News
Our location, although remote, has not prevented us from being nationally recognized for our performance through the years. We have earned recognition by The Wall Street Journal, The New York Times, Barron’s and USA Today. Members of our team are also frequent guests on CNBC, Fox Business, Bloomberg Television and local news stations.
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Market Commentary - June 2023
- The “Debt Ceiling” debate in May had a negative impact on financial markets.
- The banking crisis continues to have a lasting effect as banks tighten credit standards.
- The Federal Reserve is divided about the future interest rate path due to persistent inflation and a resilient job market.
- The recent market rise has been driven primarily by a small group of mega-cap stocks.
- The timing, severity, and duration of the highly anticipated recession are currently subjects of extensive discussion and speculation.
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Market Commentary - May 2023
- Shift in Federal Reserve interest rate tightening expectations.
- Slowing inflation
- Banking crisis and ensuing credit tightening
- Signs of a cooling economy: softening labor market and consumer spending.
- Earnings deterioration and strong gyrations in bond market.
- Rising odds of a recession may require a more defensive posture.
1st Quarter 2023 Newsletter
Webster’s Dictionary defines volatility as “a tendency to change quickly and unpredictably”. During the first quarter of 2023 there is no better word to describe what has happened. Read more here.
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2nd Quarter 2023
Catch up with our thoughts on the U.S. economy and financial markets. This in-depth analysis serves as a blueprint for our investments.
SVB's Demise: Navigating Turbulent Markets
In this brief presentation, we aim to provide clarity on the recent default of Silicon Valley Bank (SVB), the nation's 16th-largest bank, and its impact on savings and financial markets, which have raised significant concerns among many.
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Market Commentary - March 2023
Key Insights
• Disconnect between the equity and bond market appreciation of the Federal Reserve interest rate path.
• A resilient labor market and rising consumer spending may keep inflation elevated for longer.
• Earnings deterioration and more Fed tightening are not priced in the market for 2023.
• The late phase in the business cycle may require a more defensive posture.
Market Commentary - February 2023
February 2023 Key Insights:
- Disconnect Between The Market And Federal Reserve
- Odds Of A Recession Remain Elevated Due To Weakening Economic Data
- Earnings Deterioration Is Not Priced In The Market For 2023
2023 Economic Outlook
A Long-Range Economic Look at the Year 2023
Every year-end since our founding, our team conducts an in-depth analysis of the U.S. economy and financial markets to develop an Annual Economic Outlook. This forecast serves as a blueprint for our investments throughout the year.