Fagan Associates

Join us this Sunday, October 20th for the 7th Annual Flannel Fest to benefit Toys for Tots hosted by Fagan Associates & Ryan's Wake

Admission is easy: bring an unwrapped children's toy to donate to Toys for Tots. As an additional way to help, bring a children's book of your choice to donate & your first drink is on us!
Also highly encouraged, but not required is to wear your favorite flannel.

There will be a cash bar, food, 50/50, & raffles.
We can't wait to see everyone there for what is sure to be a great Sunday Funday!

The broader averages continued to make headway while the cyclically-laden Dow Jones Industrial Average, an outperformer during 2022, continued to lag. Friday was somewhat of a mirror image of Thursday with tech stocks rallying on comments that were interpreted as dovish during Fed Chair Jerome Powell’s post Open Market Committee Meeting (FOMC) press conference Wednesday afternoon. Those same stocks gave back some, but not all of the gain during trading on Friday on a stronger than expected payroll report.

WEEKLY MARKET RECAP WEEK ENDING FEBRUARY 3, 2023 - Market Commentary · The broader averages continued to make headway while the cyclically-laden Dow Jones Industrial Average, an outperformer during 2022, continued to lag. Friday was somewhat of a mirror image of Thursday with tech stocks rallying on comments that were interpreted as dovish during Fed Chair Jerome Po...

Stocks pushed higher this past week as all major averages notched gains of at least one percent, this as bond yields continued to moderate amidst falling inflation. That said, investors will be closely watching the upcoming two-day meeting of the Federal Reserve’s Open Market Committee (FOMC) this Tuesday and Wednesday, the body that, amongst other charges, determines the direction of interest rates. At the present time, the consensus is for at least a hike of at least 0.25% for each of the next two meetings, the latter which is being held March 21-22.

WEEKLY MARKET RECAP WEEK ENDING JANUARY 27, 2023 - Market Commentary

For the week, investors were bailed out on Friday as the December Payroll Report reflected a stable, but slightly weakening labor market along with slower than expected wage growth. This resulted in a rally in both the stock and bond markets which brought them solidly into the green for the start of 2023. Although this sole data point does not a trend make, investors can also point to the weaker than projected Manufacturing and Service Sectors Data from the Institute of Supply Management released earlier this past week. As we have previously noted, at this time we believe that after a total of an additional 50-75 bps (1 bps equals 1/100th of a percent) in interest rates hikes over the next two regularly scheduled meetings (January 31-February 1; March 20-21), the Federal Reserve should pause to assess the impact from prior policy moves.’

WEEKLY MARKET RECAP WEEK ENDING JANUARY 6, 2023 - Market Commentary · For the week, investors were bailed out on Friday as the December Payroll Report reflected a stable, but slightly weakening labor market along with slower than expected wage growth. This resulted in a rally in both the stock and bond markets which brought them solidly into the green for the start...