earnings Season “officially” begins this week and is dominated by the financial sector. Citigroup kicked things off this morning with a mixed report, posting better-than-expected earnings but missing on the top line. Other banks/financials scheduled to report this week include JPMorgan Chase, Wells Fargo, Bank of America, PNC Financial Services, US Bancorp, Goldman Sachs, Morgan Stanley, SunTrust Banks, …

One-two Punch – Monday Morning Market Memo – January 7, 2019

Good morning, An online dictionary defines a one-two punch as a combination of two blows delivered in rapid succession in boxing, especially a left lead followed by a right cross, and defines it informally as an especially forceful or effective combination or sequence of two things – and this is the kind of one-two punch the market experienced Friday. The …

Stormy December – Monday Morning Market Memo – December 31, 2018

Good morning, The stock market is coming off a holiday-shortened week characterized by erratic and notable price swings. The week started with the worst Christmas Eve decline ever, as the Standard & Poor’s 500 Index and the Dow Jones Industrial Average fell 2.7% and 2.9% respectively – until then the S&P 500 had never declined more than 1% on the …

Bear Market – Monday Morning Market Memo – December 24, 2018

Good morning, This is the time of year when we expect to see snowmen, reindeer, Santa, and perhaps even a Santa Claus Rally – as December is historically one of the stronger months for the stock market. This December however, the most prominent sighting has been that of a bear. Stocks posted significant losses last week: The Dow Jones Industrial …