Wealth and Wisdom

Summer 2021 Quarterly Commentary

The overall equity markets continued to deliver great returns in the second quarter of 2021. Looking at the broader indexes, the S&P 500 returned 8.17%, the Dow Jones Industrial Average gained 4.61%, and the tech heavy NASDAQ Composite posted an increase of 9.68%.

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Market Update – June 11, 2021

For the large part of the year, the markets have been watching very closely for any new inflation data point. The consensus is that we will experience higher than usual inflation and that most data points released over the next couple of months will be higher than usual. The reason is simple; most of the inflation data compares year-over-year movement, and last year in the second quarter the economy was mostly shut down.

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Market Update – June 04, 2021

The so-called meme stocks are making news this week and some investors are trying to understand what is going on. Let us first define a meme stock, which is a publicly traded company that is talked about on social media sites like Reddit and speculators are coming together to bid the price of the stock up.

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Market Update – May 14, 2021

The markets have been under pressure this week with the tech heavy NASDAQ Composite taking the biggest hit of the major indexes. This week, through Thursday’s market close, the S&P 500 is down 2.84%, while the Dow Jones Industrial Average has declined 2.17% and the NASDAQ Composite has sold-off 4.56%.

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The Economic Consequences of Divorce

Although divorce is more common these days, socially the word “Divorce” has a negative connotation. It may be due to guilt, embarrassment or feeling of failure. Regardless if you are thinking of divorce, going through a divorce, or just divorced, it may not be too late to avoid costly, irreversible mistakes.

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Spring 2021 Quarterly Commentary

The first three months of the year turned out to be very favorable for stocks. The S&P 500 had a Total Return (TR) of 6.17%, while the Dow Jones Industrial Average led the way up 7.76% TR and the tech-heavy Nasdaq Composite posted a gain of 2.95% TR.

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Market Update – March 5, 2021

The U.S. equity markets continue the bumpy ride this week as rising yields continue to weigh on stocks. On Thursday, the S&P 500 was down 1.34%, while the tech heavy NASDAQ Composite decreased 2.11%.

The 10-Year U.S. Treasury Yield has been on the rise since the summer and over the last 30 days, it has spiked up very quickly. That has spooked the stock market and has led to big down days, like yesterday.

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Market Update – February 19, 2021

Yesterday afternoon the Surevest Investment Committee had the pleasure to be part of a small group that enjoyed a live video conversation with Dr. Ben Bernanke. As many of you are aware, Dr. Ben Bernanke served as the 14th Chair of the Federal Reserve from 2006 to 2014. Most importantly, he is one of the top authority figures when it comes to crises as he studied the Great Depression and was the man in charge during the financial crisis of 2008-2009.

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Winter 2020 Quarterly Commentary

Coming into 2020, many investors and analysts were expecting increased market volatility given it was a presidential election year. On top of that, the prior year delivered stellar returns with the S&P 500 Total Return Index up 31.49%. With that backdrop, investors were unnerved and many contemplated selling their holdings and going to cash. Not very long into the year, news broke out of a virus in China, but the U.S. markets shrugged it off as an isolated event and markets continued forward to make new highs. It was not until it was announced that the virus was turning up in Europe and people infected had no direct contact with anyone from China that then the markets began to realize this was not an isolated event.

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Market Update – December 11, 2020

Two giant companies had extremely successful initial public offerings this week. DoorDash, the food delivery service business, ended their first day of trading with an 85% increase, and Airbnb, the online vacation rental company, skyrocketed 112%.

A unicorn is a common business term used to describe privately held startup companies valued at more than $1 billion. To be on this list is quite the accomplishment, but it does not do justice to the market capitalization of DoorDash, which closed its first day of trading with a fully diluted market cap of $72B and Airbnb with a fully diluted market cap of over $100M[i]

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