Offering market updates from our partners at Commonwealth as well as knowledge and insight for our clients from Gallagher himself.
Presented by Mark Gallagher Equities continued their rally as those sectors that benefited from more persistent inflation outperformed. U.S. Treasuries were little changed as investors wait for this week’s inflation data. Quick Hits Report releases: Consumer sentiment fell by more than expected in May. Financial market data: Utilities, financials, and staples rally on the potential […]
read more >Market Update— Month Ending April 30, 2024 Presented by Mark Gallagher Quick Hits Markets Pull Back Stocks fell in April as rising interest rates weighed on performance. Bonds Struggle Rising short- and long-term interest rates caused bonds to fall. Continued Economic Growth Economic reports released in April showed signs of continued growth. Markets Rethink Interest […]
read more >Presented by Mark Gallagher U.S. equities sold off again as the Consumer Price Index (CPI) came in higher than expected. Bond yields continued their rise; investors demanded higher yields because consumer inflation has increased. Quick Hits Report releases: Consumer inflation exceeded estimates in March, whereas producer inflation was more moderate. Financial market data: Flat guidance […]
read more >Presented by Mark Gallagher — U.S. equities sold off this week as the Federal Reserve (Fed) members displayed a difference of opinion on how to tame the economy amid recent strong data. Bond yields rose dramatically as manufacturing and employment surprised to the upside. Quick Hits 1. Report releases: Hiring accelerated in March, as 303,000 […]
read more >Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for December. It was a great close to 2019, with U.S. markets up more than 20 percent and international markets showing double-digit gains. Job growth was strong, and, for the ninth month in a row, income and spending went up. New home sales were at […]
read more >Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for January. It was a great month for the financial markets. Despite the government shutdown, signs of an economic slowdown, and dropping consumer and business confidence, U.S. and international markets were up. Plus, job and wage growth were strong, and companies made more money than […]
read more >Brad McMillan, Commonwealth’s CIO, recaps market and economic news for December. It was another bad month in a string of bad months, with U.S. markets down about 10 percent and international markets faring only a bit better, down 5 to 6 percent. A combination of bad news, from a government shutdown, to the ongoing trade […]
read more >Presented by Mark Gallagher General market news • On Monday morning, the 10-, 30-, and 2-year Treasuries opened at 2.81 percent, 2.96 percent, and 2.62 percent, respectively. The spread between the 2- and 10-year notes is again at its flattest level in this economic cycle. Historically, an inverted yield curve—where rates on the short end […]
read more >Presented by Mark Gallagher At the start of 2023, we saw dire headlines about the economy and the markets despite positive economic data. Ultimately, the results this year followed the data, not the headlines. Yes, there were (and are) many concerns and risks. As long as the data stays solid, however, so should the results. […]
read more >In 2022, we faced rising prices, market volatility, and recession fears. Can we expect some good news in the new year? We always strive to keep you informed and help you stay on track toward your long-term financial goals. Today, we present a 2023 outlook provided by Brad McMillan, CFA®, CAIA, MAI, chief investment officer […]
read more >CLICK HERE -> Generic Tax Organizer 2021 <- FOR THE 2022 TAX SEASON Another tax filing season is fast-approaching. We hope your 2022 new year is off to a great start. Our entire staff appreciates having you among our good and loyal clients – thank you! As was the case last year, Gallagher Financial […]
read more >Click here -> Generic Tax Organizer 2020 for the 2021 Tax Season After a rollercoaster year, the 2021 tax filling season is fast-approaching once again. Without a doubt, the Covid-19 pandemic has introduced a paradigm shift in our daily routines! As we all adapt to what’s been deemed “the new normal”, Gallagher Financial Services is […]
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