Second Quarter 2018

A Strong Economy

With all that has been happening during the 2nd quarter, it is amazing that the U.S. economy is tracking along very nicely. The same cannot be said for the rest of the world. Even as the world economy has been doing well, the markets remain very volatile.

First Quarter 2018

Exuberant Volatility

Year End 2017

New Tax Law and Corporations

Third Quarter 2017


As we enter the fourth quarter, the unemployment rate stands at 4.2%, the inflation rate has not reached 2%, wage and prices appear stable, overall, businesses seem to be doing well, and the Federal Reserve did not raise the discount rate during the quarter. Adding to the good news, the government announced late in the third quarter that the growth rate for the second quarter, instead of the originally reported 2%, was 3%. This helped to fuel the stock market.