Market Insights
Market Insights

Stock markets: Winter Cold or Serious Flu?

The Dow fell 666 points on Friday, February 2nd.  Today, Monday, as of market close, it has lost another 1,175 points. A spike in interest rates and concerns over inflation are the most likely culprits, although markets can correct for any number of reasons.  Pointing out the obvious triggers doesn’t add much to our understanding, and tends to confuse causality with correlation.  One positive, there are few sign of recession or hyper-inflation.....

Market Insights

Market Insight - October 2017

We believe we are at the beginning of a phenomenal decade for investors.  The pace of change is accelerating, as the global economic models and assumptions we have become accustomed to are turned on their heads, inside out, and in many cases just blown apart by what may be the greatest wave of innovation in our lifetimes.  The automobile industry, transportation, healthcare, the retail industry, the food industry, the hotel and travel industry; the banking industry, all are likely to be unrecognizable to us within a very short time.

Market Insights

Market Insight - July 2017

The second quarter of 2017 was bookended by a messy House vote on healthcare in April, and a fumbled deferral of the Senate’s healthcare vote in June.  Has the smooth path from healthcare reform, through tax reform, through infrastructure investment, to 3-4 percent GDP growth become rocky, uneven, and unreliable?  Despite legitimate concerns that stock gains based on that tax reform could dissipate, and an administration battered by infighting and plunging approval ratings, markets found more than adequate inspiration elsewhere.

Market Insights

Market Insights - October 2016

After several months of calm following the June Brexit surprise, volatility returned to the markets in early September, as investors began to focus on a contentious election, uncertain global central bank policies, and peaking bond prices. Leading indicators took a slight dip in August, raising some fear of a slowdown in economic activity, and manufacturing continued to struggle, with the ISM manufacturing Index moving below 50, usually a signal of contraction. Despite these headwinds, stock prices managed to rebound...

Market Insights

Market Insights - April 2016

Investors began 2016 with great expectations, only to be overcome by a miasma of despair, as shares collapsed into correction territory within the first few days of January. It was a mix of one part China, one part Fed fears, and one part free falling oil prices, with equal measures of a struggling Europe and Japan thrown in. Fast forward to February 12, Lincoln’s birthday. With no real change in fundamentals, investors looked up and realized the sky wasn’t falling.