Monthly Market Updates

Posted June 30, 2017

Tech Weakness Weighs

June has historically been a positive month for the market and this June began with a strong rally to new all-time highs.  The month featured more volatility than we typically see, with multiple new all-time highs for the major indices, some of the best days this year, as well as some of the worst days this year.  Large cap tech has been leading the rally and mid-month we saw some profit taking… Read More ›

Posted May 31, 2017

Rally Rolls On

“Sell in May and go away” is an old adage that harkens back to the pre-high tech era when traders would raise cash ahead of summer vacations in the Hamptons.  We still hear the saying, but that is not what happened this year.  May is traditionally a quiet month and the first 3 weeks were very quiet, with little market movement.  At the end of the month, with President Trump traveling overseas,… Read More ›

Posted April 28, 2017

Earnings Drive Rally

April is traditionally one of the better months of the year for the stock market as money flows into retirement accounts ahead of the tax filing deadline. This year April got off to a slow start with the missile attacks on Syria, the North Korean saber rattling and deployment of the largest non-nuclear bomb in history adding new levels of uncertainty in the early going. For months we have seen buyers on… Read More ›

Posted March 31, 2017

Backing and Filling

In other parts of the country March comes in like a lion and goes out like a lamb, but on Wall Street it has historically been a month of average performance as investors focus turns to getting their taxes done.  The market has been pushing steadily higher since the election on optimism about Trump’s growth oriented policies and that rally continued in early March.  In the middle of the month declining oil… Read More ›

Posted February 28, 2017

More New All-Times Highs

February has historically been a difficult month for the market, as it is one of only 3 months where the average return has been negative. This month we were reminded history is simply a guide, not an absolute.  The market moved higher from the first day and never looked back, as the post-election rally continued into a fourth month.  Not only was the market higher every week during February, but the Dow… Read More ›