DOW 30000

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

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

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 …

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 …

dow-20000-newspaper

Quick Thoughts on DOW 20,000

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

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 …

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 …