SUREVEST BLOG

Market Update – August 23, 2019

The second quarter earnings results are wrapping up and the numbers are better than expected. At the end of the second quarter, the consensus believed earnings would decline in the S&P 500 by -2.7% (Year-over-Year)[i]. As of market close on Thursday, 96% of companies had reported their numbers and it appears the final number will not be as bad as analyst thought.

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Market Update – August 16, 2019

On Wednesday the bond yields inverted for the first time since 2007 causing a big down day in the markets. Traders and algorithmic programs began to sell even though the inversion happened for a brief period and closed without the inversion. The Surevest Investment Committee does not believe investors should panic as we will discuss this this week’s market update.

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Market Update – August 09, 2019

The U.S. equity markets started the week with a strong sell off due to China’s retaliation to President Trump’s tweet last week, which said the U.S. would put 10% tariffs on $300 billion of additional imports from China. Out of the $550 billion the U.S. imports from China, there is currently a 25% tariff on $250 billion.

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Market Update – July 26, 2019

The buzz on Wall Street for the next couple of weeks will be on earnings results. The markets are paying close attention if companies are beginning to feel the affects of the U.S. and China trade dispute. According to FactSet, at the beginning of the quarter, analyst expected earnings decline for the S&P 500 of -2.7%.

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Market Update – July 19, 2019

We hear about the Federal Reserve (the Fed) in the financial news all the time and we have written about the Fed in our weekly Market Updates.  Most investors realize that the Fed is important, but they are not aware of the details on how it operates.  Therefore, we thought it would be a good idea to take a step back and describe the basic structure of the Federal Reserve.

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Market Update – June 28, 2019

As the first six months of the year comes to an end, stocks globally have returned excellent numbers. As of Thursday’s market close, the S&P 500 is up a little more than 16.5%, while emerging markets are up 9.2% and Eurozone equities and Japanese stocks have increased 15% and 9.8% respectively.

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Market Update – June 7, 2019

The flight to safety continues in the bond market, pushing the U.S. 10 Year Government Bond to 2017 levels. Normally a bond rally like the one we have seen leads to a sell off in equities. However, that is not what we have seen; in fact, the S&P 500 has increased 2.17% in the last week.

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Market Update – May 31, 2019

While most people are fretting about market volatility and the China trade war, at Surevest, we are focusing on the things we can control and the issues that impact our client’s long-term wealth. We are just one tweet away from a 10% rally or a 10% decline in the S&P 500. Either way, looking out 5-10 years, that move will be meaningless to your ability to tap into your portfolio as a source of income to fund your lifestyle.

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Market Update – May 24, 2019

As the trade war with China heated up this week, investors rushed to safety with the 10-Year U.S treasury hitting its lowest level since Nov 2017 with a yield of 2.3% yesterday.

Our view remains that a trade deal eventually gets done, but not as fast as most would like. The potential for a 25% Tarif on the remaining $300 billion of Chinese imports has increased and ultimately could result in about a 0.5 to 1% hit to U.S. GDP; potentially twice that to the Chinese economy.

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