Wealth Management Investing Financial Advisor

Tanger: Short Term Turkey

Erin M. Hay, CFA Weekly Market Commentary

Good afternoon everyone! I’m sure your Thanksgiving preparations are in full swing. I’ll be spending the holiday in Arlington with one of my best friends and his family. We’re going to…a Chinese restaurant. Kinda excited, not going to lie. Don’t fret though: Mom and Dad are FedEx’ing some pies to my apartment, which I will be enjoying with a glass …

Monument Wealth Management Blog

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 …

Dumb Money

Dumb Money Ain’t So Dumb

David B. Armstrong, CFA Weekly Market Commentary

I don’t normally write blogs about articles that other folks write, but in this case I must. In Wednesday’s edition of The Wall Street Journal, the venerable Jason Zweig published an article called, “Why Charities Do Good—but Not Well—With Your Money.” I’m a WSJ subscriber so I don’t know if this is behind a paywall, but I’ll highlight some of the …

Keep Looking Forward

Keep Looking Forward

The Monument Wealth Management Team Weekly Market Commentary

First, we’d like to start off by paying a brief tribute to Senator John McCain. He served our country as a legendary war hero and lawmaker who pushed for bipartisan agreements to make our country a better place, and we as Americans are grateful for his service. As you well know, McCain’s passing is not the only sad or concerning …

Diversification Today

Here’s Why You Don’t Pile Into One Name

David B. Armstrong, CFA Weekly Market Commentary

I remember 1999. People thought you could do no wrong, unless portfolio managers refused to own the massively overvalued tech stocks. Everyone was a genius. Then everyone learned a lesson. Fast forward to last Thursday.  Investors who over-weighted an internet darling learned what happens when management lowers expectations for future revenue and profits.  Companies lower expectations all the time and …

Value vs. Price

Value vs. Price

David B. Armstrong, CFA Weekly Market Commentary

This August, I have decided to hike the John Muir Trail, about 225-miles of California’s Pacific Crest Trail. I mention that because I’m buying gear for the trip. And it’s not cheap – in fact, the lighter the gear, the more it costs.  Since ounces equal pounds, and pounds equal pain, I’m spending up. But I’m also looking for deals…all …

Markets in Turmoil

Ready Fire Aim

David B. Armstrong, CFA Weekly Market Commentary

Breaking News – February 5th, 2018.  The S&P 500 is down 7%+ from its high and the streak of 578 days without a 5%+ pullback is over. Now what? However, it’s all about context.  Today, the Dow Jones Industrial Average closed down 1175 points…making it not even in the top 100 worst percentage drops in history. (H/T Josh Brown @reformedbroker) …

Midterm Elections

Is it Really The Death of Equities?

David B. Armstrong, CFA Weekly Market Commentary

For some reason the markets just do not seem to care much about headlines – President Trump ending ACA cost-sharing payments…U.S. maybe leaving NAFTA…ending the Iran nuclear agreement…Rocket Man…the tax reform debate raging on. But the S&P 500 just made it a 5th positive week on some earnings optimism. So yes, it’s earnings season again, but the peak period for …

It's not a bubble

Why This Market is Not a Bubble

David B. Armstrong, CFA Weekly Market Commentary

Last week’s trading was pretty volatile. One needs to look no further than Thursday’s broad sell-off followed by Friday’s rebound which left the major domestic indexes slightly higher for the week. On the economic front, the ISM Manufacturing and Services data came in very strong last month (more later). The June jobs report indicated economic strength with nonfarm payrolls climbing …

Comey Leak

Summer, Summer, Summertime

David B. Armstrong, CFA Weekly Market Commentary

Last week saw a big drop for tech, which dragged the Nasdaq down 1.8%…its third worst day of the year, and worst week year-to-date (-1.5%). What made this big drop so distinctive? It came the day after setting a new all-time high. Other than a 2.6% drop in May, (yes, the year is almost half over…) you have to go …

Pick the Perfect Bracket

Investing Lessons and March Madness

David B. Armstrong, CFA Weekly Market Commentary

Oh boy…March Madness. It started last week and it’s what everyone seems to be talking about at work. Most people feel great on “Selection Sunday”, which is when the NCAA selection committee announces “The Bracket”. The bracket is the group of 64 teams (okay, I know it’s technically 68, but I’m asking for some artistic license for the sake of …