When the GDP Report looks like Macys

GDP was a DOG

David B. Armstrong, CFA Weekly Market Commentary, Weekly Market Commentary Page 18

According to the just-released first round of data on the first quarter’s (Q1) Gross Domestic Product (GDP), which is considered the gold standard for the measurement of goods and services, 2017 has pretty much sucked. It looks like GDP growth slowed from Q4 2016’s annualized pace of 2.1% to 0.7% in Q1. Remember, that’s the first announcement of preliminary data…but …

dow-20000-newspaper

Quick Thoughts on DOW 20,000

David B. Armstrong, CFA Weekly Market Commentary, Weekly Market Commentary Page 18

Dow 20,000 is the talk of the town. There is no escaping it. As I write this (Wednesday at 10:36 am), the index is a mere 0.60% away. But a question being asked, explicitly and implicitly, is this: “Do the current valuation levels (specifically P/E Ratios) signal a market top?” My opinion? Not by themselves. Research from LPL Financial and …

Bull Market Bear Market

A Tug-of-War Between The Bulls and The Bears

David B. Armstrong, CFA Weekly Market Commentary, Weekly Market Commentary Page 17

I’m seeing, reading and hearing a lot of back and forth between people on where this market is heading and frankly, there are a lot of data that are supportive of both camps. People who are beating the bull drum have been highlighting the restrained investor sentiment, fair valuations, the improvement in the U.S. Dollar that is supportive of better …

Dow is Back

The Dow is Back Above 18,000 – Here Are Some Thoughts

David B. Armstrong, CFA Weekly Market Commentary, Weekly Market Commentary Page 17

First of all, congratulations to the entire Team here at Monument on receiving the honor of being a Best Place to Work in D.C. for the 4th year in a row from the Washington Business Journal. Dean and I are both very proud of the entire Team at Monument. It is each one of them that truly makes Monument one …

Advisor

3 Takeaways from Warren Buffet’s Annual Letter

David B. Armstrong, CFA Weekly Market Commentary, Weekly Market Commentary Page 16

How can my blog compete against Warren Buffet’s annual letter that was released Saturday? You should read it, but here are three segments I liked: #1 “America’s population is growing about .8% per year (.5% from births minus deaths and .3% from net migration). Thus 2% of overall growth produces about 1.2% of per capita growth. That may not sound …

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Economic Review Video: January, 2016

David B. Armstrong, CFA Weekly Market Commentary, Weekly Market Commentary Page 16

As you may remember, last July we created the first set of videos for our new Economic Review video series.  Now we are releasing a new video that reviews what has changed in the economy since then and what we believe we will see moving forward.  Thanks for tuning in!   Important Disclosure Information for “Economic Review Video: January, 2016” …