June 2017 Economic Dashboard

(Click image to enlarge) As we pass the halfway point of the year we once again wonder if the years really do fly by faster as we get older, while the kids are wondering why school seems to start earlier and earlier each year. It’s also a time for celebration though as July 4th calls… Read More »

May 2017 Economic Dashboard

(Click image to enlarge) Here in Indy the month of May is mostly about one thing, the Indianapolis 500. As part of the auto-racing triple crown (the Monaco Grand Prix and 24 Hours of Le Mans being the other two), it’s something drivers aspire to win. Winning the race, or even just finishing for that… Read More »

April 2017 Economic Dashboard

(Click image to enlarge) Spring is officially here and it apparently brought the post-election market rally to a halt. On March 1st the S&P 500 hit an all-time high of 2,401, an 11% increase from Election Day. Since then the rally has stalled, having declined about 3% before recovering and finishing April within 20 points of… Read More »

March 2017 Economic Dashboard

( Click image to enlarge ) U.S. stocks continued to hit all-time highs during the first quarter, as optimism is high the economy will enter a faster phase of growth. Central to this theme is the new administration and Congress will enact legislation that will spur government spending (notably defense, homeland security and infrastructure), while… Read More »

February 2017 Economic Dashboard

 ( Click image to enlarge ) In 2002 New England came out of nowhere as underdogs to win their first Super Bowl title. In a season that included the September 11th terrorist attacks and a rapidly-deflating Dot-com bubble, America united around a team fittingly called the Patriots. Fast forward 15 years and those same Patriots… Read More »

January 2017 Economic Dashboard

( Click Image to enlarge ) It finally happened! After flirting with the elusive 20,000 level for six weeks the Dow Jones Industrial Average finally crossed the mark at the end of January. Networks plastered the number all over their broadcasts and traders created hats, but what does it all really mean? Frankly, not a… Read More »

December 2016 Economic Dashboard

( Click Image to enlarge ) Investors welcomed the New Year with the major US indexes at record levels, an unexpected event after a year of many unexpected events (e.g., Brexit, Chicago Cubs, Trump). The broader-based S&P 500 Index recorded its sixth best year of the millennium, amid optimism the malaise that has been the… Read More »

November 2016 Economic Dashboard

( Click image to enlarge ) The election is finally over and like us you probably noticed a result not unlike the Brexit vote: the outcome probably surprised you, no matter which side you voted for, and after a large initial decline the stock market quickly rebounded. The S&P 500 had a 3.70% total return… Read More »

October 2016 Economic Dashboard

( click Image to enlarge ) Like most Americans we are grateful the election will be over on November 8. That said, we continue to maintain that history is the best resource as to the stock market’s reaction to whoever wins the White House.  We have reviewed the market’s performance in past election cycles and… Read More »

September 2016 Economic Dashboard

( click photos to enlarge ) The third quarter could not match the excitement generated by the surprise vote by the UK to exit the European Union, but the looming presidential election in the US has now taken center stage as the most important geopolitical event on the horizon. Past reviews of how the financial… Read More »