Market Updates

Monday Morning Market Update

Have you ever watched a group of five and six year olds play basketball for the first time? I had the pleasure on Saturday, when my son and his friends had their first real game after three practices. Six periods of six minutes each in which no one remembered the fundamentals. They were so excited a[...]

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Fiscal Cliff

Fiscal policy makers veered left and missed the cliff. As a result, income taxes will be higher for some, payroll taxes will be higher for all and little was done to improve the deficit spending picture. Global stock markets had a relief rally kind of day yesterday. The question is whether or not th[...]

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Monday Morning Market Update

After staring at a blank white screen for 5 minutes, trying to come up with some way of writing this week’s update without mentioning the fiscal cliff, I’ve decided to give in.  I could write about what I received for Christmas but that probably wouldn’t be as interesting.  The cliff was all[...]

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Looking Forward to the New Year!

While concerns over a lack of resolution on tax policy had markets stirring last week, the economic news released provided some reasons to be more upbeat about the economy in 2013. Last week’s third estimate for 3rd quarter gross domestic product (GDP) showed that the economy had grown by 3.1%.[...]

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Monday Morning Market Update

On Sunday I had the opportunity to meet Santa Claus at a Sunday brunch, the benefit of my having a five year old. During our visit, I spoke to him about whether there would be any gifts from the right or left regarding the impending “cliff.” I also suggested that less giving from our benevolent [...]

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Monday Morning Market Update

Last week’s economic data concluded with the jobs report. The Bureau of Labor Statistics (BLS) noted that “Employment increased in retail trade, professional and business services and health care.” What is important is what’s missing. Absent from that report are manufacturing and constructio[...]

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Monday Morning Market Update

December is usually the beginning of a good two month period for stocks, generally referred to as the “Santa Clause effect” followed by the aptly named “January effect.”  This season brings some unusual uncertainty with the expiration of tax cuts at the end of this month causing consternati[...]

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Consumer Confidence

Consumer Confidence This week Tuesday we’ll get another look at consumer confidence when the Conference Board releases their confidence measure for November. Confidence is critical to watch not only because the consumer drives the economy but because it is a lack of confidence that has resulted i[...]

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The Consumer Rules

As we’ve noted recently, the consumer is still the primary driver of economic growth here in the U.S. Last week’s “Black Friday” and this week’s “Cyber Monday” will be dissected to understand what kind of holiday season retailers might have and whether or not consumers are tightening [...]

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Thanksgiving Week, Perhaps

This week we have a lot to be thankful for. Our families, colleagues and clients. We wish everyone a Happy Thanksgiving and hope you enjoy safe travel and time with your families. It might be helpful to review some of the recent market moving events to see if there is anything we can be thankful for[...]

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