Commentary – Page 261 – Beacon Wealth Advisors, LLC

15 Nov

Market Update: Wednesday, November 15, 2017

Market Recap Domestic markets finished lower across the board. Tax reform headlines slowed ahead of House vote, market fundamentals appear intact despite slight pullback. S&P 500 Index -0.2%, Dow -0.1%, Nasdaq -0.3%. Utilities, consumer staples led markets; energy lagged on … Continue reading →

14 Nov

Tax Reform Winners: Sectors to Watch

Recently released tax reform proposals from both the House and Senate are being scrutinized by politicians, investors, and corporations alike. As the bill works its way through Congress, many changes are likely; but, for now, we’ll focus on which equity … Continue reading →

14 Nov

Market Update: Tuesday, November 14, 2017

Market Recap Domestic markets slightly higher after calm trading day. Tax reform still dominates macro headlines, but flattening yield curve has also come into discussion. S&P 500 Index +0.1%, Dow +0.1%, Nasdaq +0.1%. Utilities, consumer staples led markets; industrials, energy, … Continue reading →

13 Nov

Fundamentals Still Matter

For nearly a decade, businesses have been operating in a relatively slow growth environment. Chastened by global financial crisis of 2008–2009, corporate decision makers were satisfied maintaining market share and rewarding shareholders with buybacks and dividends. The low interest rates … Continue reading →

13 Nov

Market Update: Monday, November 13, 2017

Market Recap Major equity averages little changed overall; well-received earnings helped offset news that effective date of a lower corporate tax rate may be delayed into 2019. Dow -0.2%, S&P 500 Index -0.1%, Nasdaq flat, Russell 2000 Index flat. Stocks’ … Continue reading →

10 Nov

Climbing Together

The Nasdaq has closed at more new all-time highs in 2017 than in any other year in history—as Ryan Detrick, Senior Market Strategist, discussed with Brian Sullivan on CNBC Trading Nation earlier this week. Although that’s big news, the Nasdaq … Continue reading →

10 Nov

Market Update: Friday, November 10, 2017

Market Recap Major domestic indexes dipped lower, but climbed back off of worst levels. Tax reform concerns persist as reconciliation efforts between the House and Senate advance. S&P 500 Index -0.4%, Dow -0.4%, Nasdaq -0.6%. Telecommunications and energy outperformed as … Continue reading →

09 Nov

Balance Sheet Normalization is Under Way

Since the end of the latest quantitative easing program in October 2014, the size of the Fed’s balance sheet had been relatively stable at $4.5 trillion, as the central bank was reinvesting the proceeds of maturing securities. The Fed announced … Continue reading →

09 Nov

Market Update: Thursday, November 9, 2017

Market Recap Major indexes hit fresh record highs, though gains were marginal as tax reform efforts to reconcile House, Senate bills remains a concern. S&P 500 Index +0.1%, Dow flat, Nasdaq +0.3%, Russell 2000 +0.2%. Consumer staples, technology sectors outperformed … Continue reading →

08 Nov

Market Update: Wednesday, November 8, 2017

Market Recap Major indexes little changed after slipping from early highs. Traders turned defensive with little economic news and lackluster earnings releases. S&P 500 Index flat, Dow flat, Nasdaq -0.3%. Financials, consumer discretionary sectors weighed; defensive sectors (utilities, consumer staples) … Continue reading →

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