Oct 11

3rd Quarter Client Note

By Steven Smith | Newsletters

Markets continued to move higher in the 3rd quarter. The S & P 500 (total return) index was up 3.85% and 8.12% year-to-date. The small cap Russell 2000 index increased 9.05%. Foreign markets, which have underperformed significantly over the last decade, were among the best performers. The MSCI Developed Markets Index was up 6.43%; while […]

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Jul 15

2nd Quarter Client Note

By Steven Smith | Newsletters

The S & P 500 (Total Return) Index gained 2.46% in the quarter; but not without a whipsaw caused by the June 23rd vote in Great Britain to leave (Brexit) the European Union. Two days of steep losses (over 5%) were almost completely recovered in the last three days of trading. The index gained 3.99% […]

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Jan 15

4th Quarter Client Note

By Steven Smith | Newsletters

The stock market actually achieved a sizable gain in the fourth quarter. But it sure didn’t feel like it. Going in to the quarter the S & P 500 (Total Return) Index had been down 5.29% for the year. So the 7.04% fourth quarter gain resulted in a small 1.38% increase for the year; almost […]

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Oct 12

3rd Quarter Client Note

By Steven Smith | Newsletters

The extreme volatility during the last week of August virtually ordained the market’s performance for the quarter. Stocks were weighed down by China’s slowing economy and the continuing pressure on commodity prices (especially oil.) China has accounted for approximately half the world’s demand for industrial commodities. The Fed continues to waver on raising interest rates; […]

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Jul 14

2d Quarter Client Note

By Steven Smith | Newsletters

There was plenty of noisy global economic and financial news in the second quarter. The Commonwealth of Puerto Rico is teetering on the verge bankruptcy. The Chinese stock market looks like a monopoly game. And the debt negotiations between Greece and the European Central Bank simmer on. With that backdrop the S & P 500 […]

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