Posts by Scott Sarber, CEO | Sr. Wealth Advisor
Market Commentary: Second Quarter
Not only has it been hot outside with temperatures well in excess of 100 degrees Fahrenheit here in the Tri-Cities, but the global stock markets have been pretty hot as well. The major stock indexes have continued to show positive rates of return as the economy continues to open and businesses increase production to meet…
Read MoreMarket Commentary: First Quarter
2021 has started out in a positive direction for global stocks as a large number of people have been vaccinated, the economy continues to open up, and additional government stimulus has been provided. Large companies represented by the S&P 500 Index gained 6.17% for the quarter. Small companies represented by the Russell 2000 increased 12.7%…
Read MoreMarket Update – A Breakdown of the GameStop Stock Saga, Trading, and More
On Wednesday, January 27th, while watching Bloomberg TV, the media person provided some statistics on the “stocks hated the most are rising” describing the stocks that had a large amount of short interest were actually climbing the fastest. The stocks mentioned were GameStop Corporation (GME), AMC Entertainment Holdings, Inc. (AMC), and a few others. The…
Read MoreMarket Commentary: Fourth Quarter
Global markets have continued to recover from the panic of the initial COVID-19 pandemic as the anticipated vacines begin to be distributed. The U.S. presidential election seems to be finalized, and that is one less thing the markets have to be uncertain about. Markets consider uncertainty as a risk factor, and the more uncertain things are, generally…
Read MoreMarket Commentary: Third Quarter
Global markets have continued to recover from the COVID-19 Pandemic. Large companies represented by the S&P 500 Index have continued to outperform almost everything else and gained 8.93% for the quarter, and are up 5.57% YTD. Small companies represented by the Russell 2000 increased 4.93% for the quarter, but are still down 8.7% YTD. International stocks represented…
Read MoreFrom the Desk of CEO Scott Sarber
2020 is shaping up to be a very interesting year. Everything was fine until we found ourselves in a global pandemic. Then, everything changed very quickly. During the last week of February and first weeks of March, we were busy coming up with solutions for our team to work remotely. We had experimented with remote working before, and…
Read MoreMarket Commentary: Second Quarter
Global markets, which were under significant pressure as COVID-19 spread across the globe, have made a strong recovery from their lows. Large companies represented by the S&P 500 Index gained 20.5% for the quarter, and -3.08% YTD. Small companies represented by the Russell 2000 increased 25.4% for the quarter, and -12.9% YTD. International stocks represented by…
Read MoreA Message from Our President & CEO
During this challenging time, we are constantly aware of today’s anxious and uncertain environment. In this video, Scott Sarber, President & CEO, discusses his hopeful outlook for the future and highlights key initiatives that our firm is taking to ensure we are here for you and the people you care about.
Read MoreOur Operational Response to COVID-19
Being Prepared and Proactive is the Petersen Hastings Way We began thinking about COVID-19 a few weeks ago when there was talk about the novel virus and what it might mean to have a national outbreak. Our investment committee and trading department was prepared to rebalance accounts as the markets respond to the news. During…
Read MoreMarket Update – Volatility & Actions We Are Taking for Our Clients
As a valued client, your peace of mind is very important to us. Since our last update, the novel coronavirus (COVID-19) has continued to expand across the U.S. and the rest of the world, with the most U.S. confirmed cases right here in the state of Washington. Considering that, we wanted to share some insight…
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