US large cap equity markets hit all-time highs in November as the Dow Jones Industrial Average crossed 30,000 for the first time. These round numbers get easier to hit as the index values increase. The Dow’s increase from 10,000 in March 1999 to 11,000 in May 1999 was a 10% move. The increase from 29,000 [...]
It is with profound sadness that we inform you of the sudden passing of our partner, friend and colleague, Terry Waye, this past weekend. Words cannot express the loss that we all feel and the sadness we have for his family and friends. Terry joined Fairway in 2006 and became a partner of the Firm [...]
By: Matt Garrott The S&P 500 gained 8.9% during the third quarter, putting its year-to-date return at 5.1%, while other broad stock indices gained between 4% and 9% for the quarter but remain in negative territory through the first nine months of 2020. A moderate asset allocation is likely up between 2 and [...]
By: Dan Gaugler Many of us are concerned about how the upcoming election might affect our financial plans. Here are some high-level considerations: Investment Portfolio Management: 1. Elections can trigger an impulse to time the market. They are an event we can see coming, unlike a surprise pandemic or natural disaster. An attempt [...]
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: Mark Weiskind As a firm, we’ve been blogging and talking to clients like crazy about the markets, the economy, investment strategy, etc. Much of that communication comes from Matt Garrott, our Director of Investment Research. But you may not know that Matt also maintains his own website and blog, at www.matthewgarrott.com. While [...]
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 [...]
