Market Updates

Under the Magnifying Glass

Last week I was in New York visiting several of the money management firms we employ on our clients’ behalf. During the return trip home, I had occasion to read a number of Sir Arthur Conan Doyle’s stories about a favorite character, Sherlock Holmes. In one of the stories Holmes notes that “Th[...]

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October is a Scary Month

The current environment for stock investors can be trying. Global cross currents regarding economic growth, employment, government policy, and corporate earnings have created the first test of investors’ mettle in almost two years. We have an opportunity to use current market events to review our [...]

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2014 Fourth Quarter Market Webcast

What’s going on?  During the last five trading days the U.S. stock market has risen and fallen almost 300 Dow points (that’s the Dow Jones Industrial Average) four times. At the same time the yield on the 10-year Treasury has fallen to 2.3%, oil trades near $85 a barrel and the U.S. dollar [...]

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Third Quarter 2014 Financial Insights

What’s going on?  During the last five trading days the U.S. stock market has risen and fallen almost 300 Dow points (that’s the Dow Jones Industrial Average) four times.  At the same time the yield on the 10-year Treasury has fallen to 2.3%, oil trades near $85 a barrel and the U.S. dollar[...]

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Finally, a Five Handle!

Last Friday's jobs report was significant in that for the first time since July of 2008 the unemployment rate dipped below 6%. The September report indicated that the unemployment rate fell from 6.1% to 5.9%. While we have seen improvement in labor markets for some time now, the Fed still seems to w[...]

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There is No Team in King

Bill Gross has been the undisputed king of bond managers for a very long time. After 43 years at PIMCO, a firm he founded, he has moved to Janus Capital effective today. There are a number of issues that led to his departure and they provide insight into why our investment manager due diligence proc[...]

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Open Sesame

The story of Ali Baba and the forty thieves may not be as popular as it once was, but it may provide some insight into the stock market’s strength and serve as a reminder to maintain a healthy sense of respect for one’s own asset allocation strategy. It also reminds us that there is no easy path[...]

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Pass the Buck

A lot has transpired in the currency markets over the last several weeks as developed countries race to see who can have the lowest interest rate on their sovereign debt (Japan seems to be in the lead). Also affecting the value of currencies is economic data from Europe, Asia and the U.S., which is [...]

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As Easy as Climbing a Tree

There are a lot of studies that suggest it is important for us to continue to learn new things. The brain needs exercise and creates new connections when we do. They say the brain is like any muscle, use it or lose it. I think it might also be important to try old things. When was the last time you [...]

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From the Alps to the Tetons

Central bankers seem to be the focus once again. If the global economy were strong enough to stand on its own, we wouldn’t spend every waking moment worrying about what Fed Reserve Chair Janet Yellen and her European Central Bank counterpart Mario Draghi are going to do next. The fact that these b[...]

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