Economic & Market Update

Executive Summary Stock concentration in the S&P 500 is leading us to make changes in how we allocate between passive and active management.  Supply chain delivery times are a good indicator of the path of inflation; businesses are taking notice and expressing lengthened expectations on normalization of their supply chain.  Job growth missed expectations again…

Executive Summary Despite all the turmoil markets ended 2020 substantially above the intra-year lows.  It is easy to conflate politics and market performance in our minds. The reality is far more mundane with positive market performance no matter the political leadership scenario. Fiscal and monetary stimulus does influence the markets, and we have that in…

Executive Summary Markets have rebounded significantly though there remains a great deal of uncertainty in the economic environment.  Recovery expectations are tempered as reopening policies are being paused and reversed by a number of state and local governments. The good, the bad, and the Fed as it pertains to current economic conditions.  Looking Back The…

Executive Summary Stock markets plummeted, the global economy came to a screeching halt, and the government gave out a LOT of money.  There has been a lot of activity in our portfolios as we have performed ongoing rebalancing and tax-loss harvesting.  There are financial strategies, such as a Roth Conversion, for if this shutdown lasts…

Executive Summary Stock indexes posted incredible gains this year, shaking off persistent fears of a global slowdown and trade wars.  Domestic growth prospects are favorable for the time being, but there may be structural problems coming in the form of declining global populations.  Congress passed the SECURE Act and it brings with it changes that…

This report features world capital market performance and a timeline of events for the past quarter. It begins with a global overview, then features the returns of stock and bond asset classes in the US and international markets. The report also illustrates the impact of globally diversified portfolios and features a quarterly topic.

EXECUTIVE SUMMARY Market performance has been strong, but volatility has made it hard to rest easy. Trade policy uncertainty is taking a toll on global and domestic growth while we wait and see what decisions are finally made. The Federal Reserve is taking an accommodative monetary policy stance to stimulate the economy; keeping wages and…