Market Comment Q1 2016

The US stock market has not done much but fluctuate since the end of 2014. At this writing, broad stock market averages are within hailing distance of their all-time highs, but are still only a smidgeon above their levels at the end of 2014. Following the market low in March, 2009, a wave of increasing...

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Market Comment Q4 2015

The combination of high stock market valuations and sluggish growth can be volatile. Following four years of steady advance, in August the stock market succumbed to a correction, popularly defined as a price decline of 10% or more. As shown in the accompanying chart, the S&P 500 declined 260 points from its peak, or 12%,...

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Market Comment Q3 2015

The US stock market continues to shrug off challenges to its bull market run. Despite the drama in Greece and severe gyrations in Chinese stock markets, US stocks have now recovered fully from their correction in June and returned to levels at or above their all-time highs. Investors still have reasonable grounds to expect further...

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Market Comment Q2 2015

MarketComment. The US economy hit a “soft patch” in the first quarter. The initial estimate of GDP growth for the first quarter of the year was 0.2%. This compares to growth of 2.4% for all of last year and hopes that growth might accelerate to 3% this year. As was the case last year, the...

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