Market and Economic Updates


When people think of investing most think of the stocks of companies in the Dow Jones Industrial Average or the S&P 500.  However, almost all our clients’ accounts have bonds too as part of a well-diversified portfolio.  Bonds (Fixed Income) are debt securities issued by companies, state and local governments, and the U.S. Federal Government that obligates the issuer/borrower to pay interest to the lender/investor for a...

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“In times like these, it helps to recall that there have always been times like these.” – Paul Harvey As we enter the fourth quarter of 2016, it’s worth noting that this long-running bull market has now lasted nearly seven and a half years.  If that seems hard to believe, let us remind you that the S&P 500 index hit the Great Recession low of 677 on March 9, 2009.  Yet on September 30, 2016, the market closed at...

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As of Labor Day, September 5, there were only 64 days until Election Day.  However, early voting in Tennessee starts Wednesday, October 19, just 44 days after Labor Day weekend signals the end of summer. There are many issues surrounding the presidential election this year – immigration; ISIS; gun control; education; foreign policy regarding China, Israel, and Iran; and the list goes on.  One area that concerns and affects us all is...

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Like many of you, Don and I and our families had a wonderful time celebrating the Fourth of July holiday weekend. When I was growing up, the Fourth seemed mostly about barbeques, friends, hanging out at the pool, and fireworks.  It was also always the end-of-season tournament for my little league team, after which I looked forward to our upcoming vacation. Throughout the years, however, we’ve come to better appreciate what...

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On Friday, June 24, the day after the United Kingdom voted to leave the European Union, we sent out a client update via email.  The theme of our alert was that the “leave” vote took world-wide investors by surprise and investors don’t like surprises.  We also discussed the time frame of the UK’s exit from the EU, which is unlikely to happen for at least two years after Parliament votes to begin the process.  That...

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When people talk about “the market,” exactly what are they talking about?  More than likely, they are talking about one of two indexes that are widely reported in mainstream media, financial networks, and many daily publications. These two indexes are the Dow Jones Industrial Average (DJIA) and the S&P 500. Let’s explore both indexes to get a better understanding of exactly what the indexes are reporting. The...

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