Marvin R Clark | TalkMarkets | Page 3
Managing Principal, Chief Economist and Investment Strategist
Marvin R. Clark is the Managing Principal of Monsoon Wealth Management (MWM). Monsoon offers affluent individuals and business owners’ wealth management, economic, and market advice throughout America. Based in Scottsdale, Arizona, Monsoon’s ...more

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Record High Close
The last time the Dow hit a record high was August 7 at 22,118.42. Since then, the market has had a few startling declines.
One-Two Punch
Hurricane Irma has been ripping up the Caribbean. With Category 5 winds of around 175 mph, the storm lashed several small islands in the northeast Caribbean, including Barbuda, St. Martin and the British Virgin Islands.
The Economy Continues To Slog Along With Good
The major stock indices did what they have been doing all year – shrugged off worries and continued the trend. In the background, the economy continues to slog along with good, not great growth. Companies continue to report good earnings.
Buckle Up
Well, this is a rough start to a new month. It will be a wild September on Capitol Hill as Congress faces a massive number of legislative deadlines and initiative launches.
August Jobs, Meh
The economy added 156,000 jobs in August, missing expectations for around 180,000. The unemployment rate rose a tick to 4.4% from 4.3%; last month’s rate was a 16-year low.
In The Wake Of The Storm
For the month, the S&P edged up 0.05 percent while the Dow gained 0.28 percent and Nasdaq rose 1.27 percent.
Markets Remain Resilient
U.S. equities continued their advance despite a jump in gasoline prices amid the impact of Hurricane Harvey, as well as a mixed bag of economic news and continued anxiety surrounding political and global monetary policy uncertainty.
Get Out Now
Today the Dow Industrials opened down 134 points, then slowly and surely turned positive, marking a 200 point intraday swing from low to high.
Deep Purple
Domestic energy stocks were slammed today. Exxon down 0.3% and Chevron down 0.4%. Refiner Valero Energy climbed 1.1 percent.
A Quiet Friday In August
For the week, the Dow rose 0.65 percent, the S&P 500 gained 0.72 percent and the Nasdaq climbed 0.79 percent. The weekly gains for equities snapped a two-week skid of declines for the Dow and S&P 500 and a four-week drop for the Nasdaq.
No Freaks Yet
Stocks drifted in an aimless manner today, meandering from positive to negative and back and forth again. The good news is that the market has made it through most of August without freaking out – and there have been a few opportunities for a freak.
Good Luck
Stocks fell for the first time in three days, the dollar slumped and Treasuries gained.
What A Plan
The stock market is overvalued. Price to earnings ratios are too high. Investors are too complacent; the volatility index is still below historic average.
Today Was The Big Solar Eclipse
Since August 7, the Dow Industrials have given back 397 points or 1.7%. The S&P 500 has slipped 0.08%, and the technology-weighted Nasdaq has led the way lower with a 2.6% move.
Let Them Eat Cake
Stocks drifted lower into the close, wrapping up a rough week. While the day’s losses were small, Friday marked the first time stocks haven’t risen the day after a more than 1 percent drop since Nov. 8.
No Moral Equivalency
The Federal Reserve released minutes of the July 25-26 FOMC meeting. Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for halting interest rate hikes until it was clear the trend was transitory.
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