Quarter end and mid-year report June 30, 2018
Year to Date Statistics (through June 30, 2018) Morningstar U.S. Equity index + 3.08% MSCI International Index -2.75% Long term bonds -4.25% Intermediate Term bonds -1.19% Preferred Stock index down -1.19% The Virtue of Worry Worry is suffering felt for an injury that has not yet and may not happened, but we worry anyway. In finance, worry is a [...]
Dominion Energy Update
Based in Richmond, Virginia, Dominion Energy is an integrated energy company, third largest in the United States, with approximately 27,000 megawatts of electric generation capacity; 15,000 miles of natural gas transmission, storage, distribution and gathering pipelines; and more than 63,000 miles of electric transmission and distribution lines. Dominion operates one of the nation's largest natural gas storage systems, recently completed [...]
Quarter End Report March 29, 2018
Quarter and report March 29, 2018 A positive quarter despite higher volatility So often it is difficult to separate day to day market action and financial headlines from the big picture. The recently passed quarter was a perfect example. What we saw was a sudden return to a “normal“ market. When we speak of stocks, the sudden pop in volatility [...]
Still positive on the economy and markets
Recently, we offered a number of reasons for optimism about continued economic expansion. We cautioned that even in good times markets, especially for stocks, can have serious corrections. The current correction in the stock market was overdue because certain investors decided they did not want to miss the bull market. Some have waited seven or eight years to get on [...]
Year end 2017 Overview and Outlook
The year 2017 confirmed how difficult it is to project the course of financial markets. Any number of highly worrisome events characterized the year, yet financial markets: stock, bond, international, commodities and yes, Bitcoin seemed nearly impervious to bad news. The widely followed Dow Jones Industrial Average (DJIA) rose from about 19,700 to 24,700, its best performance in eight years. [...]
A Tale of Ten Years
“ October 9, 2007: U.S. Equities reach all all-time high as housing slumps” This could have been the headline. With hindsight, we know that over the following 18 months the U.S. and world economies entered one of the most perilous episodes in economic history. A liquidity crisis engulfed major money center banks, well known insurance giants like AIG had to [...]