August 2017 Financial Markets Summary Whether you know the story as Chicken Little or Henny Penny, the plot is the same. A chick believes the sky is falling when an acorn falls on its head and decides to tell the king. On its journey, the chick meets other animals who believe the panicked chick and…
Here is the link to the 2nd Quarter PDS Investment Webcast in case you missed it today! This quarterly call started with a recap of what has taken place so far this year. We spent time reviewing the synchronized global growth market, along with the lack of volatility around the world. We also discussed the…
May 2017 Financial Markets Summary More uncertainty, more growth, more record highs and more risk: the reigning market theme today seemingly is one of quantity – more of virtually everything, as recently suggested by Goldman Sachs. “Investors in recent months have faced a blitz of new U.S. policy initiatives whose contours are largely unknown but…
April 2017 Financial Markets Summary “Interest rates are rising! It’s time to abandon your bonds!” This has been the popular commentary from many media outlets over the past few months. Yes, Janet Yellen and the Federal Reserve increased the Fed Funds rate by a whopping 0.25% on December 14, 2016 and by another 0.25% on…
March 2017 Financial Markets Summary Last month we noted the average 2017 year-end target for the S&P 500, as predicted by 16 major investment banks, is 2353. Expectations were, on average, very tame. As we write this letter today, the index is at 2400…so much for expert predictions. And who thought we would have double-digit…
