market is high

Stocks Are On A Roll – What Now?

Last week was a busy one for me. I had a dinner meeting every evening and there was a resounding theme, both implicit and explicit, in almost every conversation we had – “Is now a good time to add money to portfolios or start taking chips off the table?” Answer: I don’t know. How could I? But that still does not absolve me from needing to look at things and…

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Economic Review Video: First Quarter, 2016

Hi everyone, thanks for tuning in to hear our thoughts on the current U.S. economy.  In our July, 2015 and January, 2016 videos, I spent some time discussing how the recovery still has room to run.  This video will give you a detailed look into how the economy has evolved since then. Important Disclosure Information for “Economic Review Video: First Quarter, 2016” Please remember that past performance may not be indicative of…

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Quarterly Review – Monument Style

Well, the first quarter of 2016 is in the books. I thought I’d start with a quote: “And when it’s over, I press rewind though.” – Fetty Wap Oh wait – I meant these quotes… “You are not able to predict what will happen nor when it will happen…and neither am I. Only charlatans and fools believe this is actually possible. I reminded everyone of this many times, including in…

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China

Greece Schmeesh – I’m Moving On.

I mean, its SEC Media day for crying out loud! Who wants to talk about Greece anymore? I applaud Spencer Rand, CFA here at Monument with making that the first thing he pointed out when I saw him this morning, followed quickly with, “…and South Carolina is tomorrow.” I expected a greeting along the lines of “futures are up of 1% this morning on the Greece news.” Grasshopper. Okay, I’m…

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Lindsay Lohan

A Short Week in the Market & GDP Report

U.S. stocks got off on a shaky start last week as the closely followed Dow Jones Industrial Average tumbled 190 points on Tuesday. Turns out that this was the worst single-day occasion for the index in approximately a month. Information technology stocks and small-cap stocks were among the hardest-hit segments of the market; these are two of our favorites, and are over-weighted sectors in our strategies.  But then BOOM –…

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4 Technical Indicators to Watch for a Market Pullback

With markets near highs, watch these metrics for signs of a shift. With the Standard & Poor’s 500 index up double digits since the beginning of the year and up more than 100 percent since March of 2009, a question in nearly every investor’s mind is, “When will the good times end?” While there have been some hiccups along the way, the general trend for the stock market has been up, up,…

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Will Rising Interest Rates Hurt the Stock Market?

Higher rates don’t always hurt equities. You can’t listen to the news these days without hearing about how interest rates are at historic lows. In 1981, the 10-year Treasury hit an all-time high of nearly 16 percent. Since then, interest rates have been steadily falling to their current value of around 2 percent. You may be familiar with the relationship between bond investments and interest rates (if not, here’s a…

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Keep an Eye on Free Cash Flow in 2013

Changes to company pension contributions may mean extra cash flow on come corporate balance sheets. I love this time of year. Here in Washington, D.C., everything starts to look a little greener; we get to experience the blooming of the cherry blossoms and tulips. But forstock pickers (and workers expecting pensions down the road), new government rules for retirement contributions this year could signal another bloom worth watching this spring: Higher…

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Why the Market is Still a Good Deal

The market may be near its highs, but its historic price-to-earnings ratio still make the S&P 500 look affordable. J.P. Morgan Asset Management publishes some great research at the end of every quarter called the “Guide to the Markets.” It is chock-full of good data, but one highlight in the most recent stood out, prompted by a single question, “Is the S&P 500 over-bought?” According to J.P. Morgan, the answer…

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Holding Out for Dividends? Don’t

Looking for dividends is a lot like picking stocks, and Fidelity’s Peter Lynch’s know-what-you-own rule applies. Looking for dividends is a lot like picking stocks, and Fidelity’s Peter Lynch’s know-what-you-own rule applies to finding companies with good payouts. The name Peter Lynch elicits fond memories in the minds of investors throughout the last 30 years. If you aren’t familiar, or like me, weren’t old enough to remember him in his…

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The Economy, Not Markets, Decides Elections

Incomes growth is a big deal, and it’s still weak. Next Tuesday is Election Day and the so-called experts have been attempting to predict the race for months. As usual, there is no clear consensus. The presidential election results are very much intertwined with the markets and the economy, but markets don’t decide elections. The stock market does not generally predict the outcome of the election—a weak stock market does not…

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CNN-Money

Dumb and dumber: Avoid the big banks

NEW YORK (CNNMoney) — Looks like Twitter isn’t the only company with a fail whale. JPMorgan Chase’s stock plunged more than 9% Friday following the revelation of a surprise $2 billion loss tied in part to hedges by a British-based JPMorgan trader dubbed the London Whale.

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