Economic Update – 2nd Quarter 2017

Max Smith, CFP®, CIMA® | Kent Forsey, CFP® Blog, Economic Update

The past quarter and first half of the year were characterized by historically low stock market volatility, the strong performance of both stocks and bonds, and the reversal of several market trends. In this quarter’s commentary, we attempt to explain these phenomena, some of which may seem contradictory. Investment Environment The S&P 500’s actual realized volatility has fallen to among …

Economic Update – 1st Quarter 2017

Max Smith, CFP®, CIMA® | Kent Forsey, CFP® Economic Update

The year 2016 has been a very interesting year on the economic front.  (Not to mention, on the political front.)  It began with a steep double-digit plunge in stock markets in January and into February and ended with a six-week market rally following the election. Equities Overall, global stocks performed reasonably well. U.S. stocks again took the lead, with larger-cap …

Economic Update – 3rd Quarter 2016

Max Smith, CFP®, CIMA® | Kent Forsey, CFP® Economic Update

  Dear Clients, Friends and Associates; Though September was a little slow, we did end up with a decent quarter for growth.  Most of the domestic stock indexes were up over 4%.  International stock indexes were typically up over 6% and emerging markets indexes were up over 8%.  Total bond indexes were basically flat to slightly negative.  Yield on the …

Economic Update – Jan 11 2016

Max Smith, CFP®, CIMA® | Kent Forsey, CFP® Economic Update

  As *Jeremy Siegel says, “There is no way to sugarcoat the beginning of this year”.   As you may be aware from all the headlines, the major culprits for some time, have been the economic conditions in China, along with the unprecedented drop in oil prices.  Bejing continues to be overly active in efforts to control their economic conditions from …

Second Quarter Economic Update – July 15, 2015

Max Smith, CFP®, CIMA® | Kent Forsey, CFP® Economic Update

Second Quarter Performance As the quarter ended, Greece and China were making all the headlines.  Greece for their June 30th default on a debt payment to the International Monetary Fund and China for their very sharp short-term stock market decline and surprise interest rate cut.  And oh yea – Puerto Rico announced it would be unable to fully repay its …

First Quarter Economic Update – April 10, 2015

Max Smith, CFP®, CIMA® | Kent Forsey, CFP® Economic Update

Economic Update Dear Clients, Associates, and Friends, This past quarter was one of those periods when it seemed the domestic markets could not make a decision to which way to go – lots of volatility, yet ended up basically flat for the quarter as measured by the S&P 500 index. Though the European markets were negative last year, they gained …

Fourth Quarter Economic Update – January 13, 2015

Max Smith, CFP®, CIMA® | Kent Forsey, CFP® Economic Update

Economic Update Dear Clients, Associates, and Friends, What Happened Last Year? Last year was another good year for some domestic stocks. The S&P 500 reported a gain of over 13%, which sounds great on the surface. However these gains were mostly driven by a narrow cross section of the market – basically just the largest companies. This left most professional …

Third Quarter Economic Update – October 14, 2014

Max Smith, CFP®, CIMA® | Kent Forsey, CFP® Economic Update

Economic Update Dear Clients, Alliances and Friends, Many of you have been wondering what has been going on this past week causing the increased volatility we have seen in the market. Let us give you a peek at what we and our trusted analysts see at this point. Last quarter numbers The S&P 500 Index was +1.1%, but smaller company …

Second Quarter Economic Update – July 17, 2014

Max Smith, CFP®, CIMA® | Kent Forsey, CFP® Blog, Economic Update

Economic Update Dear Clients, Alliances and Friends, After beginning 2014 with a downward movement of the S&P 500 index in January, February gained all that back and more. Things have continued to move nicely since then to end the 2nd quarter with a YTD return of 7%. (Vanguard Index 500 Fund) The developed international markets were up 4.5% and emerging …