Wednesday, July 5, 2017 12:20 PM EST
The first half of the year has come and gone. The S&P 500 ground its way higher and finished the first half up 9.3%. Unsurprisingly it has been robust S&P earnings that drove the markets to new all-time highs. Reported earnings were up 18% year over year. Despite the new administration's failure to pass new tax policy so far, analysts weren't expecting much movement in 2017 so earnings estimates haven't disappointed in the least. In fact, companies have continued to beat expectations on the top and bottom line and we expect more of the same in the second half. This has the Runnymede investment team optimistic heading into the second half of the year. As the market continues to hit new highs, there seems to be a guru warning of the next crash on a weekly basis. Just ignore the noise for now.
For our clients, we will soon host our quarterly webinar where we will go over our 2nd half outlook and provide further depth into where we see risks and opportunities. Details will follow shortly.
Disclosure: Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no ...
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Disclosure: Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Runnymede Capital Management, Inc.), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Runnymede Capital Management, Inc. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Runnymede Capital Management, Inc. is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of Runnymede Capital Management, Inc.’s current written disclosure statement discussing our advisory services and fees is available for review upon request.
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You say to ignore the "noise", meaning that the market won't go down, but do you think that the market will stagnate or continue increasing?