It's not a bubble

Why This Market is Not a Bubble

David B. Armstrong, CFA Weekly Market Commentary

Last week’s trading was pretty volatile. One needs to look no further than Thursday’s broad sell-off followed by Friday’s rebound which left the major domestic indexes slightly higher for the week. On the economic front, the ISM Manufacturing and Services data came in very strong last month (more later). The June jobs report indicated economic strength with nonfarm payrolls climbing …

When the GDP Report looks like Macys

GDP was a DOG

David B. Armstrong, CFA Weekly Market Commentary

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 …

The Dow... Will It...

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

David B. Armstrong, CFA Weekly Market Commentary

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

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 …