Market Updates

More of the Same is Not so Bad

As we plan our holiday weekend we were discussing our attendance at the Stone Bank July 4th parade.  My wife and son are excited about this family tradition while I was hoping for something new.  Stone Bank is a small unincorporated town 30 miles west of Milwaukee and the parade is everything a sm[...]

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Stairway to Heaven

Last week, Jimmy Page, the lead guitarist for the iconic band, Led Zeppelin, was in the news regarding a copyright infringement case concerning the opening riff for the song Stairway to Heaven. We don’t know how the case will turn out, but it gave me the opportunity to revisit the lyrics from this[...]

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2016 Second Quarter Market Review and Outlook

Our Second Quarter 2016 Market Outlook is presented by Joseph F. Hickey, CFA, Portfolio Manager. Joe begins the presentation by discussing returns across asset classes and how worldwide policies and events are affecting these returns. He continues with the current surplus of how crude oil wi[...]

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Negative Interest Rates: Powerful Out-of-the-Box Thinking or Insanity?

by Wendy W. Stojadinovic, CFA Director of Fixed Income Strategy Yes, it’s true: there actually are investors who are buying bonds that have negative yields. For example, investors are buying German two-year government bonds with a 0% coupon for a price of $101 knowing they will only get $100 [...]

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Crude Oil Prices Are Up Since Mid February: What’s Happening?

by Joseph F. Hickey, CFA Director of Equity Strategy  Spot oil prices were $48 in early November and then went into a free fall. After declining 45%, prices bottomed $26.21 on February 11th, 2016. The media ran numerous stories quoting pundits predicting prices falling into the mid teens. S[...]

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What Are The Experts Saying? Putting Professional Investors’ Comments Into Context

by Wendy W. Stojadinovic, CFA Director of Fixed Income Strategy Knowing what’s driving the market and understanding what to do about it are two very different things. There are plenty of headlines telling us the recent market correction was driven by slower global growth, particularly in C[...]

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New Manager Analysis: Beyond the Initial Meeting

There are approximately 8,000 mutual fund strategies, 7,000 separate account strategies and nearly 2,000 ETFs. Unfortunately, a good portion of these strategies have and will continue to produce disappointing returns for investors.  With many products and few good, long-term options, it’s importa[...]

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Crude Oil: Lower for Longer?

by Joseph F. Hickey, CFA Director of Equity Strategy  This week major oil companies such as Exxon, Conoco Phillips, Chevron and BP announced losses, cut dividends, slashed capital expenditures and eliminated share repurchases. A substantial number of energy companies are in discussions to rest[...]

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2016 Market Outlook

Our 2016 Market Outlook is presented by Joe Hickey, CFA, Director of Equity Strategy and Portfolio Manager. Joe begins our presentation by reminding us why a diversified portfolio is so important by reviewing several different asset classes and how and why they performed as they did in 2015.  H[...]

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What Does A Dovish Hike Mean?

by Wendy W. Stojadinovic, CFA Director of Fixed Income Strategy Last week, the Federal Open Market Committee (Fed) raised their target interest rate for the first time since June, 2006.  Rather than raise the rate to a specific level as they have in the past, they are now using a target range [...]

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