Last week the coronavirus was looking more contained. Economic numbers were strong, and the market was pricing in the widespread perception that any economic impact from the virus would be offset by policy makers both at home and abroad who would act fast to provide as much stimulus as needed. All of that changed yesterday […]
Stocks began the week with a 300+ point rally for the Dow index, rebounding from last weeks 2.5% decline, which was triggered by worries about the spread of the coronavirus in China and beyond. For the year so far, the major indexes are now mostly flat with Treasury yields slipping under 1.80%, from 1.92% at […]
At the beginning of the year with lots of headwinds facing stocks and the bull market entering its 11th year, not even the most optimistic market watchers would have predicted a year as strong as 2019, when nearly every asset class was up strongly. It was a sharp contrast to 2018 when nearly everything was […]
At the close on Friday the market capped off a remarkably strong week heading into the end of the year with all three major indexes around record highs, up six out of the last seven sessions. Before you pop open the champagne in celebration, though, it’s a good idea to get a little perspective by […]
The major indexes were mostly flat for the week after recovering from a pullback earlier in the week. Perhaps the biggest development was the fact that the market, for once, was not driven by expectations about the outcome of a trade deal with China. In fact, the prospects of the trade deal looked particularly grim […]
Despite the trade war with China heating up again unexpectedly and the market pulling back slightly last week, it is a good opportunity to stop and reflect that is has been a remarkably strong year in the market. Nearly every sector rose in the double digits and nearly every asset class has been solidly positive […]
Lake Street is proud to congratulate Justin Terzo, one of its founding partners, on being appointed a 2018 Five Star Wealth Manager1. The award recognizes wealth managers who provide quality services to their clients. Criteria for the award include assets under management, client retention, and a thorough regulatory and complaint review. “I’m honored to be […]
