Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.
After a remarkable sell off in December, the U.S. stock and credit markets rebounded sharply in January. One thing that has become dramatically clear after the volatility of December, is the power of computerized trading in the stock market. There is no doubt that if Wall Street can find an advantage they will take it!
Who would have thought these two little words could move the U.S. Stock Market up 600 points? As of January, the one-month treasury was 1.29%, and by November 2018, it was 2.31%.
Debt, debt and more debt. Wherever one looks, government debt, student debt, auto loans, consumer credit and leveraged buyouts are growing.
There is no dis-Putin that the recent Trump-Putin Summit in Helsinki gave the news networks plenty of fodder for discourse.
The U.S. stock market zigged up and zagged down only to turn upward in this next to last day of May. Currently the S&P is plus 1.4% for 2018 (as of May 30, 2018). The earnings numbers of U.S. companies have generally risen – without the tax cut up approximately 14% and with it close to 25%.