Why Evergrande is Worrying the Market

September 22, 2021 10:13 am

Monday’s market meltdown was blamed on Evergrande, a real estate development company in China. Real estate growth in China has long been a hot button issue for investors. It’s been EIGHT YEARS since we saw 60 minutes do a piece on the empty Chinese cities (apologies for the Australian version, we can’t seem to find […]

American Rescue Plan Stimulus Checks: What Those on the Cusp of Eligibility Need to Know

March 15, 2021 9:29 am

The American Rescue Plan Act of 2021 is massive and complicated – impacting individuals, businesses, educators, state and local governments, while addressing the pandemic itself. The one aspect that would appear to be straight forward is the provision for stimulus checks, which are currently being sent out to most Americans. But that is not entirely […]

2021 Market Outlook

January 4, 2021 11:17 am

When my clients ask me for my 2021 Market Outlook, I gently laugh and say, “Well, let’s hope it is more accurate than last year’s.” On January 6, 2020 I noted that the upcoming year would likely be a “decent one” for the US economy. At the time, that statement seemed like a pretty safe […]

Market Optimism

November 9, 2020 11:20 am

Our investment committee went into the election feeling quite positive about the equity markets for 2021. The outlook looked constructive whether the election produced a blue/red wave or divided government. As of this writing, the country is likely to end up with divided government: Democratic President and House of Representatives along with a Republican Senate. […]

A Tale of Two Bridges

September 8, 2020 11:40 am

The question I get most often from clients is, “Why is the stock market doing so well when the economy is suffering?” For most of the summer, the stock market has been buoyant. According to Barron’s, equity investors are up $13.1 trillion or 55.7% from the March 23rd lows and up $2.2T or 6.3% since […]

COVID-19 is Advancing Greater Interest in ESG Investing

July 20, 2020 9:26 am

If you are a supporter of ESG investing (combining traditional investing with environmental, social and governance related issues), then COVID-19 may have a silver lining for you. ESG investing has been playing an outsized role in investment decisions since the beginning of the year. The virus has exposed the critical need for companies to beef […]

States Are Reopening, Are Consumers Starting to Spend?

June 18, 2020 11:23 am

You will often hear, “so goes the consumer, so goes the United States economy.” This is a phenomenon that has grown during my lifetime, as we shifted away from a manufacturing economy to a more service-based economy. Look below at the chart and you will see that consumer spending does make up almost 70% of […]

The Potentially Troublesome Issue With the Stock Market and the S&P 500

May 28, 2020 3:08 pm

There is no perfect measure to say how the stock market in the US is performing. Every major index you see mentioned on the news has some pros and cons.  Typically, every nightly news report will mention the daily returns of the Big 3: the Dow Jones Industrial Average, the NASDAQ and the S&P 500. […]

Who is Right-The Markets or the Economic Data?

May 26, 2020 11:08 am

So what gives with the markets? Let’s use the S&P 500. It was down 33.9% from its 2020 high on February 19th to its low on March 23rd (shortest bear market on record).  It then rebounded 31.9% until April 29th (a dizzying bounce) and has remained essentially flat ever since. Unfortunately, the S&P 500 is […]

What Could a Market Recovery Look Like?

April 13, 2020 9:28 am

In hindsight, it appears surprisingly easy to shut down an economy – we just did it in a few short weeks.  I suspect it is much harder to open an economy back up again. What inspired so many Americans to shelter in place was a combination of worry for their own personal health and an […]