Commentary – Page 333 – Beacon Wealth Advisors, LLC

12 Aug

Why New Highs in August Are Rare and Significant

The S&P 500 made another new all-time high yesterday, the ninth since July 11—which was the first new high in nearly 14 months. Here’s where things get interesting, new highs are rather rare in this historically tough month of August. … Continue reading →

12 Aug

Market Update: Friday, August 12, 2016

Stocks open flat after record highs set amid oil rally. Equities are near flat to start the session after yesterday’s trading saw the Dow, S&P 500, and Nasdaq all gain around half a percent for the day, marking the first … Continue reading →

11 Aug

With 100 Days Left in 2016, Should You Really “Sell Everything”?

Yesterday marked 100 trading days left in 2016, making today a nice chance to reflect on what has happened this year and what might happen for the rest of 2016. As of yesterday, the S&P 500 was up 6.4% for … Continue reading →

11 Aug

Market Update: Thursday, August 11, 2016

Equities and oil jump. U.S. averages are rebounding this morning as department store earnings give markets a boost; Macy’s and Kohl’s reported well-received results this morning, while Nordstrom is set to report after the closing bell. Yesterday’s decline was paced … Continue reading →

10 Aug

What Do New Highs for the Nasdaq Mean?

The Nasdaq joined the party of new all-time highs last week on Friday, making its first all-time high since July 20, 2015. With the S&P 500 and Dow both already making new highs, the tech-heavy Nasdaq is finally starting to … Continue reading →

10 Aug

Market Update: Wednesday, August 10, 2016

Stocks pause; oil and JOLTS in focus. Major indexes finished flat yesterday as concern in the oil patch caused early gains to reverse after the Nasdaq reached a new all-time high; equities remain little changed this morning as investors wait … Continue reading →

09 Aug

Are Crude Oil Prices Due to Bounce After Recent Weakness?

Last week, WTI crude oil futures prices recorded a value of 29 on the daily Relative Strength Index (RSI-14) indicator, which is considered to be short-term oversold. The RSI-14 remained in this oversold condition for just one day; looking back … Continue reading →

09 Aug

Market Update: Tuesday, August 9, 2016

U.S. stocks resume advance. U.S. equities are following overseas markets higher this morning after the Dow, S&P 500, and Nasdaq all finished with minor losses on Monday. Losses were due in large part to the heavily weighted healthcare sector, which … Continue reading →

08 Aug

Fear the Fed?

Should Friday’s strong jobs report (released August 5) lead investors to sell stocks and worry more about their bond portfolios? First, on the stock side, keep in mind that the stock market has historically done well after the initial Federal … Continue reading →

08 Aug

Market Update: Monday, August 8, 2016

Equity advance continues, oil gets OPEC boost. U.S. stocks are set to build on a strong finish to last week, with modest gains this morning that will likely push the S&P 500 to another record high, at least on an … Continue reading →

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