Trump rally has plenty of precedent

trumpeffect

The stock market has been on a roll this year, breaking record after record. President Trump recently tweeted that the media  should report on the “virtually unprecedented” rally in the market since he took office. Although the Trump rally has seen nice, healthy gains so far, it is well behind some other presidential stock market rallies, reports Bloomberg News. In fact, it is only the seventh-best presidential stock market rally, and is dwarfed by previous rallies under four Democratic and two Republican administrations. As of mid-October the market had gone up by 19% under Trump, as measured by growth in the Standard & Poor’s 500 Stock Index, Bloomberg says. However, the market jumped by 41% during the 11 months following the election of Franklin Delano Roosevelt to his first term in 1932. Roosevelt saw another 28% rally in his fourth term beginning in 1944. The second-best performance was 38% in Bill Clinton’s second...

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Protecting Your Personal Information After the Equifax Breach

cyber

On September 7, Equifax, one of the country’s largest credit monitoring bureaus, announced they suffered a massive data breach, exposing millions of consumers’ personal information to hackers. Potentially, anyone with a credit history could be a victim of this unprecedented cybercrime. According to Equifax, the breach lasted from mid-May through July and approximately 143 million consumers were exposed.  Hackers accessed people’s names, Social Security numbers, birth dates, addresses and in some cases driver’s license numbers, the corporation reported.  Also included in the theft were credit card numbers for 209,000 people and certain dispute documents for another 182,000 U.S. consumers. As financial advisors, we understand the importance of keeping personally identifiable information private and protecting against increasing cyber threats.  In light of the Equifax incident here are the steps we recommend our clients take to protect their identity and accounts: Find out if you were exposed. Click on this link https://www.equifaxsecurity2017.com/potential-impact/ and follow the simple...

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Lessons for the Next Crisis

2008financialcrisis

It will soon be the 10-year anniversary of when, in early October 2007, the S&P 500 Index hit what was its highest point before losing more than half its value over the next year and a half during the global financial crisis. Over the coming weeks and months, as other anniversaries of major crisis-related events pass (for example, 10 years since the bank run on Northern Rock or 10 years since the collapse of Lehman Brothers), there will likely be a steady stream of retrospectives on what happened as well as opinions on how the environment today may be similar or different from the period leading up to the crisis. It is difficult to draw useful conclusions based on such observations; financial markets have a habit of behaving unpredictably in the short run. There are, however, important lessons that investors might be well-served to remember: Capital markets have rewarded investors over...

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