This morning the Bureau of Economic Analysis released the second quarter GDP estimate and, while growth was down 3.1 percent from the first quarter, it was still a healthy 2.1 percent with consumer and government spending that was strong.
Veruca Salt was a character in the novel and film Charlie and the Chocolate Factory. Her character was the greediest, most spoiled child of all the children that received a “Golden Ticket” and had the opportunity to tour the Wonka Chocolate Factory
Investors the world over are starved for yield. Investments that provide a consistent stream of cash flow are vital for insurance companies, pensions, retired individuals and banks.
On Saturday, March 9, we mark the 10th anniversary of the stock market bottom that started the great bull market we’re now experiencing. Traditionally, tin is the gift given on a 10th anniversary. So in lieu of a gold star, the equity markets deserve a tin star for impressively running up 400 percent since that bottom.
The offhand reference to stock charts in a rising trend accurately describes the good times stock investors have enjoyed so far this year. For those who hung tight amid the carnage of December, the S&P 500 has delivered returns just shy of 11 percent so far this year.
Opportunity zones have become a trending topic in financial circles of late and we are taking a “walk, don’t run” approach when reviewing the space.
Versus Capital is a partner that we utilize for private real estate and real asset investing on behalf of clients.
Stocks put in a bottom on Christmas Eve of 2018 and have since rallied close to 10 percent. While December of last year was the worst since 1931, we believe that the worst is behind us.
Global markets sold off sharply on Wednesday and Thursday as investors continued to wrestle with a diverse set of risks.
Markets were inundated with a barrage of political, economic and stock-specific news this week, challenging investors to stay on top of it all.
Ralph Cole, CFA, is Ferguson Wellman’s new director. He joins the current board that includes Dean Dordevic, Steve Holwerda, CFA, George Hosfield, CFA and Jim Rudd.
News of political uncertainty in Italy, trade disputes and a strong employment number for May injected volatility into the U.S. stock market, with the S&P 500 ending up .43 percent for the week and U.S. Treasury bond prices moving higher, with the yield on the 10-year bond ending the week at 2.89 percent.