Monument's Quick Hits

Monument’s “Quick Hits” – Q3 GDP on Tap

David B. Armstrong, CFA Weekly Market Commentary

Gross Domestic Product (GDP).  It’s a common term on the news and most people recognize it, but it is one of the broadest measures of activity we have for the economy.  GDP measures the total value of goods and services produced. News Flash – A preliminary report on quarter three (Q3) will be released October 27th. Here are two problems …

I Hate Nazis

Back from Vacation

David B. Armstrong, CFA Weekly Market Commentary

My first post-vacation blog. I go on a two-week vacation and poof, the Nazis are back? Thank God I didn’t take three weeks off. WTF!? I could not help but open with a little levity. We all could use some. For those of you who don’t get the reference to the picture, there was a great scene in The Blues …

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 …

gdp-increased

Did You Notice the GDP Report?

David B. Armstrong, CFA Weekly Market Commentary

The Election Someone please tell Ball Park Franks they HAVE to hire Anthony Weiner to make a spoof YouTube ad for next summer. I mean, it’s a layup. Other than that, I’m not touching the election. The only points I’ve made about it can (and should) be read in one of my earlier blog posts. You can already see how …

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Economic Review Video: First Quarter, 2016

Brittany R. Dewberry Weekly Market Commentary

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” …

Obama GDP

A Review of First Quarter GDP

David B. Armstrong, CFA Weekly Market Commentary

This week, I review the markets, the recent GDP report and earnings.  All with my general dose of jokes and sarcasm intertwined with facts and general advice.  Just like the doctor ordered. We are currently working on our quarterly video – be on the look-out for that.  In case you are curious, you can re-watch the January video here. Also, …

Recession

There is Definitely a Recession Coming

David B. Armstrong, CFA Weekly Market Commentary

I just don’t know when. I’m of the opinion that we simply don’t see enough facts suggesting we are on the cusp of a recession. There are a lot of people out in the press calling for one and I think it’s an attempt to gain headlines with outlandish statements…even if they are not running for President. Rest assured that …

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Economic Review Video: January, 2016

David B. Armstrong, CFA Weekly Market Commentary

As you may remember, last July we created the first set of videos for our new Economic Review video series.  Now we are releasing a new video that reviews what has changed in the economy since then and what we believe we will see moving forward.  Thanks for tuning in!   Important Disclosure Information for “Economic Review Video: January, 2016” …

Special Report 2016

Special Report

David B. Armstrong, CFA Weekly Market Commentary

It’s been a heck of a start to the year. The S&P 500 is already down over 2.7% through Wednesday’s close and as of this writing at 10am on Thursday, January 7th, it’s down another 1.5%. If the market were to close right this second, the YTD loss would be around 4.2% YTD. The last intraday high set in the …

Thanksgiving Week

The Beginning of the Holiday Season

David B. Armstrong, CFA Weekly Market Commentary

This is the beginning of the best time of the year.  Everyone here at Monument hopes you had a wonderful past few days with family and friends. Now, it’s on to the full-blown holiday season. Last week was pretty quiet due to the Thanksgiving holiday. The economic data that was reported remained largely positive and investors seemed less concerned about …

Chris Christie

GDP, Earnings and a Victory Lap

David B. Armstrong, CFA Weekly Market Commentary

October was a great month for stocks. The returns basically blanked the losses incurred in August and September. By month’s end, the Dow Jones Industrials recorded a gain of 8.8%, the S&P 500 Index rose 8.6% and the Russell 2000 rose 5.5%. The Dow and the S&P were the best monthly gains in four years. Gross Domestic Product (GDP) The …