Market Updates

Returning To Normal

According to Google, “normal” can either be defined as a city in the state of Illinois or a word that describes a condition as typical, average or usual. Today's political environment seems a little less usual. The Trump administration seems to be having a hard time staying on point with regard [...]

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Going to Prom

It's prom season. When I went to prom, it included a nervous invitation, dinner “in the city,” and then the dance along with a remonstration to be home by midnight (I am sure I am dating myself). Now, the internet is full of stories about the crazy things that people have done to ask a date to p[...]

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Beginning or End?

We are more than half way through corporate earnings season. Companies report their earnings on a quarterly basis and have been announcing good first quarter earnings growth and expressing optimism about their future expectations. The question is whether the growth rate will continue to accelerate o[...]

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Raison d’etre

Yesterday's French primary election left global investors feeling better about the future. The two lead vote getters, Marine Le Pen and Emmanuel Macron, will run-off against one another on May 7. Because they represented the “expected” outcome, markets are unwinding their reduction in risk. As a[...]

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2017 Second Quarter Market Webcast

The 2017 Second Quarter Outlook is presented by Senior Portfolio Manager, David G. Carroll, CFA, Chief Investment Officer, Brian K. Andrew, CFA, and Portfolio Manager and Director of Equity Strategy Group, Jason D. Herried, CFA. Dave begins the presentation by reviewing first quarter a[...]

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Strategic Patience

Last week, Vice President Mike Pence used the phrase “strategic patience” to describe the U.S.'s former foreign policy toward North Korea. These words may also reflect the way investors need to think about geopolitical events and their investments. Geopolitics While global politics are alw[...]

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April Showers

If you live in my hometown, Milwaukee, you know that the last two weeks have been difficult because of the weather. While winter was mild, spring has been typical, which means no sun, a lot of rain and temperatures in the 40s. The forecast for the next three days is more of the same. We get through [...]

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Stocks and the Freedom Caucus

With the removal of the health care bill from the House floor on Friday, Speaker Paul Ryan acknowledged that the system of governing has gotten more complex. In his press conference, he noted that Republicans have been an “opposition party” and now they have to learn how to “govern.” Sunday,[...]

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Everything’s Up

On Wednesday, the Federal Reserve agreed to lift the Federal Funds rate by .25%, bringing the new range to .75 -1.00%. This is the third such hike in the last 15 months. After the announcement— which was well anticipated by markets—stocks, bonds and gold all rallied. How can markets that are sup[...]

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Stock Prices as a Leading Indicator

I have an opportunity to co-teach a course in portfolio management with a local finance professor. As a result, I am required to return to my finance roots and think about markets from an academic perspective. Last weekend, our class discussed how to determine the value of a stock. While there are m[...]

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