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While You Were Sleeping...
The sky is falling! The sky is falling! Remember? It was only two months ago, in January, when markets opened the year down nearly 11%. Gas prices reached a multi-year low and recession fears abounded on virtually every financial news network. In fact, if it hadn't been for the incessant coverage of Presidential primaries and the 20+ debates on both sides of the aisle, we may have had an all-out panic on our hands. But guess what? Now, with just three days left in the first quarter of 2016, we have virtually climbed out of the hole the year started in and may, just may, end the quarter with small gains in US markets. Given the current geopolitical and economic climate, it seems somewhat surprising that the Dow and S&P 500 are on the...
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Understanding Last Week in the Market
The work-week isn't more than a few hours old and the phone has already rang more today than it usually does in the course of a week. While I would love to believe that this is an indication that my clients miss me, there is really only one thing it can mean--the market went down. And down it went...more than 1,000 points in three days. If you are keeping score, that is a loss of nearly 6.5% for the Dow Jones Industrial Average between August 19-21st, and a year-to-date loss of more than 8.3%. The S&P 500, a broader U.S. index, was not spared either-- falling below the psychologically important 2,000 mark. It was down 3 percent on the day and more than 7 percent below its recent peak. That is more doom and gloom than anyone really wants...
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 Securities offered through American Portfolios Financial Services, Inc. Member FINRA/SIPC (FINRA/SIPC). American Portfolios Financial Services, Inc. and American Portfolios Advisors, Inc. are not affiliated with any other named business entities mentioned.

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