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Perspectives

January 2019

Post 1 to 6 of 6

The Fed leaves rates unchanged

by Fortem Financial January 30, 2019

Today the Federal Reserve Board decided to leave the Federal Funds Rate unchanged.  More importantly, they also said that "In light of global economic and financial developments and muted inflation pressures, the Committee will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate to support these outcomes."   After the December meeting (when the Fed raised rates by 0.25%), we shared that we thought Powell's (and the Federal Re… View More

The government is open, at least until February 15

by Fortem Financial January 29, 2019

The equity markets ended this holiday-shortened week essentially unchanged.  The Dow Jones Industrial Average (+0.12%) and the Nasdaq (+0.11%) led with modest gains followed by the Russell 2000® Index (+0.02%) while the S&P 500® Index fell 0.22%.  Shortly before the markets closed on Friday, President Trump announced a deal with lawmakers to approve a bill which would reopen the federal government until February 15th while negotiations continue.  State unemployment claims for last week … View More

The recovery continues but starts to meet some technical resistance

by Fortem Financial January 22, 2019

The equity markets recovery continued last week led by a 2.96% gain in the Dow Jones Industrial Average followed by the S&P 500® Index (2.87%), Nasdaq (2.66%) and Russell 2000® Index (2.43%).  Corporate earnings season began last week with major financial institutions including Citigroup, JPMorgan, Bank of America, and Goldman Sachs; each posted earnings that exceeded analysts’ expectations despite low trading revenues related to December’s severe volatility.  The companies believe t… View More

Patience by the Fed is a good thing

by Fortem Financial January 14, 2019

The equity market recovery continued this week as the oil price rebound, Federal Reserve comments regarding ‘patience’ in interest rate policies, and mid-level trade negotiations with China improved investor sentiment.  The lack of progress on the government shutdown, which on Saturday will become the longest in history, apparently did not influence market sentiment.  Fears of a recession subsided as the Russell 2000® Index led the markets with a 4.83% gain followed by Nasdaq (+3.45%); S… View More

A little late for a Santa Claus Rally but we will take it

by Fortem Financial January 7, 2019

Friday’s rally provided a welcomed start to the New Year as all of the major indices posted solid gains. For the week, the Russell 2000® Index (3.20%) led all of the major indices, followed by the Nasdaq (2.34%), S&P 500® Index (1.86%) and the Dow Jones Industrial Average (1.61%). Consumer sentiment rose on positive employment data, and comments by Federal Reserve Chairman Powell. Friday’s release of the December employment report included 312,000 jobs in December, the largest month… View More

2019 Outlook and Predictions

by Fortem Financial January 2, 2019

Each year our Friend  Bob Doll, who is Chief Equity Strategist & Senior Portfolio Manager at Nuveen asset management, gives his view on the new year.  His insights are very thoughtful and give us some insight to the year ahead.  Below are Bob’s comments for 2019 and how he believes the year will unfold in the Economy, markets and some insight to geopolitical events that could affect your portfolios. 2019: Choppy and frustrating, but no recession First a look back at a disappointing 20… View More

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Our policy about obtaining and disclosing non-public personal information may change from time to time. We will provide you notice of any material change to this policy before we implement the change.

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