March Monthly Newsletter

[media-downloader media_id=”4484″ texts=”Download PDF” class=”cherry-btn”] February 2020 Index Month Year Dow Jones -9.71% -10.50%  S&P 500 -8.21% -8.24% NASDAQ -6.20% -4.29% Barclays +1.80% +3.75% 10-Yr UST began the month with a 1.52% yield and finished February at a yield of 1.14%.   Markets As February ended, the Dow Jones Industrial Average had its worst week …

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March Monthly Newsletter

Coronavirus Fear May Lead to More Extreme Volatility, or Something Worse As February ended, the Dow Jones Industrial Average logged its worst week since the Financial Crisis and the S&P 500 Index dropped by more than 11% into correction territory. An estimated $7 trillion in market value was lost before the selloff slowed and the …

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February Monthly Newsletter

[media-downloader media_id=”4461″ texts=”Download PDF” class=”cherry-btn”] January 2020 Index YTD Month Dow Jones -0.88% -0.88%  S&P 500 -0.04% -0.04% NASDAQ +2.02% +2.02% Barclays +1.92% +1.92% 10-Yr Treasury yield was 1.91% at the start of 2020 and 1.50% at the end of January.   Markets   Despite two brief dips in January, the stock market managed to …

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February Monthly Newsletter

Disagreement Deepens Between Stock Market and Logical Bond Market Recently I pointed out that the current blow-off top rally happening on Wall Street is a good illustration of why the bond market is said to be smarter than the stock market. The stock market—which is driven mainly by emotion and animal spirits—has continued to soar …

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January Monthly Newsletter

December 2019 Index YTD Month DOW +25.07% + 1.86% S&P500 +31.19% + 3.00% NASDAQ +36.55% + 3.64% Barclays +8.71% – 0.60% 10-Yr Treasury yield was 1.77% at the end of November and 1.91% at the end of December. It began the year at 2.68%, giving us a TR of +8.8% for 2019. Market The stock …

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