A Decade of Growth

David B. Armstrong, CFA Weekly Market Commentary

In last week’s blog, “Debunking Standard Finance Theory,” I wrote: Theory is great in the classroom and for an academic discussion where assumptions have to be made to intellectually work a problem, but in reality, I believe that probabilities, possibilities, simplicity, patience and discipline are the real fundamental blocks of investing. I’m pretty consistent about the mantra of probabilities, possibilities, …

common sense

Why Earnings, Charts and Oil are Important to You Right Now.

David B. Armstrong, CFA Weekly Market Commentary

Earnings season hasn’t ended yet, but it’s really slowing down since over 2,000 companies have reported their earnings for the quarter… we’re in the home stretch. Wal-Mart (WMT) is the unofficial “closer” of the reporting period and they will announce on August 18th. So far, most investors seem satisfied by both the earnings and the market’s response. The S&P 500 …

Bull Market Bear Market

A Tug-of-War Between The Bulls and The Bears

David B. Armstrong, CFA Weekly Market Commentary

I’m seeing, reading and hearing a lot of back and forth between people on where this market is heading and frankly, there are a lot of data that are supportive of both camps. People who are beating the bull drum have been highlighting the restrained investor sentiment, fair valuations, the improvement in the U.S. Dollar that is supportive of better …

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, …

Cat Economy

Why the Market is up 5 Weeks in a Row

David B. Armstrong, CFA Weekly Market Commentary

I always find it very interesting to observe the difference in behavior as markets move up and down – especially in the press. I get it, markets tend to go down much more quickly than they go up. It’s much easier for people to get on TV and try to look smart by saying things like, “the reason the market …

house of cards

Recession Fears Seem to be Subsiding

David B. Armstrong, CFA Weekly Market Commentary

I’ll admit it. I got nothing done this weekend since Season 4 of House of Cards was dumped onto Netflix. It broke the internet and my productivity like a dump truck full of Kim Kardashian derrière posts. So this may be a little short. However, if this blog does not give you enough of a Monument fix, please be sure …


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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Top 6 “Off the Wall” Posts of 2015

The Monument Wealth Management Team Weekly Market Commentary

We’d like to share with you our Top 6 “Off the Wall” Posts of 2015! A lot of people ask us what our most popular blog posts are.  Because of this, we’ve come up with a list of our posts that have received the highest amount of traffic throughout the year.  This is a great way to catch up on any posts you …

The Market

Oil, Oil, Everywhere

David B. Armstrong, CFA Weekly Market Commentary

Global equity markets ended the week with big losses. The S&P 500, German DAX, and Japan TOPIX were -3.7%, -3.8%, and -1.5%, respectively.   Commodity prices hit a 16-year low, which weighed on stocks. I discuss oil in greater detail below, however, markets are now anticipating the Federal Reserve’s interest rate policy decision on December 16th.  An interest rate increase is …