Market Commentary

Jobs/Inflation

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Every month we get the jobs report and this morning’s was pretty good. The Labor Department reported 200,000 new jobs were produced in January. That was a bit more than expected but what was a surprise was that wage growth increased at an annual rate of 2.9%, the fastest pace in more than eight years. […]

Market Commentary

Existing Home Sales

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A report comes out each month outlining the sales of homes that already exist. The number fell sharply for December. Normally that might be bad news but not in this case. The problem is a lack of inventory which has been ongoing for 31 months in a row. Supple of homes dropped 11.4% in December […]

Market Commentary

Are We in a Euphoria Stock Market?

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The question is raised because once Euphoria sets in with stock market investors the end of the market is nigh. John Templeton a long time legend in investing, has described the four phases of investing in 1994. He said “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” […]

Market Commentary

Cryptocurrency Crash

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Everyone is talking about the new way to do business with cryptocurrency. Even the average person on the street has heard about it and is wondering how they can make money, at the same time not having a clue as to how it works. That is a clear sign of a bubble and we are […]

Market Commentary

The Fall Of Bonds

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The Bond market has been referred to as a leading indicator for stocks and this week bond prices have fallen hard with yields rising sharply. The cause was twofold, Japan said they would cut their form of QE, trimming their bond buying program, and there was a rumor that China is considering cutting back on […]

Market Commentary

Monthly Jobs Report

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This morning’s December Jobs Report stated we produced 148,000 new positions but that was much less than the month before and much less than expectations. The end of the year jobs numbers often are revised strongly up or down simply because of the seasonal hiring for the holidays. The previous two months numbers were revised […]

Market Commentary

Commodities

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For the second year in a row the broad commodities index has risen. Not nearly as much as the overall market, but after being left for dead it seems those companies that use, mine or sell commodities might finally get their chance at leading the stock market in 2018. The lack of inflation has been […]

Market Commentary

Home Property Values

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Every quarter the S&P/Case-Shiller National Home Price Index comes out. For the period ending in October it was up .7% from the previous quarter and year over year up 6.2%. Prices rose in more than half of the country led but San Francisco and Las Vegas. Builders are upbeat, supply is tight and prices are […]

Market Commentary

The Federal Income Tax

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A sweeping tax law change passed this week and it will have a major impact. For those states that have high property values thus high mortgages or states that have high state income taxes the law will affect them the most. There is a cap on the mortgage interest rate deduction of debt up to […]