February 1, 2023

January 2023 Market & Economic Recap

  Stocks Stocks rallied on the last day of January to finish off a banner month. Through January, the major stock indices performed as follows: Dow 2.8% SP 500 5.8% Nasdaq 10.7% For the tech-heavy Nasdaq Composite, that was its best January showing since it gained 12.2% in 2001. *** The S&P 500 Index, Down Jones and NASDAQ are market indexes generally considered representative of the stock market as a whole. The index focuses on the large-cap segment of the U.S. equities market. Indices are unmanaged, and one cannot invest directly in an index. Past performance does not necessarily predict […]
January 19, 2023

Friday Thoughts: Many roads, same destination

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing it’s stupid.” -Albert Einstein. All people have different skill sets. Mine are different than those that I work with, and theirs are different than mine. Sometimes it’s easy to forget that everyone deals with things differently. Depending on the situation, someone else’s approach to a problem or job may actually be more effective. We can also expand our perspective by observing someone else undertake a task, gaining a different approach. Another tool in the box may […]
January 12, 2023

A lesson from 37,000 feet.

On Wednesday, I was returning from a trip to Jackson Hole, Wyoming. While on the flight (which was delayed numerous times, like so many others around this time this year) I went to log on to the Wi-Fi. Then, on to the Paramount app on my iPad (to get my fix of watching Tulsa King & Yellowstone). I waited…but no luck. I could not log on. So then, I tried to log into my Disney app. Why not watch a little Marvel?! But still no connection. The Wi-Fi said it was connecting, but the signal must have been too weak. […]
January 5, 2023

Friday Thoughts: Make 2022’s ceiling 2023’s floor.

How can you skyrocket into 2023? Focus on making 2022’s ceiling this year’s floor. Personally, professionally, and, most certainly, financially, nothing feels better than achieving something significant. That all starts with setting (and writing down, setting up accountability systems, etc.) goals. Without them, how would you know how well you are doing? One of my mentors, Harry, once said, “Imagine a career in sales with no contests. It would be like running a marathon or training for one and not knowing the distance you had to go.” Humans, by nature, crave that. We’re hard-wired to both seek and respond to adulation and/or recognition. […]
January 3, 2023

June 2023 Market & Economic Recap

The Stock Market Stocks finished a robust month by rallying on the last trading day, Friday, June 30th. That also capped a banner quarter and first half of 2023 for the markets. For the month of June, the stock market’s three major indices performed as follows: Dow +4.6% S&P 500 +6.5% Nasdaq +6.6% That was the best monthly performance since October 2022 for the S&P 500 and the fourth consecutive winning month for the Nasdaq. For the second quarter of 2023, the three major indices performed as follows: Dow +3.4% S&P 500 +8.3% Nasdaq +12.8% The Nasdaq has now posted […]
January 1, 2023

December 2022 Market & Economic Recap

Stock Market In 2022, the U.S. stock market experienced its worst year by percentage decline since the financial crash in 2008, snapping a three-year streak of Wall Street gains. At the final bell of 2022, those three major benchmarks performed as follows for the year: Dow Jones -8.8% S&P 500 -19.4% Nasdaq -33.1% And for December, the three major indices performed as follows: Dow Jones -4.2% S&P 500 -5.9% Nasdaq -8.7% Inflation The December 13 inflation report brought a sigh of relief, as the Consumer Price Index rose just 0.1% over the previous month, coming in significantly lower than forecasts. […]
December 29, 2022

Drowning in information, starving for wisdom

Remember when there was no internet on an airplane? You actually had to read a book (not a Kindle or iPad), take a nap, or even…(gasp)…speak to your neighbor! How about when cell phones were like $8 dollars a minute? Do you recall when pagers were the most sophisticated form of communication? You still had to run to a pay phone once you got paged and drop in a dime (then a quarter) to return a call. We are all so connected these days. The phone is almost like another appendage for some people (I first typed ‘young people’ but […]
December 22, 2022

The rewards are golden.

Seven or eight years ago, while in Napa with my wife and a few friends, we met this couple. They were a little older than us and very pleasant. We chatted about life, their kids, and business – just a friendly conversation. Later that evening, I invited them to join us on our wine bus tour. They accepted and hung out with us throughout the tour. She was a stay-at-home mom but worked in the business, too. They were both from other areas of the country but found themselves living in Arizona, where they raised their children. After the tour, my wife exchanged […]
December 15, 2022

A state of grace.

In 1994, Nelson Mandela was elected President of South Africa. During the inauguration, he was surrounded by dignitaries and world leaders, celebrities, and heads of state alike. It was a special event that signaled the death knell of apartheid. The world watched. Mandela climbed up to the pulpit, adjusted the microphone, and spoke. The audience and everyone watching around the world expected him to recognize the many dignitaries in attendance, expound on his victory, or deliver vitriol toward his enemies. Instead, Mandela showed the world what grace looks like. He turned to his left, towards three white men in attendance, […]
December 8, 2022

Moving forward. Letting go.

Some relationships end. All relationships change. Often, it’s hard to let go. “You’re so brainwashed,” he said to me, and I knew our friendship had changed. I met up with some friends last week, some of which I had not seen in quite some time. It can be wonderful to meet up with old acquaintances, but also difficult when you see that you’ve grown apart. Still, you try, if nothing more than for the sake of your shared history, the good memories. You try to remember what it was that you had in common, what you went through together. But the […]
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