News & Information
3rd Quarter 2019 in Review

Many stock indices had set new highs in July but were down in the month of August. September saw things perk up a bit, and we have been inching closer to those previous highs. However, every time it comes close, some new hurdle gets in the way, whether it is Iran, trade wars or impeachment proceedings. Nonetheless, the longer term advance in stocks has remained in place, which we feel is a healthy sign.

When it comes to impeachment proceedings, the market fell significantly during the Nixon inquiry. However it rose strongly during the Clinton impeachment. In the end, the impeachment situation was overruled by the underlying economy. It was weak in 1974 and it was strong in 1998-1999. Its impact may have been exaggerated due to the likelihood of conviction. It became apparent Nixon would be impeached and removed from office while it was a forgone conclusion Clinton would not.

The Federal Reserve has cut rates again, and the slowdown in industrial production and the housing market appears to be reversing. The consumer continues to spend, and confidence remains high. Overall, economic reports are running better than most estimates but some areas of the economy are showing signs of stress.

Market Outlook

We believe volatility will likely remain, but the upward trend in stocks could continue. We feel it is a better time to refresh portfolios than to aggressively change equity levels.


The S&P 500 is a stock market index that tracks the stocks of 500 large-cap U.S. companies. Dow Jones Industrial Average is an index that tracks 30 large, publicly-owned companies on the NYSE. NASDAQ is a global electronic marketplace for buying and selling securities, as well as the benchmark index for U.S. technology stocks. The Russell 2000 Index is a small-cap stock market index of the bottom 2,000 stocks in the Russell 3000 Index.

Opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendation for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.
Market Update September 2019 
View this article .pdf
Market Update June 2019 
View this article .pdf
Market Update March 2019 
View this article .pdf
Market Update December 2018 
View this article .pdf
Market Update September 2018 
View this article .pdf
Market Update June 2018 
View this article .pdf
Market Update March 2018 
View this article .pdf
James Economic Outlook 2018  
View this article .pdf
Market Update December 2017 
View this article .pdf
Market Update September 2017 
View this article .pdf
Market Update June 2017 
View this article .pdf
Market Update March 2017 
View this article .pdf
Market Update December 2016 
View this article .pdf
Market Update September 2016 
View this article .pdf
Market Update June 2016 
View this article .pdf
Market Update March 2016 
View this article .pdf
Market Update September 2015 
View this article .pdf
Market Update June 2015 
View this article .pdf
Opportunity In Greek Crisis 
View this article .pdf
Market Update March 2015 
View this article .pdf
Market Update December 2014 
View this article .pdf
Market Update September 2014 
View this article .pdf
Market Update June 2014 
View this article .pdf
Market Update March 2014 
View this article .pdf
Market Update September 2013 
View this article .pdf
Topping Markets June 2013 
View this article .pdf
Market Update June 2013 
View this article .pdf
Market Update March 2013 
View this article .pdf
Market Update December 2012 
View this article .pdf
James Economic Outlook 2013 
View this article .pdf
Market Update September 2012 
View this article .pdf
Why Own Bonds? March 2012 
View this article .pdf
Market Update March 2012 
View this article .pdf
Market Update December 2011 
View this article .pdf
Market Volatility August 2011 
View this article .pdf
How to Offset Inflation May 2011 
View this article .pdf
Market Update September 2011 
View this article .pdf
No American Default July 2011 
View this article .pdf
Economic Slowdown June 2011 
View this article .pdf
Topping Markets January 2010 
View this article .pdf
New Stimulus Won't Cure Economic Woes July 2009 
View this article .pdf
Rally at Hand December 2008 
View this article .pdf
Weathering the Storm
October 2008
 
Watch The Interview!
Buy Stocks Mar 2008
View this article .pdf
No Quick Fix Jan 2008 
View this article .pdf
Further Declines Ahead July 2007 
View this article .pdf
James Economic Outlook 2012 
View this article .pdf
James Economic Outlook 2011
View this article .pdf
James Economic Outlook 2009
View this article .pdf
James Economic Outlook 2008
View this article .pdf
James Economic Outlook 2007 
View this article .pdf
James Economic Outlook 2006 
View this article .pdf
James Economic Outlook 2005 
View this article .pdf
James Economic Outlook 2004 
View this article .pdf
James Economic Outlook 2003 
View this article .pdf