AMJ Financial Blog

Monthly Archives: May 2016

Market Commentary – May 31, 2016

The Markets Everyone makes mistakes. Some people learn from them. In GMO’s March 2016 white paper, James Montier and Philip Pilkington continued to explore the Federal Reserve’s influence on the stock market. It was a process they’d begun in 2015 as they sought “…to understand why our forecast for the S&P 500 had been too… Read More

Market Commentary – May 24, 2016

The Markets A mobile trivia game maker recently assessed the playing habits of Americans and identified the most popular topics by state. As it turns out, Alabamians like college football questions, Alaskans like queries about U.S. states, Rhode Island natives prefer inquiries about the human body, and Wisconsinites love their Green Bay Packers. We think… Read More

Market Commentary – May 17, 2016

When is a door not a door? The answer, of course, is: When it’s ajar. Investors and analysts were trying to find the answer to a different riddle last week: When are strong retail sales not strong retail sales? The answer is: When the retailers are department stores. Consumers spent more in April than they… Read More

Market Commentary – May 10, 2016

The Markets Reading economic portents can be tricky.  For example, do signs that economic growth is slowing – like last week’s employment report, which was anemic relative to consensus forecasts, and first quarter’s gross domestic product (GDP) growth – mean the economy is headed for trouble? Or, does it mean the economy is going to… Read More

Market Commentary – May 2, 2016

The Markets   “Which would you prefer to be: a medieval monarch or a modern office-worker?” If you immediately answered medieval monarch, take a moment to ponder life without “…modern dentistry, antibiotics, air travel, smartphones, and YouTube.” Last week, The Economist used this example to illustrate the challenges of accurately measuring living standards over time…. Read More

Market Commentary – April 25, 2016

U.S. stock markets finished last week in heady territory. The Dow Jones Industrial Average closed at 18,003. Its all-time closing high is 18,312. The Standard & Poor’s 500 Index was less than 1 percent below its intraday trading record, which was set last year. Despite strong stock market performance, optimism was in short supply. Barron’s… Read More