Our Blog


Quality Independent, Unbiased, Financial Advice and Wealth Management

-Family Owned Since 1985

 
 
 
 

Monthly Archives: March 2010

Another Jobless Recovery?

Markets absorbed and shrugged off another round of weak housing data last week, as equity markets (as measured by the S&P 500 index) posted their fourth consecutive weekly advance, the sixth in the past seven weeks. A strong reading on durable goods shipments and orders in February, along with a comforting drop in first-time filings for jobless benefits provided a solid economic backdrop. On the policy front,……

To see the rest of this article, please click on the link below:

www.mwboone.com/library/Weekly_Economic_Commentary_03_29_10

 

Awaiting a Change in Signal from the Fed

What We Make of the Key Reports Last Week:

Benign inflation data, improving jobless claims and the Fed dominated the economic landscape last week. The February readings on both the Producer Price Index (PPI) and Consumer Price Index (CPI), should allow the Fed to keep rates lower for longer.

The overall PPI fell by 0.6% between January and February, putting the year-over-year change at 4.4%. As recently as July 2009, the PPI posted……

To see the rest of this article, please click on the link below: www.mwboone.com/library/Weekly_Economic_Commentary_3_22_10

 

Current Conditions Index

Over the past week, the LPL Financial Current Conditions Index remained at 2.0, in line with the highest level of the past year. The stock market has tracked the CCI closely this year as it did last year reflecting the attention investors are paying to real time measures of economic and market conditions as they assess the likelihood of a successful transition from recovery to sustainable growth. The level of the Current Conditions Index indicates……

To see the rest of this article, please click on the link below:

www.mwboone.com/library/Current_Conditions_Index_3_17_10

 

 


A Healthy Rally?

The major stock market averages continued their gains last week. After advancing 10% in only 26 days, the S&P 500 reached a level not seen since September of 2008. The latest leg of the rally may be nearly exhausted after posting a double-digit gain in little more than a month. However, conditions remain……

To see the rest of this article, please click on the link below: www.mwboone.com/library/Weekly_Market_Commentary_3_22_10

 

 

Made in America

Last Thursday, the U.S. trade data was reported for the month of January reflecting a brief pause in an improving trend of export growth. On the same day, the stock market, measured by the S&P 500, moved up to a new 17-month high. The market reaction was fitting since export growth is a key driver of the economy and profits for S&P 500 companies. In fact, exports accounted for……

To see the rest of this article, please click on the link below:

www.mwboone.com/library/Weekly_Market_Commentary_3_15_10

 

Dour U.S. Consumer Keeps on Spending

What We Make of the Key Reports Last Week:

The vast majority of last week’s U.S. economic reports support our view that the U.S economy remains on track for a sustainable recovery in 2010. The key report of the week was the better-than-expected February retail sales data, but data on jobless claims, merchandise trade, mortgage applications, consumers’ balance sheets, and business inventories also……

To see the rest of this article, please click on the link below:

www.mwboone.com/library/Weekly_Economic_Commentary_3_15_10

Happy Anniversary?

One year ago, on March 9, 2009, the stock market began a rally that has led to a total return of 72% for the S&P 500, through the end of last week. As we reach this anniversary it is worth taking a look back at the powerful rally that has unfolded and seek clues as to what may lie ahead……

To see the rest of this article, please click on the link below:

www.mwboone.com/library/Weekly_Market_Commentary_3_8_10

 

Current Conditions Index

Over the past week, the LPL Financial Current Conditions Index held steady at 1.7. The level of the Current Conditions Index indicates an environment fostering trend-like growth in the economy and markets. We expect that the CCI may…..

To see the rest of this article, please click on the link below:

www.wboone.com/library/Current_Conditions_Index_3_3_10

 

 

A Tale of Two Surveys

Key Reports Last Week:

The economic data last week was a mixed bag, but financial markets generally reacted well, even to the data that fell short of expectations. Many of the U.S. economic reports last week were impacted by severe weather in February, but the impact was more muted than we (and most market participants) expected. The key report of the week was the February jobs report. Bad weather kept more than……

To see the rest of this article, please click on the link below:

www.mwboone.com/library/Weekly_Economic_Commentary_3_8_2010

 

Groundhog Day Comes Late

Groundhog Day came late in February for the stock market. Last Thursday’s worsening weekly unemployment claims data spooked stock market investors worried about job growth as February winter storms negatively impacted the data. In that labor report, the stock market saw……

To see the rest of this article, please click on the link below: www.mwboone.com/library/Weekly_Market_Commentary_3_1_10