Trade and The Tariff Man

Trade and The Tariff Man

David B. Armstrong, CFA Weekly Market Commentary

I was inspired to write based on a social media post from yesterday by my old friend and stalwart colleague, Rob Bartenstein, the CEO of Kestra Wealth Management. “The news media may or may not be the enemy of the people. But it ain’t your friend. Your friend wouldn’t blare negative sh!t [my edit] at you all day punctuated with …

October Market Correction

Octo-BURRRR

David B. Armstrong, CFA Weekly Market Commentary

So, October…WTF? Election uncertainty, trade wars and rising interest rates made for a recipe of investor concerns and panic in October. After falling for 21 out of 27 sessions, the S&P dropped 9.9% or about 290 points to a low on October 29th. The Dow Jones Industrial Average (Dow) fell 2,385 points or 8.9% from its high. Losses in the …

Investor Concerns

Growing List of Investor Concerns

David B. Armstrong, CFA Weekly Market Commentary

I saw a headline the other day on Bloomberg TV.  It said, “Growing list of investor concerns.” Seriously?  Of course there is a growing list of concerns!  The market just sold off. HARD. People get concerned when they lose money.  That’s natural and understandable. Needs create concern.  When you need the money and it loses value, you become concerned. However, …

The Current Situation

The Current Situation

David B. Armstrong, CFA Weekly Market Commentary

Based on the current situation (writing as of 10pm Wednesday night with futures showing more selling on Thursday), stepping in to buy at these levels is hardly an easy choice. But, the reality is shocks like the one yesterday coupled with the past few days have a hard time lasting in the current economic environment. People are still plagued by …

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 …