Politics vs The Economy – One is More Important Than the Other

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

Oh, man. Last week sure set off a political firestorm… And the markets! JEEZZZZ, did you see what they did? The S&P 500 sold off to the tune of a whopping -0.35%. (P.S. Insert sarcasm here.) (Double P.S… As of this writing at 12:45 on Monday, May 15th, 2017 the S&P 500 is up +0.45%.) From an investment viewpoint, fears …

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 …

Pick the Perfect Bracket

Investing Lessons and March Madness

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

Oh boy…March Madness. It started last week and it’s what everyone seems to be talking about at work. Most people feel great on “Selection Sunday”, which is when the NCAA selection committee announces “The Bracket”. The bracket is the group of 64 teams (okay, I know it’s technically 68, but I’m asking for some artistic license for the sake of …

Buying Low and Selling High

Eight Straight Great to Date

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

Last week was the 8th anniversary of one of the greatest buying opportunities of most of our lifetimes.  As you can see below, it was obvious to most investors that March 9th, 2009 was going to be the bottom… I’m sure everyone knows I’m kidding…I remember someone in my industry saying to me, “this could literally go to zero.” Yes, …

The Dow... Will It...

This Winning Streak Is Going To End – But Do You Care?

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

I’m sure I will not be the only one using this reference to the famous scene from Spinal Tap where Nigel Tufnel explains how his band’s amplifiers go to eleven…”When you need that extra push over the cliff…” Please, and I’m probably talking to most of the people at Monument as well as most of the Millennial Generation…please watch this …

What One Economic Indicator is Saying About an Upcoming Recession

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

First – a look back at what was happening in 2008. I thought this was a pretty interesting clip from the University of Pennsylvania. I have more thoughts on news and headlines below but first I want to transition to one of the leading economic indicators I like to keep a sharp eye on…the Department of Labor’s Weekly Initial Jobless …