Commentary – Page 350 – Beacon Wealth Advisors, LLC

13 Jun

Market Update: Monday, June 13, 2016

Global stocks down sharply, safe havens up. U.S. equities are moving lower this morning, in tandem with foreign indexes, after the S&P 500 flirted with record territory early last week before Friday’s pullback of nearly 1% left it at 2096.07. … Continue reading →

10 Jun

Historic Nomination Prompts Reflection on Trailblazing Women Across Party Lines

Earlier this year, in our Thought Leadership publication, “Gender Equality: Good for Business,” we highlighted the gender gap in corporate America’s c-suites and boardrooms and the resulting underutilization of a deep talent pool. While we remain non-partisan on the merits … Continue reading →

10 Jun

Market Update: Friday, June 10, 2016

Stocks sliding as Treasuries continue to gain momentum. Global markets are reeling on Friday, as the 10-year German Bund approaches a zero yield amid heightened Brexit concerns. Domestic markets were led lower yesterday by financials, though high dividend stocks outperformed … Continue reading →

09 Jun

Bullish Market Breadth: Better Late to the Party Than Not Show Up at All

The S&P 500 Index continues to participate in a rally off its February 11, 2016, low price at 1810; it has moved approximately 15% higher and is currently within 1% of its all-time high level at 2134. The interesting part … Continue reading →

09 Jun

Market Update: Thursday, June 9, 2016

Equities and oil lower; global growth back in focus. The three-day win streak for the S&P 500 is in jeopardy as investors weigh a surprise rate cut from the Bank of Korea and the jobless claims report. WTI crude oil … Continue reading →

08 Jun

Budget Busters

Yesterday, the nonpartisan Congress Budget Office (CBO) published its estimates (based on data from the Daily Treasury Statements) of the federal budget deficit in May 2016 and in the first eight months of fiscal year 2016 (October 2015 through September … Continue reading →

08 Jun

Market Update: Wednesday, June 8, 2016

Stocks higher despite yesterday’s late sell-off. A continued rise in WTI crude oil, which finished up 1.3% yesterday, is buoying U.S. markets in early trading after a lackluster close to Tuesday’s session. The energy sector’s more than 2% gain propelled … Continue reading →

07 Jun

OPEC: Dead, Comatose, or Irrelevant?

Last week’s OPEC (Organization of the Petroleum Exporting Countries) meeting was a microcosm of its recent history. Lots of talk, little action—and most importantly, little impact. Looking at recent history, it’s hard to suggest that OPEC really controls much of … Continue reading →

07 Jun

Market Update: Tuesday, June 7, 2016

Global stocks jump, oil breaks above $50. U.S. markets closed in the green yesterday and are on the upswing again, following comments from Federal Reserve Bank (Fed) Chair Janet Yellen that soothed investor fears about the pace of potential rate … Continue reading →

06 Jun

Why Three Consecutive Monthly Gains Has Bulls Smiling

The S&P 500 has gained for three consecutive months, coming on the heels of its first three-month losing streak in more than four years. This is actually the first three-month win streak since June 2014, and it could bode well … Continue reading →

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