December 6, 2016

A Mixed View

After a three-week run where all major U.S. indexes posted significant gains, we saw a mixed view in the market last week. The Dow was up 0.10%, but the S&P 500 lost 0.97% and the NASDAQ was down 2.65%. The MSCI EAFE‘s measure of international developed markets also dropped 0.24%. Rallies such as the one we’ve experienced since Donald Trump’s election can’t go on forever, so we aren’t too concerned about these minor pullbacks. In fact, as we’ve recently said, when you look more deeply at the data, we see many reasons to believe that our economy is moving in the right direction. Good News This Week Positive economic news for the U.S. continued to come in this week, including reports that: Unemployment dropped again to 4.6% – hitting its lowest level since August 2007. Manufacturing increased for the third straight month. Personal income increased 0.6% in October. Q3 GDP was 10% higher than previously thought. Of course, despite the ongoing indications that our economy is doing well, everything isn’t perfect in the U.S. We’d like to see the economy growing even faster than it is. And while unemployment is low, the measure of people who are underemployed is still […]