Our “Off The Wall” Blog
is now Monument #Unfiltered

Subscribe below to receive our unique, straight-forward, unfiltered wealth advice delivered straight to your inbox.

The Market vs. Deep Fried Turkey

One is very hot and can easily erupt into a fireball.  The other has cooled.  With the both the Standard & Poor’s 500 (S&P 500) and the Dow Jones Industrial Average sell off over 1.65% each, you can guess which one is which.  Investors took cover as once again, the talk of Fed tapering swirled around the rumor and speculation mill.  In fact, it was the largest weekly sell off in the past three months but there was some good economic news as well.

I had many folks ask how the deep fried turkey turned out.  I am here to report that it was a huge hit and there was no fire…or trip to the emergency room.  It took 45 minutes to cook a 16-pound turkey.

Now we are on to the holidays and the news that came out on retail sales last week was pretty good. In fact, it was the biggest gain in five months.  And how about a BUDGET DEAL coming out of Congress?  Wow.  That’s nice to see but of course it added to the taper talk…so Wednesday will be the Fed meeting and we will see what happens.  But look, here’s the deal, it’s going to happen sometime and when it does the market will sell off and then it probably recover.  Don’t play around with guessing the taper, just stick to your plan.  Because you have one, right?  Seriously, it is more important to pay attention to what the Fed says than what they do.  That’s my opinion anyway…

Below are our two standard charts that review the previous week’s performance across the major benchmarks and for the ten sectors of the S&P 500 index.  Please note that the S&P 500 is up about 25% for the year so far.  That’s more than half of the market selloff from the worst financial crisis since the Great Depression and it still seems like no one really feels good about their portfolios.


The graph below shows how well each sector did against the S&P 500
(rather than its actual return, meaning Materials did 1.02% better than the return on the S&P 500).  While the market did poorly, you can see that cyclical sectors still did better than defensive sectors.


Bull Markets – Here is a Picture

This chart shows a lot of data.  The intersection of the two dark lines is our current bull market.  I’m no regression expert (thank you, Mr. Distractions – such as parties in college on Thursday nights), but the current Return/Time plot does not look like it’s out of whack.


And Finally…


This photo has been making the rounds – but I have the inside scoop from a well-connected friend.  In this picture, you see the President and the Prime Minister of Denmark both celebrating because they have been long the equity market this year while the First Lady, who has held firm with her short positions all year, claims that she’s still right, but just early on her bearish call.

Please call or email with questions.
Investment advice offered through Monument Advisory Group, LLC a Registered Investment Advisor (RIA).

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly. Stock investing involves risk including loss of principal. The Dow Jones Industrial Average is comprised of 30 stocks that are major factors in their industries, and widely held by individuals and institutional investors. The Standard & Poor’s 500 Stock Index (S&P 500) is an unmanaged capitalization weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The NASDAQ Composite Index measures all domestic and non-U.S. based common stocks listed on The NASDAQ Stock Market. The market value, the last sale price multiplied by total shares outstanding, is calculated throughout the trading day, and is related to the total value of the Index. The Russell 2000 Small Stock Index is an unmanaged index generally representative of the 2000 smallest companies in the Russell 3000 Index. The Russell 2000 is an unmanaged index generally comprised of companies with lower price-to-book ratios and lower forecasted growth values.  The 2, 10 and 30 year Treasury is simply the yield at the close of the day.

(1)      West Texas Intermediate crude spot price is as of end of week.

(2)      London Bullion Market Association; gold fixing pricing at 3 p.m. London time.


David B. photo

David B. Armstrong, CFA

President & Co-Founder

Dave got into the industry when he discovered his passion for finance in his mid-20’s. He’s a combat veteran and served as an officer in the United States Marines Corps on both active duty and in the reserves, retiring at the rank of Lieutenant Colonel. While serving on active duty, Dave was unable to spend money on deployments, so he became a self-taught investor. Along with a few bucks cash as a bouncer, his investing performance grew to be good....

Learn more ...


Please remember that past performance is no guarantee of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Monument Capital Management, LLC [“Monument”]), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Monument. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. No amount of prior experience or success should be construed that a certain level of results or satisfaction will be achieved if Monument is engaged, or continues to be engaged, to provide investment advisory services. Monument is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice.

A copy of Monument’s current written disclosure Brochure discussing our advisory services and fees is available for review upon request or at www.monumentwealthmanagement.com/disclosures. Please Note: Monument does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Monument’s website or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Historical performance results for investment indices, benchmarks, and/or categories have been provided for general informational/comparison purposes only, and generally do not reflect the deduction of transaction and/or custodial charges, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results.  It should not be assumed that your Monument account holdings correspond directly to any comparative indices or categories. Please Also Note: (1) performance results do not reflect the impact of taxes; (2) comparative benchmarks/indices may be more or less volatile than your Monument accounts; and, (3) a description of each comparative benchmark/index is available upon request.

Please Remember: If you are a Monument client, please contact Monument, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services.  Unless, and until, you notify us, in writing, to the contrary, we shall continue to provide services as we do currently. Please Also Remember to advise us if you have not been receiving account statements (at least quarterly) from the account custodian.

Get Monument #Unfiltered: Our Free Private Wealth Newsletter

Our no B.S. wealth advice delivered 2x per month, max. Tuned specifically for busy, high-net-worth business professionals and investors who want straightforward advice without the fluff.