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Money Managers Live's Blog

Where Are We Now?

December 11, 2013 Comments (0)

Even though there have been six selloffs this year - the stock market keeps trending up. If this holds, 2013 will go on the record books as a very good year. How is this possible when there are so many things to be concerned about? The stock market is a leading indicator. When the economy is weakening then usually the stock market is weak before the economic indicators become weak. Conversely, the stock market will usually strengthen before those same economic indicators get stronger.

Happy Thanksgiving!

November 27, 2013 Comments (0)

At this time of year, here at Paragon Wealth Management, we like to pause and reflect on all the many reasons to give thanks. We are truly grateful for our clients (and that the stock market is up). From all of us at Paragon, we wish you a happy and safe Thanksgiving!

Yellen Time…

November 14, 2013 Comments (0)

The confirmation process for Janet Yellen as the new Fed chair begins today. Although the questioning may get a bit feisty due to the current partisan atmosphere in Washington she is expected to be confirmed. The markets will be watching closely for hints and clues as to her thinking on all things QE. Some short-term consensus has been building that the Fed might start to taper in December rather than in 2014 due to the recent stronger jobs report and economic data. That has caused the...

"Into the Valley of Death Rode the..."

October 17, 2013 Comments (0)

We will have to see if the “Tea Party” politicians will learn from their humiliating defeat on the budget debacle and play smarter politics going forward. I think they have unfortunately hurt their cause and set it back. Compromise is how things get done in Washington and unless you control the commanding heights (i.e. Presidency and both houses of Congress) you need to bide your time and play better defense. I think the Republican caucus needs a bit of Tennyson recitation in the form the...

End of the World?

October 3, 2013 Comments (0)

It is no wonder that investors are concerned about the government shutdown. Here is an excerpt from today's press release from the U.S. Treasury Department. Keep in mind the Treasury is supposed to report the facts and not play partisan political games. In a Press Release posted on the U.S. Treasury website today they stated: WASHINGTON - The U.S. Department of the Treasury released a report today on the potential macroeconomic effects of debt ceiling brinksmanship. The report states that...

More Money....But We Are Going To Pay For It

October 3, 2013 Comments (0)

The Fed surprised markets today by not beginning to taper the massive QE program. Markets were generally expecting a $10-15 billion reduction and jumped sharply higher on the news. The supposedly more transparent Fed was anything but with this announcement. This could cause more volatility going forward as it introduces more uncertainty as to what the Fed will do. One thing for certain is that the taper will not begin under Bernanke’s watch. He is getting out before the hard part comes...

Mo'Money, Mo'Money

September 18, 2013 Comments (0)

The Fed surprised markets today by not beginning to taper the massive QE program. Markets were generally expecting a $10-15 billion reduction and jumped sharply higher on the news. The supposedly more transparent Fed was anything but with this announcement. This could cause more volatility going forward as it introduces more uncertainty as to what the Fed will do. One thing for certain is that the taper will not begin under Bernanke’s watch. He is getting out before the hard part comes...

Market Trends

September 12, 2013 Comments (0)

Over the past three years the markets have been very correlated. Not all, but many of the sectors have moved up or down in lockstep fashion. The stocks in the S&P 500 have been the most popular making that index very difficult to beat. Those correlations seem to have started to change, ever since August 1st, or about the time interest rates started moving up. Increasing interest rates have historically disrupted many of the standard market correlations. It will be interesting to see if...

Paragon's Backyard Dinner

September 6, 2013 Comments (0)

Thank you all for coming to Paragon's Backyard Dinner. We had a great evening visiting and getting to know each other better. Plus we had fun giving out some great prizes!

Time For A Little Earnings Growth Please

August 15, 2013 Comments (0)

The market has rebounded from the June lows and briefly broke a bit higher above the 1700 mark of the S&P in early August. The last few days have seen some mild pullbacks as the market seems to be showing signs of getting tired. Whether we are about to get a correction or not remains to be seen. August and September tend to be seasonally weaker months and the market is up nearly 20% for the year at this point. While some caution is warranted, any correction could be shallow and tricky to...