January 17, 2020 Weekly Market Recap

January 17, 2020 Weekly Market Recap

The stock market plowed to new records this week, as earnings reports, economic data, trade news, and the bullish price action continued to bolster risk sentiment. The S&P 500 (+2.0%), Nasdaq Composite (+2.3%), and Russell 2000 (+2.5%) rose at least 2.0%, and the Dow Jones Industrial Average (+1.8%) followed right behind. Six of the 11 S&P 500 sectors finished with gains of at least 2.0%, including a 3.8% gain in the defensive-oriented utilities sector. The energy sector (-1.1%) was the only sector to finish lower, as oil prices ($58.55/bbl, -0.44,…

A Decade in Review | Financial Synergies Wealth Advisors

Imagine it is early January 2010 and you are reading a review of the financial markets. Investors have been on a roller coaster over the past three years, living through the stress of the global financial crisis and market downturn of 2008 – 2009, then experiencing the recovery that began in March 2009 and is still going strong. Investors who rode out the market’s slide are beginning to be rewarded. But the rebound is 10 months old, and markets have a long way to go to reach their previous highs.…

January 10, 2020 Weekly Market Recap

January 10, 2020 Weekly Market Recap

Stock market returns to winning ways as geopolitical tensions subside. The large-cap indices hit new record highs this week, as tensions in the Middle East were de-escalated and technology stocks continued to outperform. The Nasdaq Composite rose 1.8% to climb past the S&P 500 (+0.9%) and Dow Jones Industrial Average (+0.7%). The Russell 2000 (-0.2%) underperformed for the third straight week. Iran remained a focal point, at least in the first half of the week after it escalated its hostile rhetoric against the U.S. and fired more than a dozen…

January 3, 2020 Weekly Market Recap

January 3, 2020 Weekly Market Recap

The stock market ended a stellar 2019 on a quiet note, started 2020 with a bang, then succumbed to some profit taking after a U.S. airstrike escalated tensions in the Middle East. By week’s end, the S&P 500 declined 0.2%, the Dow Jones Industrial Average declined 0.04%, and the Russell 2000 declined 0.5%. The Nasdaq Composite, however, did increase 0.2%. The positive, yet short-lived, catalyst this week was China announcing it will cut the reserve requirement ratio for small and large banks by 50 basis points on Jan. 6. The…

Seeing Clearly in 2020 | Financial Synergies Wealth Advisors

Seeing Clearly in 2020 | Financial Synergies Wealth Advisors

The start of a new year is a time to reflect and plan. For me, this means understanding what’s driving the markets and economy, reviewing portfolios and financial goals, and reminding myself of the basic principles of investing. This opportunity to quietly reflect, especially after a year of spectacular investment returns, is a rare gift. After all, we will no doubt be bombarded by day-to-day headlines throughout the year to come. Here’s a quote that puts today’s “journalism” into perspective. “Progress is invisible to most people because they don’t get…