Amber Ott - Monday, December 15, 2014
Market Comments for the period ending December 13, 2014. Given the sudden spike in financial market volatility caused by the 44% drop in the price of crude oil over the past six months, we wanted to offer some perspective on the topic. The chart below depicts the spot price of West Texas Intermediate Crude Oil (“WTI”) over the past decade. In the summer of 2008, the spot price closed near $150 per barrel. Then, as is now true, the story was based on conventional bel ..
Jen Pieson - Tuesday, October 14, 2014
At the end of last quarter, we shared with you that it had been over 2 ¼ years since the U.S. stock market had experienced a drawdown of 10% or more. We wrote that we were overdue for a market correction – and it appears that we may now be in the throes of that correction. As you are undoubtedly aware, the stock market took a beating in recent days. Given the present geo-political tensions, Ebola scare and the uncertain economic outlook for overseas countries, we are actually ..
Jen Pieson - Tuesday, August 26, 2014
As the unofficial summer season winds to a close I’d like to circle back to some of the topics we touched upon earlier in the season. Economic Growth – After the challenging first quarter which saw U.S. GDP register a negative 2.1% growth, investors debated the path forward through much of the spring. Stock investors dismissed the weak first quarter as simply weather-related. Bond investors, on the other hand, believed the underlying run rate had truly decelerated fro ..
Jen Pieson - Friday, July 25, 2014
As we look around the globe today there is no shortage of geo-political tension. From the conflict between Russia and Ukraine, the seemingly ever-simmering territorial and civil battles in the Middle East to less publicized but no less significant tension between Japan and China, there is no shortage of unrest to be concerned with. Add to these issues the potential for another bond default by Argentina this week and you have a pretty challenging environment in which to make investments. ..
Jen Pieson - Wednesday, July 02, 2014
In our last update we discussed some of the surprising returns logged by various asset classes so far this year and detailed what it will take for the positive results to continue. Today I want to focus on a topic that had been on investors’ minds a few years ago but gradually fell out of the spotlight: Inflation. With the economic data through the end of June continuing to suggest a consistent recovery from the harsh winter and the abrupt slowdown in U.S. growth (final Q1 ..
Jen Pieson - Friday, May 30, 2014
As we move toward the half-way point of 2014 the financial markets have provided some interesting results so far. Global equities have continued to move higher with one notable exception – U.S. small caps – on the expectation that economic growth will improve as the year unfolds. Although (as of the end of May) the U.S. S&P 500 Index has logged the highest return year-to-date since the end of the first quarter, international stock markets have out-performed U.S. ..
Jen Pieson - Monday, March 10, 2014
Having just celebrated the fifth anniversary of end of the 2008-2009 bear market, there is plenty of commentary in the public domain about what happens next. Based on historical perspective and current conditions, arguments are being made about both a bearish case and a bullish case. While these arguments are helpful in recognizing the primary issues impacting markets, the real important objective - regardless of the path forward - is to not let your emotions rule. Investing is a long-ter ..
Jen Pieson - Tuesday, February 11, 2014
Having avoided a close below its 200-day moving average and having regained the 50-day moving average, the S&P 500 is suggesting - at least technically - that the weakness that began the year may have passed. Since dropping by 41 points (2.28%) February 3rd the primary U.S. stock benchmark has settled down considerably and has now posted two heavy-volume rallies in the past three sessions. What has changed the mood? It’s hard to pinpoint an exact reason. I personally believe th ..
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