Market Updates

And So It Begins

After the election in November, it seemed that stock and bond markets focused on the potential for a new fiscal policy plan and the economic growth it may bring. While a little of that enthusiasm for the new plan has waned, stocks remain near all-time highs. Bond yields, however, have given up almos[...]

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Now That It’s Opened

The holidays have passed and that one gift you couldn’t wait to open has lost a little bit of its luster. Sure, you are still excited about the prospect of using it over and over again, but the thrill that came from anticipation has waned. Stock investors produced a significant rally during the[...]

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4’3” A New Record!

My 9 year old son has recently become obsessed with how tall he is and how much he weighs.  He feels like he isn’t growing fast enough. When measured this weekend, he noted his height (4’3”) and said “a new record.” I couldn’t help but think about the headlines from the last week, annou[...]

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Rate Reset?

Bond investors are feeling a little shell-shocked after the rise in interest rates in November. Yields across all sectors of the bond market rose and bond prices declined. As an example, 10-year Treasury yields rose over 29% from 1.84% to 2.37% and the Bloomberg Barclays Aggregate Bond Index decline[...]

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Too Much Pie

I hope everyone enjoyed their Thanksgiving meal and family time. Hopefully you made it through the day spending more time arguing about whether the Cowboys will once again become “America’s team” than you did about the recent election outcome. Because I am a dessert fan, I love this holiday[...]

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After the Election

As individuals we can be political. As investors, we cannot be partial to political parties; rather it is important to understand how the changing political landscape will impact our investments. We need to think about how the recent elections may transform the landscape for public policy, and what [...]

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Duck Hunting and Politics

Last weekend I had the opportunity to pursue one of my passions, duck hunting. It looked like the perfect day -- overcast, low cloud cover, cool and potential for rain.  (Duck hunting is best when the weather’s not good for other activities.) Despite the perfect conditions, ducks were flying in t[...]

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Too Much Capacity

Over the weekend, I spent some time cleaning the garage. We use a storage site nearby and I was moving summer equipment to make room for winter equipment. While there, I noticed that the storage site is constructing 120 new units. I ran into the owner of the facility as I was unloading and asked him[...]

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2016 Fourth Quarter Market Review and Outlook

The 2016  Fourth Quarter Market Outlook is presented by Portfolio Managers, Joseph F. Hickey, CFA, and David G. Carroll, CFA. Joe begins the presentation by discussing slowing economic growth. He continues with by reviewing Central Bank Policies and the impact of the low interest rate. Dave[...]

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Much Ado

About something! Perhaps the most important economic news release last week was that the federal budget deficit rose to $587 billion (the federal government’s fiscal year ends on September 30th). The U.S. Treasury Department indicated that the 34% increase is the first since 2011. One of the prima[...]

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