Dow 28,000 – Here’s What Investors Should Be Doing Now

David B. Armstrong, CFA Weekly Market Commentary

The Dow is at around 28,000, so what should investors be doing? Well, a lot, actually. Most people remember that last year around this time the market was not doing very well. Reflect back on how you felt when the market went down almost 20% by Christmas Eve’s close. It impacted everyone – even really, really wealthy people. Just as …

Vlog: What Will Your Day Look Like in a Bear Market?

David B. Armstrong, CFA Weekly Market Commentary

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Get Them Straight – Hedge Funds, Pension Funds and Your Funds

David B. Armstrong, CFA Weekly Market Commentary

I’ve been working in wealth management for over two decades now.  It’s changed a lot, mostly for the better, but the one thing that has remained consistent is investor behavior. One of the most often repeated statements I hear from investors is something along the lines of, “I want to have returns that outperform the S&P 500 without the same …

Lifetime Milestones & The Power of Time

David B. Armstrong, CFA Weekly Market Commentary

Sometimes we forget about the power of time.  Big historical moments are memories in our lives, but we tend to live in the present…or in the past few weeks.  We are bombarded by quarterly earnings, GDP, employment reports, market pull backs, and the never-ending news cycle. The list of things grabbing our attention is long. In fact, it’s infinite. It …

The Current State of Things

David B. Armstrong, CFA Weekly Market Commentary

I want to write something, but I keep staring at my screen.  It happens.  It happens a lot more since I’ve stopped writing a “Weekly Market Summary.”  I’ve graduated from that.  It was great when I started writing because I had a topic ready for every weekend. But when looking back it’s all blah blah blah. No one cared. I …

Is it Worth Paying Attention to The Fed?

David B. Armstrong, CFA Weekly Market Commentary

The Fed’s 9-1 decision the other day to leave the policy rate unchanged was not a shock or surprise to anyone.  But, the Fed did telegraph a polarity shift to the markets and equities gained slightly on future rate cut optimism (the S&P 500 was up about 0.3%) while the 10-year yield declined to around 2.03%.  I’m guessing there is a 95% certainty the …

A Quick Note on Market Volatility

David B. Armstrong, CFA Weekly Market Commentary

I don’t think the best search engine optimization practice is to recommend the real title I wanted to use: “Shit Happens…Often.” But including it in the body is probably good enough, eh? Man, I suspect we will be seeing a lot of “Sell in May” references by the time this month is over.  Heading into today, the S&P 500 is …

Universal Healthscare

David B. Armstrong, CFA Weekly Market Commentary

Weakness in the Healthcare sector has been widespread on the heels of political discussions around healthcare and drug prices.  Drug makers, insurance companies, medical companies and biotechs have all struggled from this. Actually, “struggled” is an understatement. While the Healthcare sector has been losing ground, one of the top performing S&P 500 sectors, Technology, has continued to outperform. That’s just …

After_Long_Nap_Im_Woke 2.8.2019

A Long Nap – I’m Woke

David B. Armstrong, CFA Weekly Market Commentary

It’s really important that investors understand what has happened over the past two months. Ask yourself, do you even remember what caused the Christmas Eve sell off? If you do, do you still possess fear over that issue? Furthermore, what were your emotional reactions? I suspect there was a lot of fear and anxiety – and that’s understandable. No one …

3 Kinds of Investors

Three Kinds of Investors

David B. Armstrong, CFA Weekly Market Commentary

The other day, a colleague asked me about my thoughts for a blog he was writing on whether investors were hiring and/or firing advisors, especially during periods like the last three months. The conversation went something like this: Colleague: “Do you think the current environment causes a lot of investors to switch advisors? Me: “Yes, and vice versa. I’ll bet …