Schwab Impact

with No Comments

Skygate Financial Group attended the annual Schwab Impact event Nov 10-13 in Boston. It was a great opportunity to get a sense of what is going on in the RIA space, which continues to grow at amazing rates. Some of … Read More

Weekly Market Commentary, November 16, 2015

with No Comments

Attacks on Paris by the Islamic State were an appalling exclamation point at the end of a difficult week for stock markets.

World stock markets tumbled as investors braced for a possible rate hike by the Federal Reserve in December. Many national indices across the United States, Europe, and Asia experienced downturns of more than 2 percent. The Dow Jones Industrial Average lost 3.7 percent and the Standard & Poor’s 500 Index gave back 3.6 percent. The exception was Japan’s Nikkei 225, which gained 1.7 percent, largely because its weakening currency benefitted Japanese exporters.

The chances are pretty good the Federal Reserve will lift rates during December. A Reuters’ poll of 80 economists asserted there is “a 70 percent median chance the U.S. central bank would raise its short-term lending rate at its final meeting of the year…” A survey taken by The Wall Street Journal found 92 percent of academic and business economists expect Fed liftoff in December.

Weekly Market Commentary – November 9, 2015

with No Comments

And, the Bureau of Labor Statistics (BLS) said…

U.S. job growth surpassed expectations in October. About 271,000 jobs were created across diverse industries: professional and business services, health care, retail, construction, and others. That was a significantly higher number than predicted by economists who participated in a survey conducted by The Wall Street Journal. They expected to see 183,000 new jobs for October.

The BLS revised August and September jobs numbers higher overall and reported improvement on the wage front, too. Average hourly earnings increased by nine cents during October. For the year, hourly earnings are up 2.5 percent. Rising wages and a 5 percent unemployment rate “appear to indicate…

Weekly Market Commentary – November 2, 2015

with No Comments

There was much to be said for U.S. stock markets’ performance during October. Both the Dow Jones Industrial Average and the Standard & Poor’s 500 Index delivered their best monthly performance in four years, according to Barron’s.

Any celebration of strong market performance was cut short when the Commerce Department’s estimate of third quarter U.S. gross domestic product (GDP) growth was released last week. GDP was in positive territory, up 1.5 percent for the period, but growth fell short of second quarter’s 3.9 percent, according to the BBC.

The primary reason for the decline was falling inventories. During third quarter both individuals and companies were worried about a possible slowdown in global growth. The Economist reported one reason companies may have reduced inventories is because they feared demand for goods would not be strong if the world economy weakens. That didn’t prove out as sales of American goods and services…

Weekly Market Commentary – October 26, 2015

with No Comments

Central banks were at it again – and markets loved it.

Last week, European Central Bank (ECB) President Mario Draghi surprised markets when he indicated the ECB’s governing council was considering cutting interest rates and engaging in another round of quantitative easing. The Economist explained European monetary policy was heavily tilted toward growth before the announcement:

Weekly Commentary – October 19, 2015

with No Comments

How quickly emotions have changed since August. Worry? Angst? It’s already priced into the markets, according to some experts.

Last week, Barron’s published the results of its Big Money Poll, a biannual survey of professional investors and money managers. A majority of those surveyed (55 percent) were bullish about U.S. markets’ prospects through June 2016, 29 percent were neutral, and 16 percent were bearish. That’s a big shift. Last spring, just 45 percent of those polled were bullish and nearly one-half were neutral. This time around, things are different:

“After a wild and crazy summer…

1 28 29 30 31 32 33 34 36

Pin It on Pinterest