PERSPECTIVE is an important tool when assessing the economy or the stock market in times of volatility. Perspective is a broader lens through which we try to gauge the scope and scale of all events that impact the economy and [...]
From a market standpoint, the 2010s will be remembered as a decade of slow but steady gains, and a time of sustained growth for investors.The 2010s was the first decade on record that the U.S. didn't experience a single recession. [...]
“The more things change, the more they stay the same” —Jean Baptiste Karr 1849A year ago the 2018 3rd quarter closed with the S&P 500 Index and the Dow Jones Index at 2,914 and 26,458 respectively. As of September 30, [...]
The stock market, whether judged by the Dow Jones Industrial Average or the Standard and Poor’s 500, closed the second quarter near all-time highs. If our only news source was the evening news it would be hard to understand how [...]
At Penobscot we take the long view when it comes to the stock market, and the first quarter of 2019 was a good reminder of the importance of a long-term focus. After the steep selloff last quarter left us with [...]
The S&P 500 lost momentum in the final weeks of 2018 preventing what was developing into another record-breaking year. Instead, markets recorded the first year of negative returns since 2008. Since February, market sentiment seemed to reflect indifference to adverse [...]