By: Matt Garrott The current bull market is already four times as long as the last bear market. The last bear was merely a month old when it expired. The current bull market is 4 months old. Is this the real deal? Pre-pandemic, there was worry that the market was too expensive or [...]
By: Matt Garrott Not including dividends, the S&P 500 was down exactly 20% in the first quarter. It was up 19.95% in the second quarter. Down 20%, up 20%. If you think 2020 has been a joke of a year so far, it seems the stock market is in on it. This is [...]
By: Matt Garrott Before our monthly commentary, I’d like to address the question we’ve gotten most often: How are the folks at Fairway doing? It is humbling to be in your thoughts, especially in times like these. We are doing well and are fortunate to have been able to transition to a work-from-home [...]
By: Matt Garrott Did the month of April feel more like a year to you? The market might agree as stocks gained more in April than they do in the average year. The 12.8% gain is the best monthly return since 1974, but comes on the heels of March’s 12.4% decline. Back-to-back double [...]
By: Matt Garrott What Happened this Quarter The year in headlines started with the death of an Iranian General. Concerns that this would start World War III fizzled and the markets shrugged their shoulders as even oil markets barely flinched. Stories started circulating in January about a virus in China. The United States [...]
By: Matt Garrott February came to a turbulent end with the S&P 500 down 3% or more during three trading sessions last week. The S&P 500 was down 8.23% for the month and 8.27% for the year. The 10-year Treasury yield is under 1.13% as a global flight to safety pushed yields down [...]
By: Matt Garrott Stocks were off by about 3% yesterday on fears that cases of coronavirus are accelerating outside of China. Should you worry? For the “general American public“, the answer is no, according to the CDC. Does that mean that only fools would be concerned by this? No. Identifying and dealing with [...]
By: Matt Garrott Would you let a groundhog invest on your behalf? That sounds silly, but at least Punxsutawney Phil has a track record. When he saw his shadow, stocks rose 72% of the time. Phil didn’t see his shadow this year. Does that mean sell? No. Stocks rise 73% of the time [...]
By: Matt Garrott What Happened in 2019 Some feared the near-bear drawdown of late 2018 was the beginning of the end of the bull market. Indeed, many market commentaries mention being “late in the market cycle”. Age will not signal the end of this bull, however. The S&P 500 gained 31.5% even as [...]
By: Matt Garrott Thanksgiving is a time for turkey, pumpkin spice everything, and – most importantly – reflection on what we are thankful for. This is also the time of year for the cliché awkward family argument, whether it’s about politics, bitcoin, or jockeying for who still has to sit at the kids’ [...]
