China and the U.S. Stock Market

August 28, 2015

Now that things seem to have calmed down a bit, it’s a good time to discuss why the past week has been so turbulent. The usual explanations—the Chinese currency devaluation and stock market crash—are certainly valid, but there’s more to the story.

Let's take a closer look at the connection between the news from China and U.S. stock prices.

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Good Economic News May Not Curb Market Turbulence

August 27, 2015

If you’ve been reading my posts over the past week, you’ve probably noticed a key theme: despite ongoing market turbulence, U.S. economic fundamentals remain strong.

Today’s data underlined that point again. Economic growth for the second quarter was revised up substantially, from 2.3 percent to 3.7 percent—not only above expectations, at 3.2 percent, but beyond the higher end of the range of estimates.

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The Market’s Downside Risk: How Much Further Could It Fall?

August 26, 2015

After the decline at the end of the day yesterday, I’m getting more concerned about the next couple of weeks in U.S. markets. Although fundamentals remain strong, there appears to be a bigger break in confidence that could well lead to further downward movements.

Let’s take a look at where the market might be headed.

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Appearance on Varney & Co., August 24, 2015 [Video]

August 26, 2015

As the markets experienced significant declines on Monday after China sparked a global sell-off, I was on the phone with Stuart Varney, host of Fox Business Network's Varney & Co. Is the situation really as bad as it looks? Hear what I had to say. 

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Monday Update (on Tuesday): Economic News Holding Steady

August 25, 2015

Given everything that happened yesterday, I skipped my regular Monday Update to discuss the turmoil in the markets. Today, let’s return to the economic stats, as they shed more light on my theme from yesterday—that U.S. economic fundamentals remain solid.

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As Market Fears Grow, Stay Focused on the Long Term

August 24, 2015

One bad day doesn’t make a bear market. Two bad days, however, and the prospect of more to come, may well signal one.

Bear market is a scary term, and the past several days have certainly given investors cause for concern. Rather than spend time worrying, though, let’s try to understand what has happened and what it means for our long-term financial goals.

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Appearance on Mornings with Maria, August 20, 2015 [Video]

August 24, 2015

As the price of crude oil dropped precipitously last week, nearing another post-financial-crisis low, I joined Maria Bartiromo on the set of her Fox Business Network show, Mornings with Maria, to discuss whether now might be a good time to start investing in the energy sector and how to go about doing so. 

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In The News

Stock market plunge wipes out this year's gains
The Washington Post, 08/21/15

Invest in energy sector despite falling oil prices?
Fox Business Network, 08/20/15

U.S. Stocks Slide; Dow Drops Sharply
The Wall Street Journal, 08/19/15

China's Yuan Devaluation Will Ricochet to U.S. 
U.S. News & World Report, 08/12/15

Wall St. Bolstered by Strong Earnings Reports
The New York Times, 08/05/15



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Certain sections of this commentary contain forward-looking statements that are based on our reasonable expectations, estimates, projections, and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is not indicative of future results. Diversification does not assure a profit or protect against loss in declining markets. All indices are unmanaged and investors cannot invest directly into an index.


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