Market Updates

Clipping Coupons

When I was in college, I had an internship with a large national bank in their corporate trust department. This area was responsible for processing bond issues. In short, when a corporation wanted to raise capital by issuing debt, someone had to keep track of who owned that debt and should get paid [...]

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Happiest Of New Years

As we begin 2018, market sentiment for stocks is reaching all-time highs while bonds are reaching record lows. This may seem like a continuation of last year's enthusiasm for stocks and pessimism for bonds; however, a year-over-year comparison offers some insight into how markets may trade this year[...]

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Who Are They?

Republicans in Congress, and the president, have been describing the benefits of the tax bill in terms of an “average family of four” and then quoting the benefit that family will receive in reduced taxes in 2018. While it may be necessary in our short attention span, 24/7 news cycle to come up [...]

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Taking Risk Management To A Higher Level

by Jason Herried, CFA Senior Vice President, Portfolio Manager One of the most important decisions in portfolio risk management is asset allocation, specifically the percentage of the portfolio allocated to equities since their prices are more volatile. Over the past year, we have endeavored to [...]

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How Much For That Motorcylce?

One of my passions is motorcycling. I share this passion with my son, to my wife's dismay. As he approaches his birthday, next month, he has become interested in getting a motorcycle of his own. We have been online regularly reviewing bikes and their features and prices. I found an electric motorcyc[...]

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Black Gold

Geo-politics and oil prices go hand in hand. Last week's announcement by the Saudi Arabian king and crown prince that they were tackling corruption among royal family members led to a rally in oil prices. Still, oil prices have been moving higher for some time, likely meaning that other factors are [...]

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Jobs, Jobs, Jobs

Economic and job growth go hand in hand. When the economy improves, more jobs are available. As the labor market tightens, reflected in a declining unemployment rate, we should see an acceleration in wage growth. However, one of many conundrums the current economic environment has posed is why, with[...]

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Wow — $666 Billion

When discussing budgets, how often does a conversation at work or home focus only on revenues? Any discussion about financial planning, whether personal or professional, usually incorporates the opportunity to raise revenue and cut expenses in order to meet a plan or improve on last year's results. [...]

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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[...]

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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[...]

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