Cisar & Kjolsrud Wealth Management of Benjamin F. Edwards & Co.

Blog

A Wild Journey to Nowhere

By Pete Biebel, Senior Vice President - In a week dominated with trade war and central bank news, and following on the heels of their worst week of the year, the major averages ended last week with relatively minor losses.  Both the S&P 500 Index (SPX) and the NASDAQ Composite Index (COMP) lost about 0.5% and the Dow Jones Industrial Average (DJIA) was lower by about 0.75%.  What those numbers don’t reveal is the amount of ground the indices covered during the five trading
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Powell Gets Trumped

By Pete Biebel, Senior Vice President -Two significant news events resulted in stocks having their worst week of the year.  The first half of the week was fairly quiet with a slight negative bias.  Neither the S&P 500 Index (SPX) nor the NASDAQ Composite Index (COMP) were able to improve upon their record highs of the previous Friday.  Everyone was waiting on the midweek Fed announcement.  The double-barreled blast of bad news hit on Wednesday and Thursday.  The seco
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Sharp Curves Ahead

By Pete Biebel, Senior Vice President  - As the week begins, the Wednesday afternoon Fed policy announcement and press conference looms.  Regardless of how smooth the road is early in the week, we’ve been warned to expect some bumps and turns midweek.  The market expects the Committee will surely cut their short-term rate by 0.25 percentage points.  If, in fact that is the decision, then it’s really no new news.  The real news will be exactly what signs the Fe
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Wake Me When It’s Over

By Pete Biebel, Senior Vice President  - Stocks had a disappointing performance last week, especially considering that the major averages all finished the previous Friday at record highs.  Trading action was disappointing not only because prices declined, but also because of the general dullness in the market.  Other than a couple knee-jerk reactions to trade war and Fed news, price action for nearly all of the week was a yawner.  Traders seemed content to snooze through
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Please Don’t Fed the Bears

By Pete Biebel, Senior Vice President -- Long-time readers might recall that I used that same title about four years ago.  Conditions then were unlike they are now; “unlike” as in diametrically opposed.  Back then, the S&P 500 Index (SPX) was hovering just above the 2000 level and the Fed was on the verge of its first interest rate hike in more than nine years.  The market had cratered about 7% in the three weeks prior after punching to near all-time highs in
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June Boon - July 1, 2019

By Pete Biebel, Senior Vice President  - Oh June, you ended too soon.  The month following the May swoon saw markets go over the moon.  The Dow Jones Industrial Average (DJIA) had its best June performance since 1938, climbing about 7.2%.  The S&P 500 Index (SPX) gained nearly 7% for the month, making it its best June since 1955.  The NASDAQ Composite Index (COMP) edged them both out with a 7.4% increase for the month.Unfortunately, the gains of June followed a fairly
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Do You Believe in Magic? - June 24, 2019

By Pete Biebel, Senior Vice President - Pretty much all around the world, stocks had a great week last week.  The S&P 500 Index (SPX) hit a new high and ended the week with a 2.2% net gain.  The Dow Jones Industrial Average (DJIA) climbed 2.4% but fell just short of reaching its old highs.  The NASDAQ Composite Index was the big winner, tacking on just over 3%, but it’s still about 2% below its early-May record high.  In the U.S. and in many international markets, n
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No News is Good News - June 17, 2019

By Pete Biebel, Senior Vice President -That maxim can be interpreted a couple different ways.  It could be suggesting that none of the news one hears is positive.  All news is bad news.  A second meaning could be that the lack of any new news is actually good news.  Like when your teenager is out for the night, getting no call from the local police is probably good news.  The week ahead is a minefield of potential bad news.  A quiet news week
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Rip Roarin’ Rebound Rally Redux - June 10, 2019

By Pete Biebel, Senior Vice President -Following a fairly lousy month of May, stocks ripped higher through the first week of June.  It was a welcome change of direction.  The S&P 500 Index (SPX) didn’t do so well in the previous month.  It touched a new all-time high early in the day on May 1st, but that turned into a key reversal day with the index closing near its lows of the day and below the low of the previous day.  Stocks spent the balance of that month headi
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