Enjoying a Quiet Day at the Beginning of Summer

Posted by Brad McMillan, CFA, CAIA, MAI

Find me on:

This entry was posted on Jun 25, 2019 12:08:46 PM

and tagged Commentary

Leave a comment

a quiet dayI spent this morning the way I usually do, reading the newspapers, looking at the economic reports, and scanning the futures markets. Also as usual, I found things to worry about: Consumer confidence, still high by historical standards, dropped more than expected in June, falling to its lowest level in almost two years. New home sales also missed expectations, declining for the second month in a row instead of climbing. The markets are down a bit as I write this . . . So far, so normal.

Somewhat unusually, by recent standards, although there are things to pay attention to, none of them are new. I write about these topics every day. On some days, the data is positive. On others, it’s a little less so. A couple of days ago, I wrote about how the S&P 500 is on track to have its best June in more than 60 years. Again, so far, so normal.

Which is why I’ve decided it’s a good time for a quiet day. I am down in Maryland at the cottage my grandparents owned, which now belongs to my parents. We had a very nice time last night watching the fireflies—which I don’t get to see in Massachusetts for some reason—and enjoying the quiet.

My son caught three fish from the dock in the marina yesterday—his best fishing day ever, with his Poppy—and we are going out on Poppy’s boat this morning to do some more fishing. It is about 80 degrees as I sit on the porch writing this, and the birds are the only sound I can hear.

It’s not often that I get a couple of quiet days with family, fish, and fireflies, so I am going to take it. I hope you have at least one day this summer like I will have today.

Happy summer!

Subscribe via E-mail

New call-to-action
Crash-Test Investing
Commonwealth Independent Advisor

Hot Topics

Have a Question?

New Call-to-action

Conversations

Archives

see all

Subscribe

Disclosure

The information on this website is intended for informational/educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. Please contact your financial professional for more information specific to your situation.

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.

The S&P 500 Index is a broad-based measurement of changes in stock market conditions based on the average performance of 500 widely held common stocks. All indices are unmanaged and investors cannot invest directly into an index.

The MSCI EAFE Index (Europe, Australasia, Far East) is a free float‐adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. The MSCI EAFE Index consists of 21 developed market country indices.  

Third party links are provided to you as a courtesy. We make no representation as to the completeness or accuracy of information provided at these websites. Information on such sites, including third party links contained within, should not be construed as an endorsement or adoption by Commonwealth of any kind. You should consult with a financial advisor regarding your specific situation.

Member FINRASIPC

Please review our Terms of Use

Commonwealth Financial Network®