Last week was a busy one for economic news, with a wide range of data from across the economy. This week will give us a final view of housing for the month, as well as whether business investment continues to improve. We’ll also get a preliminary look at how the economy performed in the third quarter.
Yesterday, I appeared on CNBC's Nightly Business Report (my segment begins at 4:38) to discuss the global issues weighing on the market, as well as their potential impact on U.S. investors. Listen in to learn more.
October 19, 2018
Lots of things happened in 1987. Among others, I graduated from college. But, if you are in the financial industry at all, the mention of 1987 calls only one thing to mind: Black Monday (October 19, 1987), the day the stock market crashed. In many ways, this was the biggest nightmare of many stock investors. So, it is no wonder it continues to cast such a long shadow. In light of the recent market volatility, I think it makes sense to reflect on what happened 31 years ago today and what it might mean for investors today.
October 18, 2018
I am in the process of writing my speech for Commonwealth’s National Conference in November. I have decided to focus on really understanding what is going on with the trade war and what that might mean for investing. That understanding, of course, requires a fairly deep dive into both what is happening and where the war started.
October 17, 2018
I don’t get a lot of panicked calls and e-mails when the market melts up, like it did yesterday. When the market rises 2 percent, the sense seems to be that it’s just the universe working out the way it should. But when the market drops 2 percent? Something must be out of whack! And yet, both are signaling the same thing: the markets are struggling to put a price on future uncertainty. When markets bounce around that much, it is because there is real disagreement about what the future could hold and what that means for corporate profits and, therefore, for stock prices.
October 16, 2018
After declines in the markets last week, the question at the start of this week was whether they would continue. The news from yesterday was, frankly, not all that encouraging. Markets did try to rally, only to fall at the end of the day. Nonetheless, there are reasons to believe that the markets are stabilizing and may even be headed higher over the next couple of weeks.
October 15, 2018
Last week was mostly about prices, although we finished with a look at consumer confidence. This is a busy week, with a wide range of data from across the economy.
