Market Commentary

Last month, the Federal Reserve announced its first rate cut since early 2020, lopping one half of one percent (0.50%) off the fed funds rate, bringing the key rate down to 4.75 – 5.00%.

Last month, we cautioned you about a calendar quirk that sometimes surfaces in August and September. Briefly, “Since 1970, the average monthly return for the S&P 500 Index (excluding dividends) has been +0.09% during August and -0.96% in September, according to S&P 500 data provided by the St. Louis Federal Reserve.”

On July 10, the Nasdaq Composite hit a fresh, all-time high—one of many highs recorded this year.

The Artificial Intelligence revolution is powering significant gains in technology shares and the S&P 500 and is driving headlines.

The stock market is a classroom. And it’s important to find good teachers, study their method, and implement what they teach. Finding successful investors is something that I’m always on the lookout for.

Have you ever made fudge? Nothing fancy, nothing complicated. You obtain a recipe, follow the instructions, bake, let it cool, and done. Fudge ready to enjoy. Smooth and delicious! Simple, right?