Volatility is Back

If you were one of those people beginning to wonder if market volatility was gone to stay, well, think again. On Monday, February 5, the Dow Jones Industrials Average saw its greatest intraday point drop ever, falling 1,597 points from its high before closing 1,175 points lower. It was the biggest drop in more than [...]

By | 2018-02-09T13:21:05+00:00 February 9th, 2018|GIM Market Commentary|

Is it Time to De-Risk Your Portfolio?

The market continues to grind higher since the election. From the day of the election through July 31, 2017, the S&P 500 Index is up more than 17%, the Dow Jones Industrial Average has advanced 21%, and the NASDAQ Composite is 23% higher. Optimism over the pro-business Trump agenda seems to be the catalyst for [...]

By | 2018-01-31T12:41:05+00:00 August 1st, 2017|GIM Market Commentary|

Nice Advance, But Where Do We Go From Here?

Executive Summary: Optimism is running high because of the pro-business reforms the Trump Administration has on its agenda. The stock market has been on a tear since the election and a global synchronized improvement in economic strength is helping to fuel the gains. Further near-term upside in the U.S. stock market may hinge on progress [...]

By | 2018-01-31T12:15:54+00:00 March 22nd, 2017|GIM Market Commentary|

Trump’s Campaign Promises: What Are the Investment Implications?

In the waning days of 2016 we approach a new year, a new President and a Republican Party that holds a majority in both Houses of Congress with an ambitious new policy agenda. The S&P 500’s strong 6.2% advance since the election seems to express investors’ hopes and expectations of some favorable changes forthcoming; possibly [...]

By | 2017-08-01T11:58:53+00:00 December 14th, 2016|GIM Market Commentary|

Are Long Term Treasury Yields at a Turning Point?

The Federal Reserve left rates unchanged yet again last Wednesday. Fed Chair Janet Yellen explained that overall economic trends remain favorable and strengthen the case for tightening. But she also noted the economy’s slow growth rate gives the Fed a little room to let the economy run a bit further before any risk of excessive [...]

By | 2017-02-10T08:40:56+00:00 September 27th, 2016|GIM Market Commentary|

It’s Brexit With A Twist

Stocks high... bond yields low... what's next? The first half of 2016 is behind us. Where does the time go! And it’s been three weeks since a surprising vote by the UK to exit the European Union. This historic decision caught most by surprise. As with many unexpected events, markets reacted with volatility and weaker [...]

By | 2017-02-13T11:22:04+00:00 July 15th, 2016|GIM Market Commentary|

Will it be Brexit, or another Dodged Bullet?

Last month I spoke of the disappointingly slow economic growth the US experienced in the first quarter of 2016, along with a stall in corporate earnings. The good news is that since then the first quarter growth rate has been revised upward—from 0.5% to 0.8%. Our GDP cup runneth over! Seriously though, the better news [...]

By | 2017-02-10T08:40:57+00:00 June 20th, 2016|GIM Market Commentary|

Ongoing Challenges, Leavened with Encouraging Signs

Tony Blair once called education “the best economic policy there is.” With that in mind, let’s take a few minutes to educate ourselves on the environment surrounding our investments of late. To start with a broad observation, global economic growth lacks the zest we would all like to see. Countries such as Brazil struggle with [...]

By | 2017-02-10T08:40:57+00:00 May 18th, 2016|GIM Market Commentary|