Investment Commentary – August 13, 2014 Dow – 16,560.54 (8/12/14 close) (-0.09% YTD) S&P 500 – 1,933.75 (8/12/14 close) (+4.65% YTD) 10-year Treasury – 2.44% (8/12/14 close) (-19.47%) Stocks sold off last week, then rallied last Friday to notch nominal gains for the week. On the positive side, stocks continue to benefit from strong U.S. [...]
Investment Commentary – August 6, 2014 Dow – 16,429.47 (8/5/14 close) (-0.89% YTD) S&P 500 – 1,920.21 (8/5/14 close) (+3.90 YTD) 10-year Treasury – 2.48% (8/5/14 close) (-18.15% YTD) Last week, stocks suffered their worst 1-day slide in 6 months while volatility reached the highest level since last spring. Analysts think that investors became complacent [...]
Investment Commentary – July 30, 2014 Dow – 16,912.11 (7/29/14 close) S&P 500 – 1,969.95 (7/29/14 close) 10-year Treasury – 2.46% (7/29/14 close) The U.S. economy posted better-than-expected growth in the 2nd quarter, bouncing back from its worst performance in 5 years. U.S. GDP expanded at a seasonally adjusted annual rate of 4% in the 2nd quarter. [...]
Investment Commentary – July 23, 2014 Dow – 17,113.54 (7/22/14 close) S&P 500 – 1,983.53 (7/22/14 close) 10-year Treasury – 2.47% (7/22/14 close) Currently geopolitics is the biggest single threat to the market analysts say. North American oil production has relieved a lot of the stress from any disruption going on in the Middle East. [...]