A Quick Fed Update

A Quick Fed Update

David B. Armstrong, CFA Weekly Market Commentary

Back on October 12, 2018, I wrote a blog post titled, “Trump’s Fed Attack – Why.” This was right after Fed Chairman Powell told PBS NewsHour anchor Judy Woodruff that the Fed Funds rate was “a long way from neutral.” You may better remember the response from the President when he said, “The Fed is going loco and there’s no …

“What Could POSSIBLY Go Right?”

David B. Armstrong, CFA Weekly Market Commentary

Be sure to check out Monument Wealth Management co-founder and partner David B. Armstrong’s weekly column on  US News and World Report. Posted every Friday, you can read his column here. There has been a good amount of positive economic news over the past few weeks, but not enough to keep the winning streak alive for the equity indices.  Unemployment improved …

Last week there was actually some GOOD NEWS…

David B. Armstrong, CFA Weekly Market Commentary

The equity market indices were mixed again last week with the Dow Jones Industrial Average losing 0.62% to finish at 10,151, the S&P 500 Index lost 0.66% to finish at 1,065 and the Nasdaq Composite Index lost 1.20% to finish at 2,154. The Russell 2000, which measures smaller capitalization stocks, gained 0.98% to finish at 616.76. The stock market clearly …

Friday the 13th concluded a dismal week in the markets.

David B. Armstrong, CFA Weekly Market Commentary

The S&P ended the week down 3.8% and at one point the intra-day low reached back to mid-June levels before recovering.  The economic news of last week contained a clear acknowledgment by the Federal Reserves’ Open Market Committee that the economic recovery was not moving forward as they had anticipated and that its pace would be more modest over the …