The Joseph Group

Wealth Notes: U.S. Markets

  • Flat and Frustrated

    June 16, 2016

    Flat. Frustrated. While these two words describe the stock market and the mood of investors respectively, it is important to be smart in responding to what the market is doing. After all, Benjamin Franklin once said, “An investment in knowledge pays the best interest.” With that in mind we share with you two crucial concepts to consider in this range-bound environment.

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  • Asset Class Outlook Based on Fundamentals

    May 26, 2016

    Earlier today we held our monthly “Portfolios at Panera” event.  The last Thursday of each month we spend an hour talking with clients and friends about what is happening in the markets and how those happenings are impacting client portfolios. In addition to talking about “hot topics” such as the British referendum to potentially leave the European Union, and when the Fed might raise interest rates, we spent a good deal of time looking at forecasts of which asset classes are likely to have the best (and worst) performance over the next five years.

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  • March Madness in the Markets

    March 18, 2016

    Here in Central Ohio, as fans filled out their brackets, one team was noticeably absent from the 64 (or 68 if you include the Thursday games) teams in the NCAA tournament – the Ohio State Buckeyes.  The Ohio State men’s basketball team got off to a rough start this season, losing three straight games in the Basketball Hall of Fame Invitational in November to supposedly inferior teams. Like the Ohio State men’s basketball team, the U.S. stock market also got off to a bad start – the worst start to a year in history as the market was down over -8% in the first 10 trading days of the year.  However, unlike the Buckeyes, the stock market is getting the chance to “start over.”

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  • New Year, New Market Lows

    January 11, 2016

    In the first four trading days of 2016, U.S. stock market indexes have declined approximately -5%, the worst four day start to a year for the Dow and S&P 500 in history, according to FactSet data going back to 1897.  The catalysts for the decline seem like an almost exact replay of last August’s correction – news of slowing economic growth in China, China devaluing their currency, and the Chinese government interfering with free operation of their stock market. Let’s look at each piece to discuss what is happening:

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  • First Rate Hike in 9 Years

    December 17, 2015

    Yesterday the Federal Reserve increased the Fed Funds rate by 0.25%, effectively ending a 7 year period of zero interest rates. The move in rates was widely expected, but the main event was what Fed Chair Janet Yellen said about the future…

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  • U.S. Stock Market Very At Home

    August 24, 2015

    Home, home on the range…the U.S. stock market seems very at home in the “trading range” it has been in for the last four months. One of the key questions we have been asking in The Joseph Group’s Investment Strategy meetings is “What could make the market break out of this sideways pattern to one direction or another?” In an attempt to answer this question, we’ve tried to look at possibilities in both directions.

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