Market Updates

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[...]

MORE

BAT and You

If you are a major league baseball fan, you know that spring training has begun and games are underway. If you are a Brewers fan, you are trying to understand what “rebuilding” means. As we approach President Trump's address to the joint session of Congress today, we know that spring training is[...]

MORE

Devil’s Advocate

Last week, our entire research and portfolio management team got together, as we do each quarter, to discuss our investment philosophy and process. We were focused on developing the behaviors of successful investment teams. One of the most important behaviors has to do with intellectual curiosity. B[...]

MORE

Road Trip

My wife’s difficulty with altitude sickness has turned our annual skiing sojourn to Colorado into a road trip, as we use time in the car to acclimate to the thinner air found in the mountains. For the economically minded, 32 hours on the road provides insight into over-the-road commerce, the value[...]

MORE

2017 First Quarter Market Webcast

The 2017 First Quarter Outlook is presented by Chief Investment Officer, Brian K. Andrew, CFA, and Senior Vice President and Portfolio Manager, Joseph F. Hickey, CFA. Brian begins the presentation by reviewing 2016, and why the year's returns make the case for a diversified portfolio. Afte[...]

MORE

Parenting 202

As my son transitions to the double digits, I find one of the parenting challenges getting more difficult to balance: The use of a hands-on approach to providing direction versus a hands-off approach of allowing him to try, fail and try again. I understand the benefits of both and know that they sho[...]

MORE

Transitions Are Hard

Last Friday’s inauguration of our country’s 45th president went smoothly—on the dais. Outside the mall in Washington D.C. and around the country, there were those who were exercising their First Amendment right to protest. The transition of political power will likely be more contentious, give[...]

MORE

Consumer Enthusiasm

As we settle into the rhythm of a new year, we can return to some of the details that will likely drive asset prices this year: economic and corporate fundamentals. As we move toward the inauguration this Friday, the new fiscal policy, including taxes, health care, regulation and spending, will domi[...]

MORE

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[...]

MORE

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[...]

MORE