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Monument’s Economic Review

Check out our latest video!  Our Economic Review video breaks down 2016 into four distinct sections, discusses what affected the market in each of those periods, and then goes into what’s ahead for 2017. WATCH THE VIDEO>  

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DOW 30000

So The Dow Hit 20,000… What Does That Mean For You?

First – we feel like Monument is just one of those places that does a great job recruiting and retaining great employees. While not all of them remain, we love to highlight how hard work and good decisions lead to greater success down the road. Many of you may remember Kristen Owen. Kristen started with us as a recent MBA grad and freshly minted with her CFA designation. After life…

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IN CASH for all of 2016

2016 – HERE’S WHAT HAPPENED

Despite the nice post-election rally to end 2016, it turned out to be downright…average. That is if you use the S&P 500 Index as your yardstick. If you go back to 1928, the average annual return for the S&P 500 (including reinvested dividends) runs just around 10%. 2016 turned in the year with the S&P 500 up 9.54% on a price return basis. Throw in the dividends and it was…

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dow-20000-newspaper

Quick Thoughts on DOW 20,000

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 Barclays indicates a weak relationship between one measure of stock…

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dont-be-a-day-trader

Why the Shrinking Unemployment is Not as Good as it Seems

Well, we finally had a negative week in the S&P 500, post-election. It was trading down 0.97% for the week, and ended up at an index level of 2,192. The Dow Jones Industrial Average was barely positive, clocking in with a 0.1% gain on the week to close at 19,170. There was good news with employment and an interest rate hike is basically a 100% lock, so what gives? It…

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returns-beget-performance-chasing

First Time Claims

A record almost as old as me – but without the bad knee. You see what I did there with the rhyme, right? Let’s start with a quick update and overview. First – a quote from Barron’s over the weekend by Ben Levisohn, “Strength begat strength last week, as stocks continued to rise, even as the U.S. Dollar and bond yields headed higher.” It reminded me of a fairly recent…

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election trading

Our Quick Election Thoughts

As I watched the markets “crash” overnight, I was reminded of the Interactive Broker’s commercial that is the picture in this blog post. It features a woman sitting down to a dinner date saying, “Markets are a mess, everybody’s selling…wow the market’s already down 2%, I’m sorry I need to do some hedging trades!” I was thankful that the market was closed during the election because by the time 9:30…

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Clinton Trump Markets

Election Outcomes and the Markets

I took last week off from writing after returning from a fantastic fly fishing trip with my father out at Henry’s Fork in Idaho and the Madison River in Montana. I highly recommend the trip this time of the year to anyone interested in seeing Big Sky country, the yellow Aspen trees and catching 18-22 inch Rainbow and similar sized Browns. But use a guide – it’s better that way.…

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Volatile Market in USNews Featured Image

3 Things to Remember About the 4th Quarter

There’s plenty for investors to watch during the last three months of the year. Get your holiday gift lists started, break out the cool weather clothes, and get ready to set the clocks back. Nothing says fourth quarter like a 4:30pm sunset. Ugh. It’s also time for a quick portfolio check-up. According to a recent Bespoke Research report, there is some data that I think provides a few reasons why…

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Volatile Market in USNews Featured Image

3 Things to Remember About the 4th Quarter

There’s plenty for investors to watch during the last three months of the year. Get your holiday gift lists started, break out the cool weather clothes, and get ready to set the clocks back. Nothing says fourth quarter like a 4:30pm sunset. Ugh. It’s also time for a quick portfolio check-up. According to a recent Bespoke Research report, there is some data that I think provides a few reasons why…

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2012 Election Winners and Losers

It’s no secret that political outcomes have economic repercussions, and never more so than when power structures at the very top are up for grabs. With the 2012 presidential elections now imminent, investors throughout the nation are rightly wondering what industry sectors will benefit and lose with a Democratic or Republican White House.

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