Market

To Infinity and Beyond

September 9th, 2019|

By Pete Biebel, Senior Vice President

After soaring in the previous week, stocks flew higher again last week.  The major averages all gained between 1 ½% and 2% for the week and they all ended the week at their highest levels since climbing to record highs in July.  The Buzz Lightyear moment came on Thursday morning […]

A Vacation’s Revelations

September 3rd, 2019|

By Pete Biebel, Senior Vice President

Vacations are a great time for observation, reflection and contemplation.  I’d like to share with you several observations that occurred to me during a recent week at the beach.  First, the beach is a great place for people watching.  I know art fairs and airports are good people watching venues […]

A Wild Journey to Nowhere

August 12th, 2019|

By Pete Biebel, Senior Vice President

In a week dominated with trade war and central bank news, and following on the heels of their worst week of the year, the major averages ended last week with relatively minor losses.  Both the S&P 500 Index (SPX) and the NASDAQ Composite Index (COMP) lost about 0.5% and the […]

Patience Young Grasshopper

August 9th, 2019|

By Joanne M. Welker, CFA, Senior Vice President and Manager, Advisory Services

Volatility is upon us once again.   When the short-term investment charts start to look like roller coasters and sketches of mountain ranges, it is important to recall the work you have already done with your Financial Advisor.  The mutual efforts and planning you have […]

Powell Gets Trumped

August 5th, 2019|

By Pete Biebel, Senior Vice President

Two significant news events resulted in stocks having their worst week of the year.  The first half of the week was fairly quiet with a slight negative bias.  Neither the S&P 500 Index (SPX) nor the NASDAQ Composite Index (COMP) were able to improve upon their record highs of the […]

Sharp Curves Ahead

July 29th, 2019|

By Pete Biebel, Senior Vice President

As the week begins, the Wednesday afternoon Fed policy announcement and press conference looms.  Regardless of how smooth the road is early in the week, we’ve been warned to expect some bumps and turns midweek.  The market expects the Committee will surely cut their short-term rate by 0.25 percentage points.  […]

Wake Me When It’s Over

July 22nd, 2019|

By Pete Biebel, Senior Vice President

Stocks had a disappointing performance last week, especially considering that the major averages all finished the previous Friday at record highs.  Trading action was disappointing not only because prices declined, but also because of the general dullness in the market.  Other than a couple knee-jerk reactions to trade war and […]

Please Don’t Fed the Bears

July 15th, 2019|

By Pete Biebel, Senior Vice President

Long-time readers might recall that I used that same title about four years ago.  Conditions then were unlike they are now; “unlike” as in diametrically opposed.  Back then, the S&P 500 Index (SPX) was hovering just above the 2000 level and the Fed was on the verge of its first […]

June Boon

July 1st, 2019|

By Pete Biebel, Senior Vice President

Oh June, you ended too soon.  The month following the May swoon saw markets go over the moon.  The Dow Jones Industrial Average (DJIA) had its best June performance since 1938, climbing about 7.2%.  The S&P 500 Index (SPX) gained nearly 7% for the month, making it its best June […]

Do You Believe in Magic?

June 24th, 2019|

By Pete Biebel, Senior Vice President

Pretty much all around the world, stocks had a great week last week.  The S&P 500 Index (SPX) hit a new high and ended the week with a 2.2% net gain.  The Dow Jones Industrial Average (DJIA) climbed 2.4% but fell just short of reaching its old highs.  The NASDAQ […]