If you only looked at the stock market, it was a relatively quiet quarter. The S&P 500 gained a couple of percent for the quarter and around 12% for the year (as of 9/30). Underneath the surface, it was anything but
School was supposed to be back in session today, but we found out last night it was cancelled. Although some districts across the country have gone back to virtual learning, our school district cancelled school due to a "winter storm warning", not the result of COVID concerns. This is our
Black Friday was supposed to be a quiet, generally optimistic day. Seasonally we're in a very strong period for the stock market. Consumer spending has been strong. Earnings have been "better than expected". Thanksgiving travel was supposed to exceed 2019 levels. Christmas travel and spending was supposed to set
Last week Airbnb stock opened 115% above it's initial public offering (IPO) price. It closed up 113% on the day. When discussing it with Cody, our Client Portfolio Manager who holds an Accounting degree, he said, "That's just crazy. How does anybody justify that price?" When I mentioned
Last week's Musings focused more on the big picture and my message to clients and advisors on where we go next. With that focus a lot of my random thoughts last week were on the long-term impact COVID will have on our economy, the markets, and our lives.
