Marvin R Clark Blog | Talkmarkets | Page 1
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, ... more

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Irrational Spending
Third quarter earnings season kicks into high gear this week with 8% of the S&P 500 slated to report results. And while companies are forecast to reveal a healthy pace of earnings growth, expectations are already very high.
Stocks Continue Recent Record Run
U.S. stocks showed resiliency amid lingering geopolitical and monetary policy uncertainty, buoyed by upbeat reads on domestic business spending and jobless claims, while the trade balance narrowed more than expected.
Wipe Out
The Institute for Supply Management’s index of service-oriented companies jumped to a 12-year high of 59.8% in September from 55.3%. The last time the index was higher was in August 2005.
Modest Gains In A Lackluster Session
U.S. equities modestly added to record highs after a read on the key services sector activity hit a level not seen in 12 years and a report on private sector jobs met expectations.
Chugging Higher - Wednesday, October 4
The market has been slowly, steadily climbing. The more unusual factor is that it hasn’t been dropping. Even in a secular bull market, we have pullbacks but dips as small as even 3% have been in incredibly short supply.
Markets Add To Record Run
The U.S. equity markets moved further into record territory, as global economic sentiment continued to get a tailwind from yesterday's plethora of upbeat manufacturing reports and favorable September auto sales figures released today.
Upbeat Manufacturing Reports Boost Stocks
U.S. stocks were higher to start the week, as favorable reads on manufacturing activity out of China, Japan and the eurozone were followed by a thirteen-year high in the U.S report.
Busy News Week
For the third quarter, the Dow gained 4.9%, the S&P up 4%, the Nasdaq Composite was up 5.8%, and the Russell 2000 added 5.4%. This despite hurricanes, tax plans, and politics as usual and unusual.
Gains Garnish Stocks Amid Data And Proposed Tax Overhaul
U.S. stocks gained solid ground with technology and financial shares leading an advance that followed an upbeat business spending report and an optimistic reception for the latest ambitious tax reform proposal.
Health Care, Taxes
Cutting taxes on corporations and the wealthy may be an easier political lift than taking health insurance away from 20 to 30 million Americans. But there is still a math problem that must be overcome, how to cut taxes without blowing up the deficit.
Markets Mixed
News on the economic front was mixed, as September new home sales surprisingly decreased, consumer confidence inched lower and regional manufacturing activity unexpectedly jumped further into expansion territory.
Summer’s End
The Federal Reserve said that the net worth of households and nonprofits rose by 1.7%, to $96.2 trillion, as the value of equities rose by $1.1 trillion and the value of real estate rose by about $600 billion. Those gains aren’t distributed evenly.
The Streak
The Dow and the S&P 500 hit record highs. The Dow has posted gains for 7 consecutive sessions and 5 consecutive record high closes. The was the 40th record high for the Dow this year.
The S&P Is Up 12% Since The Start Of The Year
The Standard & Poor’s 500 index closed above 2,500 for the first time. The S&P is up 12% since the start of the year.
Bull About Nothing
The Dow Industrial average hit another record high close – 3 in a row, and the fifth consecutive session of gains in the Dow.
Back-To-Back Hat Trick
Stocks closed near session highs. Most of the day the S&P and Nasdaq traded in negative territory, while the Dow Industrials flipped from positive to negative in a tight range.
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