Compass Point Retirement Planning, Inc.

Market Update

  • January 2016 Monthly Market Update

    January 20, 2016

    Stocks limped to the finish in December. The S&P 500 slumped 1.75% during the month and lost 0.73% for the year. The market rallied when the Federal Reserve raised interest rates for the first time in nearly a decade, but it retreated repeatedly during the month as oil prices continued to fall. Payrolls expanded nicely, consumer confidence improved, and most of the housing market news was positive. In the wake of the Federal Reserve interest rate decision, Wall Street seemed ready to focus on 2016 and forget a weak year for equities.1

    January 2016 Monthly Market Update

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  • January 2015 Monthly Market Update

    January 22, 2015

    December certainly looked like it was going to be a trying month for the market, but then Wall Street got a little help from the Federal Reserve. In its December 17 policy statement, the central bank told the world that it would be “patient in beginning to normalize the stance of monetary policy.” That declaration helped turn stocks around. Oil prices (and retail gas prices) declined further in December; readings on fall consumer spending and Q3 GDP improved. When 2014 ended, the S&P 500 had posted another double-digit yearly gain – and while some foreign economies seemed to be slowing... Read More

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