Market Updates

Lessons From A Crash

Thirty years ago this Thursday, I was a budding analyst working with two very good stock portfolio managers. I had been on the job three months. On Monday, Oct. 19, 1987, the stock market “crashed.” The S&P 500 Index fell 21% that day after falling 10% the week before. My much more experienc[...]

MORE

2017 Fourth Quarter Market Webcast

The 2017 Fourth Quarter Outlook is presented by Chief Investment Officer, Brian K. Andrew, CFA, Senior Portfolio Manager, Joseph F. Hickey, CFA, and Senior Portfolio Manager, Dave A. Isaacson. To begin, Brian discusses  the recovery and growth of global economies over the past two year[...]

MORE

To Cut Or Not To Cut

Last week Wednesday, the “Tax Reform” (subtitled: Unified Framework for Fixing Our Broken Tax Code) plan put forth by Republicans in the House was released and critiqued by politicians from both parties. While there are many unanswered questions about the final details, there are a number of ite[...]

MORE

No Promises

Yesterday the Federal Reserve's Open Market Committee (FOMC) concluded their two-day meeting with no change to the Fed Funds interest rate and an anticipated announcement regarding their balance sheet. FOMC Chairman Janet Yellen noted, “We've not made any promises on the path of rates.” With tha[...]

MORE

Power Of Love

A colleague recently shared a bumper sticker with me that said, “There will be peace when the power of love overcomes the love of power.” With the recent Hurricane Harvey tragedy affecting the Gulf Coast and the threat of Hurricane Irma pending, we have seen many examples of how our citizens uni[...]

MORE

The Shallow Cycle

Economic growth in the U.S. and Europe has accelerated since the beginning of the year. Here at home, growth has accelerated from below to above 2%, while in Europe growth has gone from below to above 1%. Late in this business cycle, the difference between good and slow growth remains small. Let’s[...]

MORE

Meh

Unless you have a child in your life under the age of 12, you may not have seen The Emoji Movie that came out a few weeks ago. I have seen the film, and the plot line is thin. The main character is an emoji whose parents are “meh” emojis, which means they don't feel good or bad about anything, j[...]

MORE

More Than A Tweet

In a world where a tweet, i.e., 140 characters, can get people nervous, angry, concerned or excited, we may be losing our desire and ability to understand things at a more detailed level. The media hype surrounding the current stock market environment is much like that today. Headlines focus only on[...]

MORE

Canoeing and Diversification

Last week I had the opportunity to spend some time canoeing and was reminded of the importance of working with a partner to navigate a waterway and the challenges it may bring. A successful trip requires coordination and communication between the stern paddler and the bow paddler (who is hopefully a[...]

MORE

2017 Third Quarter Market Webcast

The 2017 Third Quarter Outlook is presented by Chief Investment Officer, Brian K. Andrew, CFA, Senior Portfolio Manager, David G. Carroll, CFA, and Fixed Income Portfolio Manager, Scott A. Holan, CMFC, CAIA. To begin, Brian reviews how current levels of business and consumer optimism co[...]

MORE