Markets Perform Well in Second Quarter Global equity markets had a choppy second quarter, but when the final Wall Street-bell chimed on June 30th, global markets had turned in solid performance numbers on their way to new record highs. For the second quarter of 2021: The DJIA started the quarter at 33,153 and ended at 34,502 for a gain of 4.1%; The S&P 500 started the quarter at 4,020 and ended at 4,298 for a gain of 6.9%; NASDAQ started
Read More
Markets Reach New Highs in Q12021 Global equity markets had a choppy first quarter, but when the final Wall Street-bell tolled on March 31st, global markets had turned in some very solid performance numbers on their way to new record highs. Given that investors did see interest rates rise, oil prices jump, inflation worries reappear and continued headwinds from COVID-19 surface, the first quarter returns for the major U.S. and global, developed markets was nothing short of impressive. For the
Read More
Markets Reach New Highs in 2020 Global equity markets pulled back in October, turned in some astonishing returns in November, performed admirably for the month of December and closed out the fourth quarter of 2020 with new record highs. While many are happy to see 2020 in the rear-view mirror, the performance for the last quarter and for all of 2020 for the major U.S. indices was nothing short of impressive, especially given the headwinds of COVID-19 and the drama
Read More
A Very Solid Third Quarter Global equity markets continued their rebound from earlier this year, despite struggling in the final month of the quarter. By the time the third quarter closed, investors saw that: The DJIA ended the third quarter up 7.6% The S&P 500 ended up 8.5% NASDAQ ended up 11.5% for the quarter It should be noted that the positive third quarter came after what many will see as validation of that September Swoon theory – when the
Read More
A Record-Setting Quarter Global equity markets continued their rebound from the dismal first quarter of 2020 and by the time the second quarter closed, the major U.S. indices had marched to record quarterly gains, including: The DJIA recording its best quarter since the first quarter of 1987, with a gain of 17.8% The S&P 500 recording its best quarter since the fourth quarter of 1998, leaping 19.9% NASDAQ recording its best quarter since the fourth quarter of 1999, soaring 30.6%
Read More
Markets Close 1st Quarter of 2020 by Rewriting the Record Books The first quarter of 2020 is over and investors are glad that it’s in the rear-view mirror. Remember when your parents said, “if you can’t say anything nice, don’t say anything at all?” It was that kind of quarter. Here is a quick snapshot: The DJIA lost more than 23% for the quarter, its worst since the fourth quarter of 1987 It was the worst first quarter for the
Read More
2019 Was a Fantastic Year for Investors Stock markets in the U.S. and around the globe turned in a fantastic 2019, driven by U.S. equities, specifically large-cap U.S. equities. Along the way, 2019 brought plenty of records, including: Record Highs. As the S&P 500 climbed consistently throughout the year, it also recorded 34 new record highs and turned in the best year in more than half a decade. Longest Expansion on Record. Earlier this summer, our current economic expansion passed
Read More
Markets Rise Modestly in the Third Quarter of 2019 as the Fed Cuts Rates and China Saga Continues U.S. stock market indices increased modestly in the third quarter, propelling the S&P 500 and the DJIA to their best three-quarter starts to the year since 1997 – all while further extending what is the longest of all bull markets on record. The broader S&P 500 enters the final three months of the year with a gain of 20.55% – its best
Read More
Patriot Investment Management Group is pleased to announce that we have been named in the 2019 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes the top 300 independent Registered Investment Adviser (RIA) firms in the nation. The criteria for selection include: assets under management (AUM), AUM growth rate, years in existence, industry certifications of key employees, SEC compliance record, and online accessibility. We are honored to be selected and want to especially thank our team and
Read More
Markets Continue to Set Records in the Second Quarter of 2019 Stock markets in the U.S. and mostly around the globe turned in a good second quarter, which when combined with a good first quarter, created fantastic YTD returns for investors. In fact, the returns were historic, especially for the last month of the second quarter. Consider this: The 30-stock DJIA and broad-based S&P 500 posted their best June in 81 and 64 years, respectively The DJIA delivered its best
Read More