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The views expressed represent the opinions of Ascendant Wealth Management, LLC (Ascendant Wealth) and are subject to change. These views are not intended as a forecast, a guarantee of future results, investment recommendation, or an offer to buy or sell any securities. The information provided is of a general nature and should not be construed as investment advice or to provide any investment, tax, financial or legal advice or service to any person.

Additional information, including management fees and expenses, is provided on Ascendant Wealth’s Form ADV Part 2, which is available upon request.

 

Monday, September 10, 2018

The month of September has historically been the worst month of the year for stocks. Since 1950, the S&P 500 has averaged a 0.5% loss in September. The Nasdaq has performed even worse, with an average loss of 0.8%. This year, September...

 

Monday, August 27, 2018

The S&P 500 reached an all-time record last week at 2,876 passing the previous high set back in January. Prior to last week’s record close, the S&P 500 had gone 145 trading days without a new record. The struggle for the index to...

 

Monday, August 20, 2018

The S&P 500 is up 7.73% year to date in 2018. The Dow, an index of just 30 stocks, is up 5.06% through Friday. Obviously, to anyone who follows the stock market, tech stocks like Amazon, Apple and Google have been the leaders, up 97%,...

 

Monday, August 13, 2018

When the Dow lost just under 200 points on Friday, much of the blame was placed on Turkey’s financial crisis. So how does a country that produces less than 1% of the world’s GDP cause the most powerful stock market to drop?...

 

Monday, August 6, 2018

1. Including dividends, the S&P 500 was up 3.76% in July. The largest 10 stocks in the S&P 500 make up 21% of the total market capitalization of the index. So 2% of the stocks in the S&P 500 represent 21% of the total value of the S&P...

 

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Monday, July 23, 2018

Next week, investors will see an earnings tsunami with 583 companies reporting 2nd quarter earnings. The busiest week of earnings in a long time will see Google start the parade on Monday, followed by UTX, MMM, AT&T, Verizon, Lockheed...

 

Monday, July 9, 2018

We hope everyone had a great 4th of July holiday last week! Stocks sure did. Even with the shortened work week (the market was only open 3½ days) the broad market nearly doubled its gains for the year! As exciting as that sounds...

 

Saturday, May 19, 2018

In the month of April alone, the IRS collected $510.4 billion in total taxes. For the six months from October through April, the total collection was $2.007 trillion, an all-time record. Individual taxpayers coughed up $1.39 trillion...

 

Monday, May 14, 2018

Stocks begin this week’s trading with a 7 day winning streak that has added almost 900 points to the Dow. The averages are now back in positive territory for the year. Top and bottom earnings beats by 76% of the companies...

 

Sunday, May 6, 2018

The price action in Apple stock over the past few weeks could teach investors several important lesson about investing. Apple is one of the market’s most owned, followed and talked about stocks. There are no shortage of opinions...

 

Sunday, April 29, 2018

For the last decade, the 10 year U.S. Treasury has been a lousy investment. In April of 2009, the 10 year yield was 0.97%. Two years later it was down to 0.67%. Another two years later the interest rate was even lower at 0.23%. Very...

 

Saturday, April 21, 2018

For three days this past week, stocks traded higher on good earnings news. The earnings reports were so good that even IBM and GE posted “top and bottom beats.” That means they exceeded expectations for revenue (top line)...

 

Sunday, April 15, 2018

Since the beginning of the stock market, emotions have played a role in how investors look at stocks. Rallies tend to start in periods of Disbelief when experts are predicting disaster and everyone is scared. As the rallies continue,...

 

Friday, March 30, 2018

The S&P 500 had been higher in the 1st quarter for 8 years in a row, until yesterday. Thanks to a lousy final two week of March, the S&P 500 closed down for the quarter. That not only brought the positive 1st quarter streak to an end,...

 

Sunday, March 25, 2018

Friday was a miserable day for investors as stocks plunged again and the Dow finished down 1,400 points for the week. Since hitting an all-time high in January of 26,616 the Dow has corrected downward 12%, rallied back up 7% and now...

 

Friday, March 23, 2018

Wall Street has a bunch of overused expressions to describe the trading action in the stock market. The most recent saying favored by investors is “Buy the Dip.” That describes the tendency for investors to buy stocks on...

 

Sunday, March 11, 2018

Wall Street enjoyed the 2nd best day of the year on Friday as both the Dow and S&P 500 added 1.74%. The 440 gain in the Dow took it to 25,335, just 4.8% from the all-time high. It is only March, but stocks have already moved up or down...

 

Sunday, March 4, 2018

Last week, gaming and computer-aided design chip maker Nvidia went down $12 per share when President Trump proposed tariffs on imported steel. A year ago, NVDA sold $9.7 billion worth of chips and none of them contained any steel. Why...

 

Monday, February 26, 2018

The Dow went up 11 points on Friday. That is not a big deal, except stocks had been negative all day until the final five minutes. Stocks rallying just minutes before 4pm is not a big deal, except this was the 11th day in a row that...

 

Sunday, February 18, 2018

“Sometimes the hardest thing to do in investing is to do nothing.” David Tepper Early in February, the stock market lost 12.4% in 9 trading days. Many experts predicted it was the beginning of a prolonged and deep...

 

Saturday, February 10, 2018

“The weird stock market behavior didn’t start two WEEKS ago. It started two YEARS ago and ended two weeks ago.” Eddy Elfenbein Since 1928, there have been 95 corrections in stock prices of 10% or more. That averages...

 

Saturday, February 3, 2018

In numerical terms, the Dow went down 666 points (2.54%) and the S&P 500 fell 60 points (2.12%). The Dow finished the trading day at 25,521 or 1,096 points below the all-time high set very recently. For the week, the Dow went down...

 

Sunday, January 28, 2018

The S&P 500 is up over 7% for the month of January, with three more trading days to go next week. Only four years in history have had a better start than 2018. They were 1976 = 10%, 1975 = 10%, 1934 = 12%, and 1987 = 13%. While the...

 

Sunday, January 21, 2018

As the stock market rally continues, investors will turn their full attention to earnings next week. Over 300 companies, including 44 from the S&P 500, will report 4th quarter numbers. Among those giving EPS, revenue and forward...

 

Sunday, January 14, 2018

At the end of 2016, ten respected Wall Street strategists forecasted where the S&P 500 would be by the end of 2017. Their guesses ranged from 2,300 to 2,575. The S&P 500 actually finished at 2,674. All ten were wrong and many were not...

 

Sunday, January 7, 2018

Stocks started the first week of January right where they left of in 2017, in rally mode. The first four days of trading were all positive for the first time since 2010. The all time record is seven straight up days to start any year....

 

Sunday, December 31, 2017

The S&P 500 gained 19.4% for all of 2017, despite profit taking on the last week of trading. Volume was low and the trading was calm, but some investors locked in gains despite the promise of an improving economy. The recent headlines...

 

Sunday, December 17, 2017

“This is the big one! I’m comin’, Elizabeth!” - Fred Sanford on the TV show Sanford & Son Yes, I am opening up this week’s commentary with a quote from the 1970’s sitcom Sanford & Son. In numerous...

 

Monday, December 11, 2017

On Friday, an investment professional on TV commented that it has been 666 days since the stock market’s last 10% correction. Biblical reference aside, it is hard to tell if this is good news, or bad. Does going this long without...

 

Sunday, December 3, 2017

As the more technologically advanced of the Ascendant duo, I was asked by David to write about Bitcoin. After much research, I’m probably just as confused as I was before. Unfortunately, most of its investors don’t...

 

Monday, November 27, 2017

Venezuela is down to their last $9.6 billion in cash and just defaulted on their bond debt. It is hard to imagine how a country with proven oil reserves of 297 billion barrels can be broke, but socialist Venezuela has done it. For...

 

Saturday, November 18, 2017

Despite falling for the 2nd straight week, the stock market (S&P 500) is less than 1% lower than recent all time highs. The Dow is also only 1.03% lower than record highs. Investors have been using these dips in stock prices, as buying...

 

Sunday, November 12, 2017

With all the great earnings results being announced, many companies are flush with cash. There are any number of things companies can do with all this cash. They can invest in new technology or equipment, buy a competitor or supplier,...

 

Monday, November 6, 2017

Despite the constant predictions for a market crash, the Dow and the S&P 500 both set yet another all time high on Friday. The reason is simple. Everything that matters to investors is moving in the right direction. For example, the...

 

Sunday, October 29, 2017

Good earnings always push stock prices higher. Last week was no exception, as big technology stocks crushed their earnings estimates and powered the Dow and S&P 500 to record highs. Amazon, Google, Microsoft, and Intel pulled the...

 

Sunday, October 22, 2017

Next week will be the mother of all earnings week. Not just because 175 different S&P 500 companies report their 3rd quarter numbers. The specific companies reporting are a cross-section of every part of the economy. If you like big...

 

Sunday, October 15, 2017

Time to clean out the desk of all the interesting facts and numbers that did not make a Weekly Summary. Enjoy. Netflix – In the last 15 years, the price of Netflix shares have fallen 70%, three times. Each time it has declined...

 

Monday, October 9, 2017

The stock market will not be closed Monday in observance of Columbus Day, but banks and government offices will. As is usually the case with partial holidays, volume will be light and five days of trading activity will have to be...

 

Monday, October 2, 2017

Stocks closed out the 3rd quarter with yet another record all-time high. In fact, Friday’s close was the 39th record for the S&P 500 so far in 2017. That is far more than last year’s 18 all-time highs or 2015’s ten...

 

Saturday, September 23, 2017

The Fed met this week and hardly anyone noticed. The headline writers were busy with coverage of Hurricanes Harvey, Irma, and Maria, the earthquake in Mexico, more tax & healthcare debate in Washington and Trump's twitter war with...

 

Sunday, September 17, 2017

Texas and Florida are the 2nd and 4th largest economies, by state, in the country. If Texas were a country, it would be the 10th largest economy in the world and about the same size as Brasil. Florida’s $900 billion economy is...

 

Saturday, September 2, 2017

Apple was on the cover of Money magazine, a special issue entitled “15 Minute Retirement Plan.” Sell the stock now. Of course, Apple’s products are great, but their upcoming product line will result in shrinking...

 

Saturday, August 26, 2017

When the “stock market” reaches a new record high, not every stock goes along for the ride. This is especially true for the Dow Jones Industrial Average, commonly called the Dow. In early August, the Dow set an all time...

 

Sunday, August 20, 2017

Stop me if you’ve heard this analysis before, “The Fed is confused what to do, oil prices keep gyrating up, then down and investors seem to make the same mistakes, over and over again.” Those three themes could be...

 

Sunday, August 13, 2017

Time to clean out the desk and use some interesting facts and figures that never made it into a weekly summary. In 2016, there were 61 million Americans who received either retirement or disability Social Security benefits. By 2021,...

 

Monday, August 7, 2017

Technology continues to lead the market higher. Through Friday, the S&P 500 has returned 11.66%. Of the 11 sectors in the S&P 500, Technology has performed the best, with tech stocks up 22.3%. Only two other sectors are doing better...

 

Saturday, July 29, 2017

In many ways, no single stock better epitomizes the current stock market than Amazon. Just like the Dow and S&P 500, Amazon has set record highs, had steep intraday corrections, grabbed all the headlines and split the investment...

 

Thursday, July 6, 2017

“One of the funniest things about the stock market is that every time someone sells, another buys, and they both think they are astute.” …..William Feather The 1st half of the trading year ended Friday, with the Dow...