The Bear Is Alive (Unfortunately)

By Investments

TGIF takes on a new meaning as we close another lousy week in global markets in a bad month and bad year.   There are precious few assets that have not lost money, and about the only asset class with positive returns for the year, energy, had a terrible week.  We will take the opportunity over the next week to continue…

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Back to Turmoil?

By Investments

Historically, a 60/40 portfolio of stocks (60%) and bonds (40%) has, to many, been a standard bearer of asset allocation.  So, it is striking to see headlines quoting a report from Bank of America Global Research showing this broad allocation is on track for its worst year since 1936, having lost 19.4% year-to-date.  Of course, it is not pleasant to…

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Crisis at Hand—How Does the Ukrainian Invasion Affect Us?

By Investments

  Before the Russian invasion in Ukraine dominated the headlines, we were worried about the following: Inflation increasing Growth slowing down Federal Reserve action on interest rates While Russian action may exacerbate inflation and result in some short-term drag on growth, the effect on our economy is likely to be somewhat limited. Of course, any escalation into greater Europe is…

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Not a Happy New Year for Markets (so far)

By Investments

A correction results when stocks decline by 10% (in Wall Street jargon), and the market has reached those levels. The most widely held index, the S&P 500, was down 12% YTD earlier today. Many asset classes have dropped by at least 10%, with the Russell 2000 down 20% YTD. The big question we all face is whether we are heading…

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One Hot Mess

By Investments, Tax, Thought Pieces

“One hot mess” seems to be a prevailing theme as we collectively face multiple challenges.  In response to recent economic events, we recently made some relatively modest allocation changes by decreasing stock exposure.  The main positive is that we continue to experience economic growth in a low-interest-rate environment. Moreover, the probability that Congress will pass additional fiscal stimulus with the…

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A Word on Inflation and Taxes

By Investments, Tax

After a long advance, stock markets are now experiencing a pullback from record levels.  There appears to be increasing angst about inflation and coming tax increases creating fear among some that the market is due for a much more substantial sell off.  We do not think a severe correction is on the immediate horizon, but a further pullback in the…

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April Market Update – What’s Next?

By Investments

Market Outlook Update As we look ahead into the second year of the pandemic, there is optimism that the worst may be behind us. This leads us to ask, what next?  Some of the themes are continuing as expected, which bodes well for continued stock market strength across the globe.  An expected increase in Emerging Market stocks cooled off in…

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Happy New Year

By Investments

We are sending you a very brief summary of the recently passed Coronavirus Stimulus 2.0 along with a link to a well-done article in Business Week about how COVID-19 may be changing our lives going forward. Six months after the expiration of the CARES Act, the Senate finally engaged in a serious process to extend badly needed benefits with a…

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Tax Talk

By Tax

In the presence of chaos and uncertainty, it is important to set strong filters to separate the noise from actionable items.  One area where taking action can possibly make a difference is taxes. We will likely have a split government but even if both Democratic senate candidates win their run-off election in January, it will be extremely unlikely to see…

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Election Week Update

By Investments

Although the race has not been called, it certainly looks like Vice-President Biden will be called the winner by this evening or tomorrow morning.  These results will not be official and legal wrangling may continue over the next week.  The election result will not change.  The Senate is highly likely to stay in Republican hands.  The most probable outcome is…

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