2019 finished upbeat. Limited tax selling deferred gains forward into a 2021 payment, which helped markets grind higher through December. The key to performance came from earnings multiples advancing, up from 14x to more than 18x, with limited earnings increases. The price advance has either borrowed ahead or at a minimum put more pressure on advancing earnings for 2019. Improved sentiment followed, setting the stage […]
The stock market finished higher for the last four weeks of October, developing a modest breakout at 3,038 for the S&P500. The previous high of 3,025 on July 26th was finally pushed through. For October, the Healthcare sector led performance at +5% for the month. Technology and Telecommunications were +3.81% and +2.73% respectively. Energy lagged at -2.26%. S&P500: October +2.04%, YTD +21.17% DOW: October +0.48%, YTD +15.94% NASDAQ: October +3.66%, YTD +24.97% Russell 2000: October +2.57%, YTD +15.86% Improved Market Turn Stock prices finally muddled through long standing highs in the
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Founded in 1976, Garrett Nagle & Company is a boutique investment management firm specializing in managing portfolios for high net worth individuals and institutions. Based in Woburn, Massachusetts, our portfolios are separately managed and customized according to each client’s individual risk tolerance and return objectives. The firm is a Registered Investment Advisor with the SEC.
Founded in 1976, Garrett Nagle & Company is a boutique investment management firm specializing in managing portfolios for high net worth individuals and institutions.