Posts Categorized: MARKET THOUGHTS

The Tax Trade | November 17, 2017

The week was little changed when you look at the open on Monday and the close on Friday. There is more to it when you look at how tax reform moved the markets. The lack of movement is a bit deceiving, however, as markets ebbed and flowed on news related…
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Not So Smart Money | November 10, 2017

Markets have surged over the past year on the back of strong earnings, subdued inflation, and the hope of fiscal and financial reform. Earnings As markets continue to set new all-time highs each week, investor support has yet to wane. In the last several weeks, third quarter earnings have been…
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Around We Go! | November 4, 2017

There was meaningful activity from every corner of the globe last week. It all translated into markets gains for the week, but not without concerns… US In the US we saw modest growth as the GOP released the proposed tax reform that they intend to pass before Thanksgiving. More impactful…
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Glitch in Central Banking | October 27, 2017

Last week was a big week for the European Central Bank (ECB). They had a chance to out-do the Federal Reserve Bank (FRB), did it happen? The ECB was widely expected to announce the tapering of their bond buying program last week. They currently are purchasing sovereign EU debt at…
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All-Time Highs! | October 20, 2017

Markets tapped all-time highs last week. What pushed it: Corporate earnings, NAFTA negotiations, or Senate action on tax reform? Corporate earnings have been favorable, which extended the market gains early in the week. 80% of S&P 500 companies reporting (17%) have exceeded earnings expectations; this is a very optimistic start…
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Buying Sales? | October 13, 2017

Last week economic statistics were strong, but markets were fairly flat. Retail sales grew substantially, but did markets believe the data? August retails sales were negative 0.2%, mostly a result of the hurricanes reducing demand. September showed a much different reading as last week’s release revealed a robust increase of…
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The Hurricane Effect | October 8, 2017

Markets advanced last week as volatility was muted while geo-political concerns and a negative jobs creation report did not stand a chance… Here is why. The Bad Geo-political tensions seemed to enhance this past week (not just relations between the US and North Korea, but also relations in the E.U.)…
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Balancing Act | September 22, 2017

The Federal Open Market Committee (FOMC) met last week and announced a path to lighten their balance sheet.   Why is this important and what are the risks? Why unload the balance sheet? The FRB has approximately $4.5T on their balance sheet. By buying US treasuries, they infuse cash into the…
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Bulls Prevail! | September 15, 2017

Volatility fell last week as an appetite for risk returned to the markets. Some of the things that brought risk appetites back were a lack of activity on North Korea’s founding day, Job openings, CPI data, and Consumer sentiment. North Korea On Friday the 8th, there was much expectation that…
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Mounting Storm? | September 8, 2017

Last week several stressors caused volatility to increase. Will it be short lived or are the concerns sustainable? Natural Disasters Economic indicators have started to skew as a result of Hurricane Harvey and soon we will begin to see the impacts of Irma. This is the least of the concerns…
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