November 2017

November 2017 Monthly Summary

We have said it many times this year, 2017 has been a very good year for investors. The year has had its drawbacks politically and socially, but most investors should be happy seeing their account statements through November. With the latest GDP data showing a growth rate of 3.3%1 and unemployment at full employment levels, it […]



October 2017 Monthly Summary

The S&P finished up over 2.3% for the month of October as we continue to break stock market records on almost a weekly basis.1 Those who would have heeded the theory of “Sell in May” would have missed out on 7.5% market gains over the last five months. Corporate earnings have been strong for the most […]


August 2017 Monthly Summary

  August gave us hurricanes and missile launches, but the streak of positive returns for the S&P 500 index continued. This large cap index was up a meager 0.31% while most small, mid, and international equities were actually negative for the month.1 Euphoria in the markets was absent, so the nervous money went into treasuries. The […]

JULY 2017

July 2017 Monthly Summary

All-time highs continue to be surpassed with stocks as the S&P 500 was up another 2% in July.  Interest rates held steady while the Barclays Aggregate gained another 0.46% last month.1  The pattern of positive economic data continues, although there hasn’t been a catalyst of tax reform or legislative changes to justify a continuation of […]

MAY 2017

May 2017 Monthly Summary

This is beginning to sound like a broken record. The S&P 500 was up for the seventh consecutive month. In May, it was up 1.41% with technology continuing to lead the way. Energy was the worst performing sector, plagued with more concerns of a supply glut. On the bond side of the equation, the Barclays […]

APRIL 2017

April 2017 Monthly Summary

As strange as it may sound, if you watch enough news about the stock market, you will sometimes hear about “animal spirits”. This is not to be confused with the practice of introspective self-identification. My lightning-fast 11 year old daughter associates the cheetah as her spirit animal, but animal spirits are different. In 1936, John […]


February 2017 Monthly Summary

February was another strong month for investors, as the bull market continued. The S&P 500 finished up nearly 4%, while the Barclays Aggregate Bond was up 0.69%.1 Even better news, some of the stocks that were holding back performance in 2016 are leading the pack so far this year. In this sense, we are seeing […]


January 2017 Monthly Summary

I often refer to the John Maynard Keynes quote “The market can stay irrational longer than you can stay solvent” as a way of qualifying why stocks do what they do. It helps explain how fear can overshadow fundamentals and your portfolio values could drop from one month to the next without justification. January, was […]