Weekly Market Commentary, December 27, 2017

December 27, 2017  | By Robare & Jones

The Markets It’s time to turn your mind to taxes. Last week, President Trump signed tax reform, officially titled ‘An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018,’ into law. The legislation provides significant permanent tax cuts for businesses, including reducing the corporate tax rate from 35 percent to 21 percent. Most individual taxpayers will also receive tax benefits, including lower marginal tax rates. However, all … Read More

Weekly Market Commentary, December 19, 2017

December 19, 2017  | By Robare & Jones

The Markets Stocks moved higher again this past week. The S&P 500 rose 0.9 percent and is now up 1.1 percent for the month. The MSCI ACWI rose 0.6 percent as global stocks slightly lagged the U.S. stock market. The Bloomberg BarCap Aggregate Bond Index climbed 0.3 percent. As expected, the Fed raised interest rates one more time before year-end. Jerome Powell is set to take over in February, but current Fed Chair Janet Yellen expects Powell to take a … Read More

Weekly Market Commentary, December 12, 2017

December 12, 2017  | By Robare & Jones

The Markets Stocks continued to push higher. The S&P 500 rose 0.4 percent last week and is now up 0.2 percent this month. The MSCI ACWI rose 0.1 percent and the Bloomberg BarCap Aggregate Bond Index finished basically unchanged. The U.S. economy added 228,000 jobs in November, beating expectations. Hurricane relief efforts were not a factor in the report. Bitcoin has risen 400 percent in the last three months leading many analysts to believe the stock is a bubble. CVS … Read More

Weekly Market Commentary, December 5, 2017

December 5, 2017  | By Robare & Jones

The Markets Stocks finished higher for the 11th straight month this year and many stock indexes hit new highs. The S&P 500 soared 1.5 percent. The MSCI ACWI and the Bloomberg BarCap Aggregate Bond Index were basically unchanged. The U.S. Senate passed its version of tax reform that will now be reconciled with the bill passed earlier in the House. Personal consumption expenditures rose by only 0.2 percent due to a decrease in automobile purchases since the hurricane season. Fed … Read More