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October 2, 2019
Stocks have been in a tug-of-war lately between bulls who believe everything is just fine, thank you, and bears who fear a recession must be imminent. One week it’s up, the next down and then back up again. The primary cause of this recent lack of direction is uncertainty as to the status of...
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July 8, 2019
The market rose effortlessly during the first four months of 2019, lifted by the twin propellers of the Federal Reserve’s interest rate pivot and the belief that China and Uncle Sam were close to a trade deal. However, it began encountering turbulence when Fed Chairman Powell hinted that a rate...
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May 15, 2019
Recent events are, once again, demonstrating the volatility inherent in equity investing. Few investors seem to mind, or even notice when volatility is on the upside, but when it comes to downside volatility that’s a horse (or bear) of a different color.
The latest cause de jour is the trade...
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April 2, 2019
The market’s outstanding performance in the first quarter of 2019 can almost single-handedly be attributed to a sea-change in investor perception about the direction and pace of the Federal Reserve’s monetary policy. Up until last year’s painful sell-off, the Fed was believed to be committed to “...
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February 20, 2019
One of the really great things about our business is the wide variety of individuals with whom we have the pleasure to partner. Our clients range in age from young Millennials with careers, dreams and aspirations far in front of them, to those from the Greatest Generation now enjoying the fruits...
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January 4, 2019
Just as everyone was settling in for a long winter’s nap, things started going haywire. Stocks, oil and interest rates all rolled over beginning in late September/early October and dove deep as the 4th quarter progressed. By the end of December, what was shaping up to be another good year for...