Newsletter | August 3, 2018
Monthly market update video

Presented by: 

Todd Day, Portfolio Manager

Market update by
Todd Day, Portfolio Manager
Tariffs just ahead
The month of July lived up to its historical reputation for strength—the Dow led the major averages followed by the S&P 500, the NASDAQ and pulling up the rear was the Russell 2000, small caps.

Expectations were somewhat high heading into earnings season, but no one was expecting to see an S&P 500 EPS beat rate of 90%+ and a beat rate in the Technology sector of 100%. Despite that beat rate for tech names, investors expected solid guidance and it wasn’t there. ..

"We become what we think about."
– Earl Nightingale
Common filing
errors to avoid
Look low
and high!
Drink your
(coconut) milk
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