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Third Quarter 2014 Financial Market Commentary

October, 2014


Time is on the Fed’s Side

The S&P 500 Index generated a 1.13% total return in the third quarter for its seventh consecutive quarterly gain as

evidence of an improving economy emerged with second quarter Gross Domestic Product (indicator of economic growth) coming in at 4.6%. The remainder of broad risk-based asset classes and investment grade corporate bonds posted negative returns for the quarter (See Tables #1 & #2). Investors became more focused on geopolitical events in the Ukraine, Syria, Iraq, and Hong...

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Perspectives on the Recent Sell-Off in Stocks - August 1, 2014

Since reaching all-time highs on 7/24/14 and 7/16/14 respectively, the S&P 500 Index and Dow Jones Industrial Average have been selling-off for the past 5 days (see Table 1). Most risk-based assets have been following suit including U.S. Mid Cap and Small Cap, International, and Emerging Markets stocks. Reasons cited by market pundits include fears of the Federal Reserve (Fed) raising interest rates sooner than consensus forecast (late spring of 2015), fighting in the Gaza Strip and Ukraine, Argentina defaulting on its debt for the 7th time in its history, and mounting losses at a Portuguese Bank – Banco Espirito Santo.

In our...

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Luke Johnson of Legend Capital Group, Inc. Honored With the 2014 Five Star Wealth Manager Award

Luke Johnson named one of Phoenix’s outstanding wealth managers.

Scottsdale, AZ (PRWEB) July 16, 2014

Five Star Professional is pleased to announce Luke Johnson, Legend Capital Group, Inc., has been chosen as one of Phoenix’s Five Star Wealth Managers for 2014.

Five Star Professional partnered with Phoenix Magazine to recognize a select group of Phoenix area wealth managers who provide quality services to their clients. Luke Johnson will be featured, along with other award winners, in a special section of the September issue.

“It's an honor to be chosen for this year's prestigious list of award-winning wealth managers. I have been an advisor...

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Second Quarter 2014 Financial Market Commentary

July, 2014

 Don’t Fight the Fed

During the first half of 2014, all financial assets rallied in unison reflecting investor optimism that global central bank policies will succeed in generating economic growth. During the second quarter, REITs (7.13%) and Emerging Markets stocks (6.68%) led the way followed by U.S. Large Cap stocks (5.21%), Mid Cap stocks, International stocks, Commodities, and Bonds (See Tables #1 and #2). The last time such a broad rally in all asset classes occurred within the first half of a year was 1993.

The financial...

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First Quarter 2014 Financial Market Commentary

April, 2014

A Slow Grind Higher for Most Risk-Based Assets

During the first quarter, investors’ conviction in U.S. stocks was challenged by geopolitical tensions in the Ukraine, talks of overvaluations in stock prices, harsh winter weather, soft economic news out of China and mixed economic data in the U.S. As the first quarter came to a close, the anticipated increase in economic growth had yet to arrive.

Nevertheless, U.S. stocks continued...

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