Market Update | Week Ending 09/15/2018

Stock markets end the week near record highs - Stock markets surged this week to near record levels rebounding from a 1% drop the prior week. Investors feel that the longest bull market in history will last well into 2019 based on strong fundamentals in the economy. Those include: unemployment [...]

Market Update | Week Ending 09/08/2018

Wages grew at highest pace since 2009 - 201,000 new jobs created in August - The Labor Department reported that  the U.S. economy added 201,000 new jobs in August. That number beat analysts expectations and marked the 95th conservative month of job growth. The unemployment rate held steady at 3.9%, a 50 year low. The [...]

Market Update | Week Ending 09/02/2018

Stocks hit record highs this week - Stocks rallied at the beginning of the week after a televised phone call with President Trump and Mexican President Enrique Peña Nieto where they announced that they are close to a trade deal to replace NAFTA. There was optimism that a deal was in the [...]

Market Update | Week Ending 08/25/2018

Stocks end week at record highs - Longest Bull Market in history - Stock ended the week at record highs, for the first time since January, after Fed Chairman Powell released remarks stating that inflation is tame, and that The Fed no longer fears the economy will overheat and spike [...]

Market Update | Week Ending 08/18/2018

California Employers add 46,700 jobs in July - The Employment Development Department reported that 46,700 new jobs were added in July. The unemployment rate held at a record low of 4.2%. The number of job gains exceeded expectations, but average hourly wages rose just 2.2% from one year ago.   Stocks surge on [...]

Market Update | Week Ending 08/11/2018

Stocks lower for the week - Stock market indexes posted their first weekly loss since the last week of June. Markets, which were within 1/2% of all time highs last week, after a stellar second quarter earnings season, reacted to a financial crisis in Turkey and an increase in back [...]

Market Update | Week Ending 08/04/2018

157,000 new jobs added in July - The Bureau of Labor Statistics reported that 157,000 new jobs added in July. This was below the 193,000 expected by analysts, but still a healthy number. In the last 12 months job gains have averaged 203,000 a month. Wage growth, which is an indicator of inflation risk, [...]

Market Update | Week Ending 07.28.2018

Strong second quarter earnings lifts Dow and S&P while NASDAQ drops on tech fears -  As second quarter earnings season has begun most companies are reporting better than expected earnings. Social media companies were an exception. The NASDAQ hit an all time high on Wednesday, only to fall sharply [...]

Market Update | Week Ending 07/21/2018

Stocks end week with mixed results - Strong second quarter earnings were hampered by trade and tariff fears.  Stock market indexes were slightly changed from last week. The Dow Jones Industrial Average closed the week at 25,058.12, up from 25,019.42 last week. It is up 1.4% year to date.  The S&P 500 closed the week at 2,801.31, [...]

Market Update | Week Ending 07/14/2018

Stocks up for a second straight week - Stocks rallied again this week as investors expect a robust second quarter profit reporting season. Fueled by tax cuts and a strong global economy, many companies are expected to report double-digit profit growth. Stock markets are now just 3% below their all [...]

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