Bellevue Perspectives


Monday Minute

Pipe
  • We hope everyone had and are having a wonderful Holiday Season!  The markets seem to be taking a bit of a holiday as well with volume light as traders take a break.  We are experiencing a bit of profit taking today, but the S&P 500 looks to end the year tomorrow up nearly 31% on the year, the best since 1997’s return of 31.01%.  (mactrotrends.net) We expect a little profit taking once the calendar turns over and capital gains taxes are pushed out until April 2021, but market conditions still look good going into 2020.  Housing strength confirms elevated consumer strength and confidence, the Fed is currently on hold, inflation and rates are at historical lows, an expected trade deal with China and the reworking of NAFTA should improve clarity for corporate spending, and equity valuations compared to bond valuations still look attractive.  We look forward to the opportunities and challenges the markets bring in 2020 and wish everybody a Happy New Year!

HighTower Bellevue is registered with HighTower Securities, LLC, member FINRA and SIPC, and with HighTower Advisors, LLC, a registered investment advisor with the SEC. Securities are offered through HighTower Securities, LLC; advisory services are offered through HighTower Advisors, LLC.

This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.

All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and HighTower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.

This document was created for informational purposes only; the opinions expressed are solely those of the team and do not represent those of HighTower Advisors, LLC, or any of its affiliates.