The British vote to leave the European Union (Brexit) was a local shock—a political event. In and of itself, it was not an economic event, although it could have major financial repercussions. In an immediate response, markets reacted forcefully responding to concerns that the ultimate economic and political outcomes are indeterminate and ambiguous. As is […]
Last August/September the S&P 500 fell 11%. It recovered its losses by early November. For the first six weeks of 2016, the market dropped 12%, and then climbed back to even by mid-March. But between October 2007 and March of 2009, the S&P 500 fell over 50% and did not see new highs until March of […]
It is not unusual for a client to call me and want to put some cash to work. “Is this a good time?” the client often asks. While I am a firm believer in investing, how I answer that question depends on the person I am talking to. Many people find it difficult to part […]
If one looks at the returns for the S&P 500 from 1980 through 2015, the “down years” (returns of negative 7% or greater at year end) have all been tied to one of three events: a recession, a bubble bursting, or a credit crisis. In this week’s commentary, I talk about the first cause of […]
January was an exceptionally rocky month for stocks. But our clients have been remarkably quiet, calling us infrequently about the markets. Have we done an extremely good job of educating them not to panic? Or have they just come to accept volatility’s drama? Or, are they simply very busy and ignoring the negative sentiment pervading […]
There’s an old axiom that when looking to buy a house, the only three things that matter are “Location, Location, Location.” Well as 2016 has started, the market has really begun to worry about “Oil, Oil, Oil.” Yes there are other issues, many of which you are all quite familiar with, but at this point […]
Building on her January 4th blog, Betsey A. Purinton, CFP® spoke with WJAR’s Frank Coletta about what investors can expect in the coming year.
Going into 2016 the Wall of Worry is high. Then again, stocks traditionally climb that wall of worry. Even in 2015, when there seemed to be a mountain of fears, stocks were resilient. The Nasdaq ended up; the S&P was pushed very modestly into positive territory and the Dow was essentially flat when dividends were […]
Markets, like most investors, need to have their financial concerns answered in simple, understandable language. Once again, last week, we saw the power of words inflict volatility on the markets. It wasn’t the first time a central banker was caught by miscommunication. Last September, Janet Yellen, the Federal Reserve Chair, faced a press conference and, […]
TV Interview: Betsey Purinton with Frank Coletta from WJAR/NBC 10: Volatility – When to be Nervous and When to be CalmNovember 19, 2015 2:42 pm
Building on her November 9th blog, Betsey A. Purinton, CFP® spoke with WJAR’s Frank Coletta about when volatility is normal and when it can be concerning.