Truth in Wealth Building

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Happy Presidents Day!

It is Presidents Day and markets are closed so I leave you with these thoughts. After more than 18 months of nearly uninterrupted advances, the U.S. equity markets started declining this month, with the large sell-off on February 5th. Although it is always difficult to endure these declines when they’re occurring, we encourage investors to…

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Can we Make it Six?

The S&P 500 has recovered about two-thirds of the losses from the recent sell-off, with the Nasdaq recovering about 80%. Both are on five-session winning streaks. (CNBC) The Labor Department said U.S. producer prices accelerated 0.4% last month. The PPI rose 2.7% in the 12 months. Last month, the cost of hospital outpatient care surged…

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Bond Prices Fall – Stocks Rise

The yield on the 10-year Treasury climbed to 2.904% its highest level since January 2014, and slightly above the levels of earlier this month. The yield on the 10-year note hit the high exactly midway through the trading day yesterday. (CNBC) The Commerce Department said retail sales fell in January by 0.3%. Consumer spending increased…

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Is the Market in Love?

The NFIB Small Business Optimism Index jumped two points to 106.9 in January. Now Is a Good Time to Expand registered at 32% an all-time record. Actual Earnings climbed up 11 points from December, the highest level reported since 1988. As small business owners struggle to find qualified workers for open positions, reports of higher…

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The Ying and Yang Continues

The S&P 500 gained 1.4% yesterday. The Nasdaq advanced 1.6%. The 10-year Treasury yield rose to a four-year high on Monday before closing at 2.858%. (CNBC) With 70% of the S&P 500 reporting, fourth quarter earnings growth is up 14.7% year over year. A solid 78% have beaten earnings estimates. Energy, financials, and technology have…

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Officially in a correction

The S&P 500 is officially in a correction, as it has pulled back 10% for the first time since early 2016. Since 1950, on average there have been about three 5% pullbacks a year, one 10% correction a year, and one 20% bear market decline every seven years. Also, this is the first time in…

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