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June 3, 2022
The stock market Wall Street’s rollercoaster ride continued throughout May with three weeks of volatility, including the major indices hitting a 52-week low on May 20. On that date, the S&P 500 registered an interday decline of almost 21% since its January high, and the Dow fell for the eighth consecutive week, its longest weekly losing streak since 1923. But May’s swoon was salvaged by a strong finish the last week of the month, with the S&P 500 rallying by nearly 8.5% through June 1, 2022. For the month, the three major indices performed as follows: S&P 500 0.2% Dow Jones […]
June 1, 2022
More than 20 years ago, I met this post production color correction artist who became a beloved, lifelong client. Our meeting also signaled a golden opportunity that helped further my budding career. I was watching a movie one night, not paying full attention as I thought about how I could prospect in a market that was underserved. (Yes, I even thought about work during my downtime at night.) I had been in the business for a little over three years at that point. I’d had some success but felt unchallenged and unfulfilled calling on the same old list of people: […]
May 25, 2022
I was having lunch today with one of my biggest clients, who’s also a close personal friend. He’s someone that I share things with – what’s going on in my business or life, and I always appreciate his counsel. Today, while at lunch, I shared some of the challenges I’ve had this year and over the last couple of years. I talked about my obstacles, stumbling blocks, and setbacks, both personal, professional, and financial. When I was done speaking, he took a pause, then looked me in the eyes and simply said, “Move on.” His blunt and concise response took […]
May 14, 2022
For the last week, I’ve driving up the California coast with my wife and two children. We started in Dana Point and, as of this morning, are in Carmel by the Sea. We’re on to Monterey. Then, ending in Calistoga/Napa for a few days before heading home. This has been an interesting week to say the least. What have I learned? Quite a lot actually, but I’ll narrow it down to these 10 things. First off, I’ve learned that I can actually spend this amount of time with my family! When cell reception and wi-fi are unavailable for hours, I […]
May 6, 2022
April 2022 stock market recap. For April, the three major stock indexes registered: S&P 500 -8.8 percent Down Jones -4.9 percent Nasdaq -13.3 percent Year-to-date in 2022, the big three indexes registered: S&P 500 -13.3 percent Dow Jones -9.3 percent Nasdaq -21.2 percent Market measures. The S&P 500 is off to its worst start to a year since 1939, while the tech-heavy Nasdaq is off to its most auspicious beginning since 1971, and the DOW Jones Industrial Average is showing losses not experienced since the COVID year of 2020. In April, the Nasdaq had its worst monthly performance since 2008. […]
May 1, 2022
My family and I have decided to relocate to Arizona. The reasons are many, most of which are personal. This week, I was getting my son in the car, about to head to my daughter’s softball practice. One of our neighbors, Ben, approached me. I can’t say that we know each other very well, but he’s always very cordial, and they seem to be a nice family. Ben walked up and said, “So, you are doing it, huh?” “Yes,” I replied. “For us, it’s the right move and something that we need to do for our family.” “You’re doing the right thing,” […]
April 18, 2022
Man, I must be so important. Man, you must be so important! I mean, we both must be so important, right? With our phones at our ears 24/7?! We even put our cell phones right on the table during meals, at the ready like wild west gunslingers at high noon, or Pavlovian dogs salivating for the next call, text, or email. What’s so important that we need to be connected to our phones even during time with family? Are we expecting the White House to call us for guidance in handling the Ukraine/Russia conflict? Is Elon Musk going to check […]
April 12, 2022
Over the last week, I was on vacation with my family – experiencing my very first week as a member of the 45-year-old club. Through it all, I can’t help but think just how lucky I am – and how lucky I’ve been throughout my life. Sure, there have been ups and downs, but the overwhelming feeling that permeates my thoughts are those of gratitude. Why it takes vacation or time away to realize that, I don’t know. Maybe it’s having time and space to be able to reflect or being outside of my normal routine that allows me to […]
April 5, 2022
March stock market recap Wall Street rebounded soundly in March after seeing negative returns in February. For the month of March, the three major indexes showed positive returns. March 2022: Dow Jones Industrial Average +2.3% Nasdaq Composite +3.4% S&P 500 Index +3.6% Stock market in the red for Q1 Finishing well into the red, Q1 of 2022 marked the worst quarter for the stock market since Q1 of 2020, two years ago, when the S&P 500 sank 20%. Stock market recap for the first quarter of 2022: Dow Jones Industrial Average -4.6% Nasdaq -9.1% S&P 500 -5.0% Market corrections According to Yardeni Research, […]
April 1, 2022
As we get closer to closing out the first quarter of 2022, I thought it was a good time to reflect on the year – what has gone well and what still needs to be worked on. The bad news is that I’m definitely off course and still have a lot of ground to make up. But the good news? It’s up to me to rip up my map and create a new one. Let me explain: Every year I write up a business plan. However, this guiding document is never just about business. My detailed plan also covers my goals and […]