Why Did the Stock Market Fall When the Economy is Doing Well?

Why Did the Stock Market Fall When the Economy is Doing Well?

The answer is that one reflects the past and the other anticipates the future. Last Friday’s advance estimate from the Bureau of Economic Analysis showed the U.S. economy grew 3.5 percent during the third quarter of 2018. Harriet Torry of The Wall Street Journal...
Like An Unexpected Gust of Wind

Like An Unexpected Gust of Wind

Last week’s stock market performance startled investors, like an unexpected gust of wind that blows the hat off your head or flips your umbrella inside out. Looking back, it’s easy to identify some of the factors that may have contributed to investors’ unease and...
Remember: Volatility is Normal

Remember: Volatility is Normal

Major U.S. stock market indices climbed into record territory during August. They gave back some gains last week. Peter Wells of Financial Times explained: “Speculation about a fresh round of tariffs on Chinese imports from the Trump administration weighed on U.S....
STAY ON TARGET

STAY ON TARGET

As a Generation X financial advisor, I was raised on Luke Skywalker, Princess Leia, and Han Solo taking on the Empire with the support of some droids and those adorable little Ewoks. I am absolutely thrilled with the reboot of the franchise for today. I’m one of those...
It’s about time. I was worried the market was broken.

It’s about time. I was worried the market was broken.

Thank goodness the markets corrected last week. The thing can’t just go up and up… and up. The return of volatility is the return to normal. We embrace volatility as the normal operation of healthy markets. In our January client letter we referred to the experience of...
A Lot Happened. Not Much Changed.

A Lot Happened. Not Much Changed.

A lot happened during the third quarter of 2017, but not much changed. The bull market in U.S. stocks continued to charge ahead. Traditional measures of valuation continued to suggest the market is overvalued, but some analysts argued it’s different this time. The...