The March 31st quarter included unprecedented worldwide economic, health and investor turmoil. The Dow Jones Industrial Average suffered its worst start of a year in its 124-year history. This decline completely offset the strong stock market returns of the previous year, putting the S&P 500 back to the levels of December 2018. The pandemic put all the worlds’ national economies, macro and micro alike, on the same downward spiral.
2020-1Q Plumb Funds Quarterly Commentary
Coronavirus: Effects on the global markets | Video
CORONAVIRUS: Effects on the global markets
Manager Q&A: The Next Market Downturn (Or, are we still in record setting territory?)
What are you anticipating over the next 12 months? Should investors be preparing for a downturn?
2019-4Q Plumb Funds Quarterly Commentary
Despite tepid earnings growth for the average company in 2019, broad equity markets provided very attractive returns. To the casual observer, public company earning’s growth, GDP growth and stock prices appear to have decoupled. In 2018, the stock market declined despite significant earnings growth for the underlying major indices. In 2019, the stock market soared despite minimal growth in these underlying earnings.
TD Ameritrade Network: Outlook For Amazon In 2020
Amazon is the poster company for driving disruptive growth, according to Tom Plumb. He prefers Alibaba to Amazon due to China’s growth trajectory.
Bloomberg Radio: Drive To The Close
Tom Plumb thinks there is still potential upward movement in the market. He discusses areas he sees opportunities, such as subscription-based operating systems.
2019-3Q Plumb Funds Quarterly Commentary
The third calendar quarter of 2019 was generally positive for investors, but less so than the previous two quarters. Equity markets were mixed as the S&P 500 advanced 1.7% and the MSCI EAFE ex US index showed a decline of 2.5% for International equity markets.
Can You Compensate For Credit Risk?
Have you noticed that interest rates are very low and bond prices volatile?
Tom Plumb On The “New Economy”
Investing in the “new” economy. What’s driving the change?
Reuters: Apple Leads Wall Street Surge As U.S. Delays On Tariffs
The delay in U.S. tariffs on Chinese products offered hope of progress in future talks between the two countries. Tom Plumb thinks a major deal is unlikely but sees potential for concessions on both sides. He thinks the market will bounce around for the remainder of the year.