Market Commentary

At Godsey & Gibb, we respect the uniqueness of each client’s investment needs and expectations.

3rd Quarter 2017 Investment Watch
The outlook for growth in the second half of the year remains solid, although third quarter GDP will likely be negatively impacted by the hurricanes in Texas, Florida and Puerto Rico. Corporate earnings rose 6.3% in the second quarter, helping to drive positive gains for the equity markets. The S&P 500 rose 4.5% for the third quarter, and is up 14.2% YTD. Geopolitical risks remain elevated across the world, but the financial markets are focused on the underlying performance of the economy and individual companies.
2nd Quarter 2017 Investment Watch
The U.S. economy appears to have gained some momentum in the second quarter on rising consumer spending and expanded manufacturing activity. Geopolitical risks are on the rise with an escalation of tension with North Korea, increased terrorism across Europe and the highly contentious and volatile political divide here in the U.S. Despite these concerns, equity market volatility remains low as the market seems to shrug off negative news and instead focus on the fundamentals of the economy and improving corporate earnings.
1st Quarter 2017 Investment Watch
The optimism that began in the fourth quarter of last year has carried over into 2017. Surges in business and consumer confidence have been driven by the belief that a healthy consumer along with regulatory and tax reform could push U.S. economic growth above the current 2.0% path.
4th Quarter 2016 Investment Watch
2016 was a year with a lot of volatility, as concerns about geo-political risks, global economic growth, central bank activity and a contentious U.S. election weighed on investors’ minds.
Elections and Financial Markets – White Paper 3rd Quarter 2016
Presidential elections occur every four years, and while the choices change over time, one thing is consistent: financial markets prefer certainty versus the unknown and therefore market volatility tends to increase at this time of year.
October 2016 Investment Watch
As we enter into the final quarter of 2016, the U.S. economy continues to grow at a moderate but somewhat uneven pace driven by a healthy consumer.