Archives for Uncategorized

2018 Q2 Investor Quarterly Market Commentary and Investment Perspectives

Greetings, The second calendar quarter of 2018 witnessed a continuation of the stock market’s volatility that manifested itself in early February of this year but was virtually absent in 2017. The S&P 500 Index, the most widely recognized proxy for U.S. Stocks, ended the second quarter of 2018 at 2,718.37, delivering a total return (including dividends) to investors for the period of +3.43%. The relatively modest size of the gain belied the Index’ broad trading range of (approx.) 8% throughout the quarter, from its closing low of 2,581.88 (April 2nd), to its closing high of 2,786.85 (June 12th). Read the
Read More

Categories: Uncategorized.

2018 Q1 Investor Quarterly Market Commentary and Investment Perspectives

Greetings, The first calendar quarter of 2018 saw the end of the longest consecutive monthly gains (fifteen) for the S&P 500 Index in history, a “flattening” of the U.S. bond yield curve, a “narrowing” of credit spreads, and a change in the leadership of the Federal Reserve Bank. The S&P 500 Index started the year in a continuation of the strong 2017 advance (+21.14%, including reinvested dividends), rising +7.45% the first three-plus weeks of the year to its record high level of 2,872.87, before plummeting (-10.16%) over the next nine trading days. It bounced around the mid-point of those two
Read More

Categories: Uncategorized.

April 2018 Special Report: Weighing the Evidence

Greetings, Unless you’ve recently returned from a very long vacation to someplace so remote that news doesn’t reach it, you’re probably aware that the capital markets are behaving far differently in 2018 than they were in the prior year. This special April 2018 report digs into the evidence evident in the market and the potentially positive and negative results of what lies ahead. Read the full article in the downloadable PDF »
Read More

Categories: Uncategorized.

THOUGHT LEADERSHIP: CULTURE, More Than a Slogan

WHAT IS YOUR FIRM? Seems like a simple question, right? A wirehouse. An RIA. A hybrid firm affiliated with an independent broker dealer. A career/captive office. But, that only addresses the business structure. The real question is, what is your firm in terms of people, values, client service, ethics, support and growth, collaboration, etc.? In short, what is your culture?   Read the full article in the downloadable PDF »
Read More

Categories: Uncategorized.

The Investor Quarterly Market Commentary and Investment Perspectives

Greetings, Global capital markets continued their amazing advance in the fourth quarter of 2017. The S&P 500 Index, a proxy for the US equity markets, was up +6.18% for the fourth quarter, and that Index has now delivered a record fourteen consecutive months of positive returns. A synchronized global economic expansion fueled market optimism, and U.S. markets cheered the U.S. Tax Reform Bill passed by Congress, and signed by President Trump just prior to the Christmas holiday. Unlike the previous three quarters of 2017, the U.S. equity markets weren’t the best performing equity markets in the quarter ending December 31st.
Read More

Categories: Uncategorized.

THOUGHT LEADERSHIP: If the DOL Delays, Why You Should Not

Where Are We Now? In August, the DOL asked the Office of Management and Budget (OMB) to delay full implementation of the fiduciary rule until July 1, 2019. The current full implementation date is set for January 1, 2018. The Department of Justice (DOJ) has proposed removing the class-action litigation provision. The DOL has proposed some changes to the best-interest contract exemption (BICE) and the prohibited transaction exemption. The other major provisions of the rule are slated to remain intact at this juncture… Read the full article in the downloadable PDF »
Read More

Categories: Uncategorized.

The Investor Quarterly Market Commentary and Investment Perspectives

Greetings, Global capital equity markets continued their historic advance in the third calendar quarter of 2017, led once again by foreign developed, and emerging markets. Foreign developed equity markets were up +5.4% (MSCI EAFE Index) for the quarter, while their emerging market counterparts were up even more, gaining +7.9% (MSCI Emerging Markets Index) for the period (1). The U.S. stock market once again lagged its foreign competitors for the quarter (S&P 500 Index was up +4.5%), though investors had to be pleased to see a bit of reacceleration in their momentum from the quarter prior, when the Index gained just
Read More

Categories: Uncategorized.

ATPW & Day Hagan | Asset Management Webinar

Looking for returns in fully-valued U.S. markets? With fully-valued U.S. markets, where can investors turn? Chief Investment Strategist Jay Penney and Portfolio Manager Don Hagan discuss various aspects of the global economies and financial markets. Find out the philosophy behind the Day Hagan Logix Tactical Dividend Strategy and what can be done within a U.S. stock portfolio to navigate this unique period of time we are in.
Read More

Categories: Uncategorized.