IN CASH for all of 2016

2016 – HERE’S WHAT HAPPENED

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

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 …

dont-be-a-day-trader

Why the Shrinking Unemployment is Not as Good as it Seems

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

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 …

plan vs catch up

The Jackson Hole Meeting – Should You Care?

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

Much of last Friday’s speech was dedicated to the tools (actual “monetary tools”, not people) the Fed can use to stimulate the economy. The speech also included how the Fed might react to a future recession. This remark by Janet Yellen received the most immediate attention— “I believe the case for an increase in the Fed funds rate has strengthened …

2016 Economic Review

I Remember 2015 Like It Was Yesterday

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

**Since today is a big move day in the market, I’ve got a quick thought at the end of this blog. 2015…a year of both expectedness and surprises. The economy trudged along, the unemployment rate fell, and the Federal Reserve finally lifted the Fed funds rate at the end of the year. Taking a closer look, we see what many …

Wealth Management Blog

Peace Out, 2015

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

As everyone knows by now, in addition to Steve Harvey totally blowing it at the Miss Universe Contest last night, the Federal Reserve ended seven years of near-zero interest rate policy by raising rates 0.25% last week. This indicates its conviction in the vigor of the U.S. economic recovery. It was a unanimous decision by the members of the Committee. …

Thanksgiving Week

The Beginning of the Holiday Season

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

This is the beginning of the best time of the year.  Everyone here at Monument hopes you had a wonderful past few days with family and friends. Now, it’s on to the full-blown holiday season. Last week was pretty quiet due to the Thanksgiving holiday. The economic data that was reported remained largely positive and investors seemed less concerned about …