Monthly Market Update

North Korea has dominated the headlines lately, with the Labor Day weekend being no exception. At just 33 years old North Korean’s leader Kim Jong-un has proven to be quite unpredictable. Luckily it’s not our job to hypothesize about what actions he’ll take and therefore what military action, if any, should be taken. Our job, […]

Stocks continued their upward march in July (both the Dow 30 and S&P 500 have recorded over 30 new highs this year). The broader-based S&P 500 has ten industry sectors among 505 component stocks. Would you believe only three of the ten sectors have outperformed the entire index return in 2017? This means the other […]

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 for lake weekends eating […]

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 matter, requires skill and […]

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 the high. Much […]

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 reforming regulations, healthcare and taxes. Nothing […]

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 are Super Bowl champions once again, […]

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 whole lot. It’s a nice round […]

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 norm for most of this period […]

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 for the month, crossing 2,200 for […]