Today is your day.
You’re off to Great Places!
You’re off and away!
You’ll be on your way up!
You’ll be seeing great sights!
You’ll join the high fliers
who soar to high heights”
From: Oh The Places You’ll Go! By Dr. Seuss
The stock market soared to high heights in January… Stocks had already risen non-stop for fifteen months by January, and the party was still rocking. The only fear investors felt was FOMO (Fear Of Missing Out). By the numbers:
Other notable stories from January:
February was a month of bang-ups. Ironically the markets deflated because of inflation. Employment data came in stronger than expected. Wages rose (remember the Wal Mart minimum wage increase in January). Bond prices continued their January slide. As a result:
March – we weren’t in for much fun…
We’ll pause here to look at a chart, below. The gray shape is the stock market in the first quarter of 2017. The turquoise line shows the first quarter of 2018.
As the markets waited on earnings… Traders tried to trade the Trump tariff tweets. (Say that three times?) Fortunately, earnings were excellent: the average earnings increase announced in April was 23%. By the end of April:
In May U.S. stocks finally performed. You’ve heard the old Wall Street saying: “stocks climb a wall of worry.” May’s worries included the never-ending tariff news, tensions with Iran, fear of inflation, fear of higher interest rates and worry about a new Italian government.
Climbing that wall of worry in May:
Points to be scored? Not points in the Dow Jones Industrial Average, which was down .6% for the month.
But the S&P 500 index was a winner in June, up 1.1%. That small increase feels good: since 1950, June has traditionally been the worst month of the year during mid-term election years. (Source: stocktradersalmanac.com).
In the second half investors may be rewarded for proper diversification and balance. Which leads us to perhaps the best investment advice of all from Oh, The Places You’ll Go!:
Copyright © 2018 FinTrust Investment Advisors, All rights reserved.
As a client or friend of FinTrust Investment Advisors, we are contacting you to provide news and updates about how we can help you reach your Financial Goals.
Securities offered through FinTrust Brokerage Services, LLC (Member FINRA and SIPC) and Investment Advisory Services offered through FinTrust Investment Advisory Services, LLC. Any views expressed in this message are those of the individual sender, except where the message states otherwise and the sender is authorized to state them to be the views of any such entity. Trade instructions may not be accepted via email. This material does not constitute an offer to sell, solicitation of an offer to buy, recommendation to buy or representation as the suitability or appropriateness of any security, financial product or instrument, unless explicitly stated as such in the text of the email. Past performance is not necessarily indicative of future returns. Performance numbers have not necessarily been independently reviewed or audited and therefore we make no representation as to its accuracy. Any reference to the terms of any contracts should be treated as preliminary only and subject to our formal written confirmation. This information should not be construed as legal, regulatory, tax, or accounting advice. This message (and any attached materials) is for the sole use of the intended recipient(s) and may contain information that is privileged, confidential and exempt from disclosure under applicable law. Any review, dissemination, distribution or duplication of this communication is strictly prohibited. If you are not the intended recipient, please contact the sender immediately by reply e-mail and destroy all copies of the original message. This is an advertisement from FinTrust Investment Advisors.
*FinTrust Investment Advisors, LLC and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.