Market Update – April 12, 2019

It’s been an uneventful week on Wall Street, with the S&P 500 trading flat through Thursday’s market close. On the fixed income side, the U.S. 10-Year Treasury is trading just below a 2.5% yield.

It was not too long ago that the markets were talking about rising yields and the competition bonds would be for stocks. It was not too long ago that the markets were talking about rising yields and the competition bonds would be for stocks. While yields were on the rise, the narrative was subjectively doubtfully on the outlook of investors taking on equity risk for only an incrementally higher expected return.

Market Update – April 5, 2019

What a way to start the new year; the major world equity markets finished the first three months with strong returns. The tech heavy NASDAQ Composite Index led the way with a return of 16.49% for Q1 2019, followed by the S&P 500 at 13.07% and the Dow Jones Industrial Average came in with a gain of 11.15%. The rest of the world was not far behind, the MSCI All World Index ex US had a positive return of just over 9.5% and the MSCI Emerging Markets Index had a respectable 9.54% increase.

Market Update – February 15, 2019

In the short run, a pullback is likely, but we would view that as an opportunity to put cash to work. The S&P 500 has started out strong in 2019, up 10.45% on the year. The move has been rapid. Normally when you hit technical resistance such as a 200-day moving average, people naturally look for an excuse to take profits.

Market Update – February 8, 2019

Robert Luna, CEO and Chief Investment Strategist at Surevest, was flown out to New York to share his insights on the markets and earnings season. So far, this year is off to a great start, with the U.S. markets up mid-to-high single digits. Does the economic data support the current market increase and are valuations in line with what should be expected this year?

Market Update – February 1, 2019

The Federal Reserve concluded its first meeting in 2019 and kept its target between 2.25 and 2.5 percent.  Over the last year, the Fed and the markets have been battling over the path of interest rate hikes.  On one side, the Fed has cited strong economic growth and made its case for three hikes in 2019, but the market had another opinion.

Market Update – January 25, 2019

The first month of the year is turning out very different than the last month. We still have 5 trading sessions in the month, but so far it is looking promising for the U.S. markets. The S&P 500 has returned 6.25% as of early trading on Friday morning, while the Dow Jones Industrial Average is up 6.29% and the tech heavy NASDAQ has increased the most at 7.53% for the same time period.