Market Commentary 3/06/2020

Market Commentary 3/06/2020

“Stocks never bottom on a Friday.” – Wall Street Wisdom Considering the breath-taking volatility this week, the above stock market axiom seems appropriate to share. Stocks remained slightly negative on the day but rallied strong into the close. While the strength of...
Market Commentary 3/03/2020

Market Commentary 3/03/2020

Today, the Federal Reserve lowered rates by 0.50% in a “surprise” move before its regularly scheduled meeting later this month. This is the first time the Fed has made such a move since 2008 during the Financial Crisis.  It was done to get ahead of the effects of the...
Market Commentary 2/28/2020

Market Commentary 2/28/2020

Way back…..three days ago, we suggested the selling would continue before a “crescendo” low was reached in the market. Well, if Thursday’s action did not represent such a crescendo then we are likely just a day or two away. Unfortunately,...
Market Commentary 2/25/2020

Market Commentary 2/25/2020

Stock market selloffs never feel good as they are happening. It is human nature to feel fear during a downturn just as it is natural to feel greed during rallies. After all, they are two sides of the same coin. Fear and greed offer balance in a market that otherwise...
Market Commentary 1/28/2020

Market Commentary 1/28/2020

With the beginning of the Senate impeachment trial and the recent breakout of the “Corona” virus, stocks have taken a breather from the strong rally that kicked off 2020. The recent sell-off did not take us by surprise. During the Clinton impeachment, stocks rallied...
Market Commentary 1/10/2020

Market Commentary 1/10/2020

With the broad stock market already up over 1.5% this year it seems clear the fear of investors that stocks would decline immediately following New Year’s, was misplaced. Keeping with our contrarian view that stocks would continue to rise after New Year’s, we remained...