Markets

All Blog Posts from Markets

  • Focus on Investments

    Our Outlook

    What is Driving this Market? Can anything stop this market?  Slowing growth and a recession certainly could, but are they anywhere on the horizon? A host of COVID specific federal unemployment benefits are set to expire on September 6th 2021.  Among the expiring emergency benefits is an extra $300 per week of unemployment income. Federal […]

  • Market Quick Stats – August 2021

    Our Outlook

    Higher and higher Through August 30th there have been 53 new closing highs for the S&P 500.  This market is closing in on the record 77 new all-time highs which occurred in 1995 (h/t Howard Silverblatt of S&P Dow Jones Indices). The chart below highlights recent prices, total returns (total return always includes dividends), dividend […]

  • P&G CEO Transition, What to Expect?

    Our Outlook

    CEO Transition As David Taylor’s tenure as CEO comes to completion on November 1st, Jon Moeller will take over responsibilities as Chief Executive Officer and President at Procter & Gamble. David Taylor will move to Executive Chairman of the Board (here). The company has seen a fair amount of turnover in the CEO position since […]

  • Infrastructure & Budget Legislation

    US Senate Spending Bills On August 10, 2021, the US Senate passed a bi-partisan infrastructure funding bill worth $1.1 trillion (see more here).  The Senate bill allocates about 10% toward roads & bridges and smaller amounts for rails, ports, airports, and EV charging stations. According to Statista, in 2018, the US spent 0.52% of its […]

  • Bond Rates Are Declining, Why?

    Our Outlook

    What are Lower Yields Telling Us? On March 19, 2021, the benchmark ten-year US Treasury bond closed yielding 1.74%. By the first trading day in August the bond’s yield had dropped to 1.20%. With all of headlines and talk about rising inflation, why have bond yields dropped so significantly since March? The bond market and […]

  • Market Quick Stats – July 2021

    Our Outlook

    Back to Normal?  Not So Fast… Just as most restaurants and business in cities with the most stringent COVID precautions/restrictions started to re-open, some of those locations are introducing new COVID precaution/restriction measures. For example New York City mayor Bill de Blasio recently announced mandatory vaccinations for all newly hired NYC government employees and for […]

  • P&G 2021 Q4 & Year End Earnings

    Our Outlook

    On July 30th, 2021 Procter & Gamble reported 4th quarter & fiscal year-end 2021 earnings results (see press release here). For the quarter, the company reported 7% top line revenue growth to $18.9 Billion versus last year. Diluted earnings per share (EPS) in Q4 was $1.13 vs. a $1.08 consensus estimate. Overall ‘organic’ revenue increased […]

  • How to Look at Market Valuations

    Our Outlook

    What is a “Fair” Price for Stock Before you buy or invest in stock, you’ll want to answer the question: Are stocks valued appropriately for the current level of economic activity or expected level of activity over the next twelve months? You can think about stock valuations a little like you might think about a […]

  • Is 2021 Back to Normal Yet?

    Our Outlook

    (Re) Open For Business Here we are halfway through 2021. Restaurants and business throughout the nation are re-opening. How is this return to normal playing out in the economy and stock and bond markets? As of June 30th, according to S&P Dow Jones Indices, the S&P 500 index of US stocks is up 15.2% year-to-date (YTD). […]

  • Focus on Personal Finances

    Our Outlook

    High Debt Levels Higher levels of corporate, government, and personal debt may be creating a more fragile economic environment. In past decades, low debt was considered prudent and desirable. Today, fiscal policies pursued by the US Federal government have pushed our national debt over $28 trillion, and zero interest rate (ZIRP) monetary policies of the US […]

  • What About Bitcoin?

    Our Outlook

    Crypto Curiosity Record breaking prices propelled Bitcoin into the mainstream news this spring. We have fielded more and more questions about cryptocurrencies in general and Bitcoin specifically. It appears likely that blockchain technology and maybe some cryptocurrencies may survive. Ultimately, how they are regulated and how widely they will be used as currency or for […]

  • Taxes & Energy Policy

    Our Outlook

    Individual Tax Rates The current US government administration is considering raising taxes for individuals & families, corporations and even estates.  A recent CNBC article discussed how the Biden administration is looking to raise the top marginal tax bracket to 39.6% from 37.0%.  Coupled with this is the likelihood of lower income thresholds for each tax […]

  • Inflation and the Economy – 1st Half 2021

    Our Outlook

    Inflation – Persistent or Transitory? One of the biggest financial news themes this year has been inflation. There is no question that price inflation is on the rise.  Is it here to stay, or will recent increases be short-lived and transitory? Each month, a US government agency called the Bureau of Labor Statistics (BLS) measures […]

  • Thoughts on Your P&G October LTIP Award & Choices

    What’s New Procter & Gamble employees who are normally eligible for the LTIP award in February, will now be receiving the award in the preceding October. Eligible employees have the opportunity to choose either RSU’s, Stock Options, or a combination of both in 25% increments. Consult your P&G compensation department and online resources for your […]