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Category Archives: Economy

Stocks rise as U.S. and China reach phase one trade agreement

I think that stocks have been this tremendous, tremendous equalizer for people in this country. Guys who can’t make a lot of money at their jobs have been able to make a lot of money in the stock market. – Jim Cramer There was no shortage of good news last week and, as a result, […]

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Stocks rally after strong jobs report to erase steep losses

A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty. – Winston Churchill In a dramatic turnaround, the Dow Jones Industrial Average rallied 337 points on Friday and nearly erased a 370-point deficit from earlier in the week, closing lower by just 36 points or 0.1%. The S&P 500 […]

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S&P 500 closes strong November with gains on positive economic data

Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves. – Peter Lynch The stock market resumed its uptrend in the holiday-shortened week, making it gains in five of the last six weeks, as economic data was mostly favorable and optimism remained […]

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Stocks fall victim to profit-taking after posting all-time highs

When navigating the financial markets, the long-term investor must keep in mind the four basic dimensions of long-term return – reward, risk, cost and time – and must apply them to every asset class. Never forget that these four dimensions are remarkably interdependent. – John Bogle After reaching all-time highs the previous week, investors decided […]

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Trade deal optimism propels Dow over 28,000, a new all-time high

Other people’s fear is your friend, because it drives the price of stocks down. Your own fear is your enemy. – Warren Buffett The Dow Jones Industrial Average closed above 28,000 for the first time ever last week and in doing so, established a new all-time high. Both the S&P 500 Index and the Nasdaq […]

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Fed rate cut & strong jobs data send S&P 500 to record high

When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, there are smart ways to go about it. – Phil Town, hedge fund manager and author All three major stock averages closed at record highs […]

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Strong earnings, trade optimism lift S&P 500 close to its all-time high

What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower. – William O’Neil, American entrepreneur, stock broker and writer The S&P 500 Index closed higher for the third consecutive week and came within three points of its record high close set back on July […]

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S&P 500 closes modestly higher on strong bank quarterly earnings

Based on my own personal experience – both as an investor in recent years and an expert witness in years past – rarely do more than three or four variables really count. Everything else is noise. – Martin Whitman, American investment advisor and founder of Third Avenue Management The major stock averages closed mixed last […]

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S&P 500 closes modestly higher on partial U.S.-China trade deal

Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble…to give way to hope, fear and greed. – Benjamin Graham Trade negotiations between the U.S. and China resumed last week and when the talks […]

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S&P 500 closes modestly lower in volatile week of trading

October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February. – Mark Twain The month of October has historically been one of the most volatile months of the year and this past week lived up to this […]

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