Bye Bye General Electric

General Electric will be dropped from the Dow Jones Industrial Average next week. GE was an original member of the Dow Jones Industrials dating back to 1896 and has been a continuous member since 1907. In a statement GE said “We are focused on executing against the plan we’ve laid out to...
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U.S. Corporate Earnings May Slow

US corporate earnings have been on a tear lately. In the first quarter of 2018 U.S. corporations increased their earnings by 25%, the fastest rate since the second half of 2010. However, earnings rates are expected to slow down going forward. In the second quarter of 2018 earnings are expected to gr...
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More Jobs than Jobless

For the first time since the U.S. government began keeping records in 2000, the number of available positions exceeded the number of job seekers. In April 2018, U.S. job openings rose to 6.7 million, higher than the 6.3 million Americans who were unemployed. This means that the US economy is facing ...
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Oil Prices Should Remain Stable for Remainder of 2018

Both Saudi Arabia and Russia are discussing terms to jointly increase oil production. Russia and OPEC agreed to a temporary deal two years ago to tighten oil supplies. This deal has chipped away at the excess supply of oil that has been in the markets for years. As a result, the price of oil has [&h...
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Oil Supplies

Oil stocks in industrialized countries have fallen to their lowest level in three years. The International Energy Agency suggested that the drop in oil inventories was proof that efforts by both OPEC and non-OPEC countries to reduce oil supplies was working. Together, the OPEC and non-OPEC countries...
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Financial Markets Update

The first quarter 2018 earnings season is almost over (444 of the 500 companies in the S&P 500 Index have reported). So far US corporate earnings are up 24.5% compared with the first quarter of last year. In addition, revenues for these same companies are up 9.3%. The stock markets have basical...
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A Wild Week in the Markets

The week of 2-7-2018 was one of the most volatile weeks we have seen in over a year. The Dow Jones Industrial Average was moving up and down by over 500 points each day for most of the week. Overall the markets are down about nine percent from their all-time highs. This increase in volatility [&hell...
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Corporate Earnings Growth Continues

For the first time since 2011, the earnings of America’s largest companies are on track to post two consecutive quarters of double-digit growth. Earnings for the S&P 500 Index grew 15% in the first quarter and are expected to increase by 11% in the second quarter. Almost 60% of the compan...
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Congratulations, Simsbury, Connecticut!

I wanted to provide a quick shout out to the Town of Simsbury, CT, my home town. The Standard and Poor’s rating agency recently assigned the town of Simsbury a AAA rating for the town’s series 2017 general obligation bonds. This is the highest rating that the agency assigns to bonds. First Selec...
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Market at Record Highs (Again!)

The S&P 500 Index and the Nasdaq stock index both closed at record highs on 5-26-2017. For the week ending 5-26-2017 the S&P 500 rose 1.4% to close at a record high of 2415.82. The Nasdaq index was up 2.1% for the week, closing at a record high of 6210.19. The stock markets seem to [&helli...
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