September Monthly Market Update September

Executive Summary Unemployment continues to improve but employers are having difficulty filling open spots to keep pace with surging demand.   Inflation and interest rate concerns have waned as the Fed reassured investors that price increases reflect transitory effects. Historically low price volatility could give way as market breadth declines and consumer confidence falls on […]

Mid Year Market Update

Executive Summary Economic data continues to improve as the economy reopens and vaccinations increase but business are still having trouble filling open positions helping to drive wages higher.   Earnings growth is expected to increase at its fastest pace since 2009 while inflation concerns amongst companies are becoming more prevalent. Interest rate uncertainty could cause […]

May Monthly Market Update

Executive Summary U.S. COVID-19 infections and deaths have been steadily declining from January highs as vaccinations increase. Economic data shows the economy improving but employers are struggling to fill open positions. Tax increases for wealthy households in response to record government spending and increased inflation fears could cause market volatility over the next year. While […]

April Monthly Market Update

Executive Summary With Q1 in the books the equity markets posted solid returns across the board while fixed income was hurt by rising interest rates. Economic data continues to improve as job losses slow and growing vaccinations help ease covid restrictions supporting higher consumer confidence. Inflation has moved to the forefront of concerns for the […]

March Monthly Market Update

Executive Summary To achieve projected economic growth a goods-based recovery needs to give way to a service-based rebound. Declining coronavirus cases, improved vaccine distribution, and record amounts of stimulus are fueling inflation worries and pushing interest rates higher. A weak labor force, high savings rate, and low money velocity remain short-term headwinds for inflation.  Small […]

Monthly Market Update

Executive Summary Economic data continues to remain mixed. Hopes of faster vaccine distributions and continued low interest rates push 2021 GDP estimates and home prices higher. Leading economic indicators remain high but the rate of change continues to slow while consumer confidence remains near recession lows. S&P 500 companies are largely beating analyst expectations, but […]

December 2020 Investment Commentary

Choppiness in early September due to the alarming rise in the number of U.S. Covid-19 cases has given way to 4th quarter optimism as investors digest this latest news cycle. The U.S. has just surpassed over 13 million cases since January and continues to add over 150,000 cases per day, a number that will unfortunately […]