By Tom Burnett CFA After two years of very positive returns, fixed income investors are now feeling the pain of a rising interest rate environment. Looking at the long-term Treasury market, the performance was excellent in each of the last two years. The long bond index rose 14.9% in 2019 and 17.9% in…
By Tom Burnett CFA With most of the S/P 500 Index companies reporting first quarter earnings, the growth and recovery trends remain in place. According to the May 14, 2021, FACTSET report, the first quarter Index earnings will be 50.3% above the Covid-ravaged first quarter of 2020. This performance is…
By Tom Burnett CFA On May 12 and May 13 the Bureau of Labor Statistics reported the consumer and producer price indexes for the month of April. Both sets of price data rose sharply from previous months. The CPI increased 0.8% in April after rising 0.6% in March. Over the past 12 months, the Index...
By Tom Burnett CFA In the midst of record high prices in the S/P 500 Index and the Dow Jones Industrial Average, there is a severe correction occurring among high-profile names whose stocks have sold off sharply from their 52-week high prices. We document some of the price collapses below: Stock …
Kelleher Financial Advisors 1st Quarter 2021 Newsletter