Weekly Market Commentary, February 24, 2015

February 24, 2015  | By Robare & Jones

The Markets It was all Greek to investors. Last Thursday, things weren’t looking so good for Greece. Barron’s explained: “…Germany scotched Greece’s request for a six-month extension to its existing aid package. Athens had sought more time to renegotiate the Draconian austerity package imposed on the land of Pericles, to keep from going bust and, perhaps, being kicked out of the euro zone.” Just a day later, though, Eurozone leaders found grounds for compromise and Greece became the beneficiary of … Read More

Weekly Market Commentary, February 17, 2015

February 17, 2015  | By Robare & Jones

The Markets Animal spirits were improving last week, according to Barron’s. The idea of animal spirits was introduced to the dismal science (a.k.a. economics) in the late1930s, courtesy of John Maynard Keynes. In The General Theory of Employment, Interest and Money (a dreary title that surely could have benefitted from an injection of animal spirits), he wrote: “…a large portion of our positive activities depend on spontaneous optimism rather than on a mathematical expectation, whether moral or hedonistic or economic. … Read More

Weekly Market Commentary, February 10, 2015

February 10, 2015  | By Robare & Jones

The Markets What’s in an employment report? Last week, the U.S. Bureau of Labor Statistics’ Employment Situation Summary was full of encouraging data. Employment numbers for last November and December were revised higher which made 2014 the strongest year for job growth since 1999. However, 2015 isn’t off to a shabby start. The economy added just over a quarter of a million jobs in January. In addition, Barron’s reported: “…Wages for private-sector workers ticked higher in January, rising 0.5 percent … Read More

Weekly Market Commentary, February 3, 2015

February 3, 2015  | By Robare & Jones

The Markets January did not turn out to be the best month for U.S. stock markets. At the end of the month, the Standard & Poor’s 500 Index (S&P 500) was down about 3.1 percent. Before you start listening to pithy observations – the saying ‘as goes January, so goes the year’ has been making the rounds – think back to January 2014. The S&P 500 finished the month down 3.6 percent and still managed to deliver positive performance (up … Read More