Featured Journal Entry

IS ALL THE GOOD NEWS PRICED IN?

Last week we discussed whether stock prices might be reflecting peak optimism. In that commentary we noted that while sentiment may be overly optimistic and a pickup in volatility would be totally normal, strong breadth measures suggest stocks still may have more upside. This week we tackle that same topic of peak optimism, but by...

Journal Entries

April 30, 2020 | By Boone Wealth | Filed under: Weekly Market Commentary

WHAT HAPPENED TO OIL?

Negative oil prices have dominated headlines recently. A combination of oversupply, lack of demand, and a lack of storage capacity resulted in temporarily negative oil prices, where holders of a futures contract were paying others to take delivery of...

April 22, 2020 | By Boone Wealth | Filed under: Weekly Market Commentary

IS THE EARNINGS BAR LOW ENOUGH?

This earnings season will be unlike any other, as travel restrictions and lockdowns related to COVID-19 have impacted results dramatically. The biggest economic hits came in mid-March, however, and won’t be fully captured in first quarter results....

April 14, 2020 | By Boone Wealth | Filed under: Weekly Market Commentary

A RECESSION IS HERE

The economy has halted for the past several weeks, and with it the longest economic expansion ever has ended, meaning we are now in a recession. What makes this recession unique is the government intentionally brought it on, with the chances for an...

April 8, 2020 | By Boone Wealth | Filed under: Weekly Market Commentary

MARKET BOTTOMING PROCESS CONTINUES

Stock market volatility has remained high as investors continue to closely track COVID-19 containment efforts while getting a glimpse into how damaging travel restrictions, stay-at-home orders, and social distancing have been on the US economy. We...

March 31, 2020 | By Boone Wealth | Filed under: Weekly Market Commentary

Road To Recovery Playbook Update

Stocks soared last week, working off historically oversold levels. Although the impact to our economy and American workers has been devastating, we did see some positive developments from monetary and fiscal stimulus, which could set up a powerful...

March 26, 2020 | By Boone Wealth | Filed under: Weekly Market Commentary

KEY WEEK FOR THE BOTTOMING PROCESS

Last week, we revised our economic and market forecasts as the war against the COVID-19 pandemic wages on. We are likely in recession now, though we won’t know that for sure until more timely data is released. What is clear, however, is stocks have...

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