January 20, 2023

Market News - January 20, 2023
January 20, 2023

It may be time to add podcasts to the list of trends that peaked in 2020 and are now returning to Earth. A multitude of media empires were created by podcasters such as Joe Rogan as audio giants like Spotify poured money into the industry. However, data from Edison Research shows the boom may be over.

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Cory McPherson is a financial planner and advisor, and President and CEO for ProActive Capital Management, Inc. He is a graduate of Kansas State University with a Bachelor of Science in Business Finance. Cory received his Retirement Income Certified Professional (RICP®) designation from The American College of Financial Services in 2017.


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ProActive Capital Management, Inc. (PCM”) is registered with the Securities and Exchange Commission. Such registration does not imply a certain level of skill or training.


The information or position herein may change from time to time without notice, and PCM has no obligation to update this material. The information herein has been provided for illustrative and informational purposes only and is not intended to serve as investment advice or as a recommendation for the purchase or sale of any security. The information herein is not specific to any individual's personal circumstances.


PCM does not provide tax or legal advice. To the extent that any material herein concerns tax or legal matters, such information is not intended to be solely relied upon nor used for the purpose of making tax and/or legal decisions without first seeking independent advice from a tax and/or legal professional.


All investments involve risk, including loss of principal invested. Past performance does not guarantee future performance. This commentary is prepared only for clients whose accounts are managed by our tactical management team at PCM. No strategy can guarantee a profit. 


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This commentary is designed to enhance our lines of communication and to provide you with timely, interesting, and thought-provoking information. You are invited and encouraged to respond with any questions or concerns you may have about your investments or just to keep us informed if your goals and objectives change.

Continuing Upward

By Cory McPherson • July 24, 2025
The stock market has continued its upward trend over the last month as the S&P 500 has reached all-time highs. In this newsletter I’ll highlight some continued divergences with market momentum and the complacency shown and also touch on some of the changes coming with the recent bill passage in Washington.
A laptop is sitting on a desk next to a cup of coffee and a notebook.

Elevated

June 20, 2025
While the stock market continues to remain elevated and just a few percentage points off all-time highs (S&P 500), the economy also appears to continue to chug along. A lot of the noise of tariffs that caused volatility earlier in the year has dissipated for now as trade negotiations continue. That can obviously change in a hurry. Many that were calling for imminent recession back in April have backed off that call.
A laptop is sitting on a desk next to a cup of coffee and a notebook.

Entering Resistance

May 2, 2025
What a difference a few weeks can make. While the financial media was expecting continued calamity and downside in the stock market in early April, the S&P 500 now sits at about where it was before the big drop that started on April 3rd. Does this mean we are out of the woods now and all clear? There is still a lot to prove on a technical basis as the S&P 500 has entered an important area of resistance.
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