Scott Carlson

Q3 2018 Market Commentary

If you believe that the trend is your friend, then perhaps the U.S. stock market is in for an excellent fourth quarter. U.S. equity markets suffered small losses in the first quarter, followed by decent single-digit gains in the second quarter. Now that the third q [...]

Scott Carlson

Q2 2018 Market Commentary

The U.S. equity markets suffered a small setback in the first quarter, but the second quarter brought us back into positive territory. There appear to be several forces fighting for control over the investment markets.  The current bull market started in March of [...]

Scott Carlson

Q1 2018 Market Commentary

For the first time in nine calendar quarters, the U.S. investment markets delivered a negative overall return.  It was only a slight decline, but the decline reminds us that markets can and do go down from time to time. The first quarter saw the first correction [...]

Scott Carlson

Q4 2017 Market Commentary

The bull market continued for another year, causing market indices to soar to new heights over and over again and—ominously—also pushing valuations further beyond the long-term averages. This was a year when investors ignored the dire headlines, North Korean mi [...]

Scott Carlson

Q3 2017 Market Commentary

The last few years of a bull market are always a bit of a mystery to professional investors; the market rose faster than it did in the early, cautious years when nobody believed there WAS a bull market, even though there appear to have been fewer fundamental or eco [...]

Scott Carlson

Q2 2017 Market Commentary

The U.S. stock market has more than tripled in value during the run-up that started in March 2009, and the most recent quarter somehow managed to accelerate the upward trend.  We have just experienced the third-best first half, in terms of U.S. market returns, of [...]

Scott Carlson

Q1 2017 Market Commentary

The first quarter of 2017 provided the highest returns for U.S. large-cap stocks since the last three months of 2013. The Nasdaq index has booked its 21st record close of the year so far, and the indices have recorded a 30% rise over the past six quarters, marking [...]

Scott Carlson

Q4 2016 Market Commentary

You know you’re deep into a longstanding bull market when you see things like average pedestrians keeping one eye on the market tickers outside of brokerage houses to see when the Dow Jones Industrial Average has finally breached the 20,000 mark.  Who would have [...]

Scott Carlson

Q3 2016 Market Commentary

100 days after the Brexit scare, three-quarters of a year after the most recent Fed rate hike, the markets once again confounded the instincts of nervous investors and went up instead of down.  The Fed Chairperson Janet Yellen told the world that the U.S. economy [...]

Scott Carlson

Q2 2016 Market Commentary

It certainly feels like we’re in a bear market, what with the surprising “Brexit” vote in the UK, the dismal first few days of the year and increased volatility across the board.  So it may come as a surprise that the second quarter of 2016 eked out small po [...]