Commentary – Page 224 – Beacon Wealth Advisors, LLC

31 Jul

A Tough Stretch for High-Quality Bonds

It’s been a difficult stretch for fixed-income investors since yields bottomed in the summer of 2016. As shown in the LPL Chart of the Day, the 2-year cumulative total return for the broad high-quality bond market (as represented by the … Continue reading →

31 Jul

Market Update: Tuesday, July 31, 2018

Daily Insights Eurozone growth moderates as inflation picks up. Second quarter gross domestic product in the euro-area economy came in at its weakest level in two years (+0.3%) as inflation (+2.1%) breached the European Central Bank’s (ECB) 2% level for … Continue reading →

30 Jul

August Preview: A Month for the Bears?

The surprise summer rally continues, as the S&P 500 Index is on pace to gain for a fourth consecutive month. In fact, should July close in the green, over the past 21 months, the S&P 500 has closed higher all … Continue reading →

30 Jul

Market Update: Monday, July 30, 2018

Daily Insights Earnings season rolls along. The current earnings season has been marked by very strong growth, limited upside, and resilient estimates. With 265 S&P 500 index companies having reported, earnings growth is tracking to a solid +22.6% year over … Continue reading →

27 Jul

Weekly Update 7/27/2018 – Foreign Stocks Shine, Technology Tanks U.S.

US: S&P 500 Index -0.7%, Dow +0.4%, Nasdaq -1.5% Europe: STOXX Europe 600 +0.4%, German DAX +0.4%, France CAC 40 +0.6%, U.K. FTSE 100 +0.5% Asia: Japan Nikkei +0.6%, China Shanghai Composite -0.3%, Korea KOSPI +0.3% Rates/Commodities: 10-Year Treasury yield +6 basis points to 2.96%, WTI crude oil … Continue reading →

27 Jul

Initial Reaction to Second-Quarter GDP

Real gross domestic product (GDP) grew 4.1% in the second quarter, slightly below consensus expectations for 4.2% growth. However, as our LPL Chart of the Day shows, the print was one of the highest of the business cycle thanks to … Continue reading →

27 Jul

Market Update: Friday, July 27, 2018

Daily Insights GDP growth strongest since 2014. Real gross domestic product (GDP) grew at a 4.1% annualized rate in the second quarter, the fastest pace since 2014, but just below consensus expectations for 4.2% growth. The print was one of … Continue reading →

26 Jul

Powell’s Insight Highlights Importance of Flexibility

Federal Reserve (Fed) Chair Jay Powell offered interesting insight on the U.S. economy and monetary policy last week. In testimony to Congress, Powell said he was more concerned about low inflation than high inflation, a view that echoes market sentiment … Continue reading →

26 Jul

Market Update: Thursday, July 26, 2018

Daily Insights ECB holds steady. As expected, the European Central Bank (ECB) announced that it would continue its asset-buying program through the end of September and stated that it would keep interest rates unchanged “at least through the summer of … Continue reading →

25 Jul

Focus 2018 Is Here. Are You Ready?

Next week is Focus 2018, our flagship conference that brings together the best and brightest in the industry to discuss the most relevant opportunities for and challenges facing financial professionals today. The conference runs from Sunday, July 29, to Tuesday, … Continue reading →

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