Bellevue Perspectives

Monday Minute

The People’s Republic of China celebrated its 70th anniversary last week, just as the protests in Hong Kong escalate.  This summer, China’s economic growth slowed to an almost 30 year low thanks to the trade war, swine flu epidemic, and unrest in Hong Kong. Tuesday of last week the Institute of Supply Management (ISM) reported ...

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Monday Minute

Markets sold off slightly last week, but the S&P500 still remains just below its all-time high and slightly above its 50 day moving average.  Added to the list of possible market disruptions was news of an impeachment inquiry and the possibility of the delisting of Chinese companies from the U.S. stock exchanges.  Certainly a tool ...

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Monday Minute

The Federal Reserve announced Wednesday it will lower the federal funds rate by 25 basis points to a range of 1.75%-2.00%. It is the second quarter-point interest rate cut of 2019.  A 25-basis point cut was what the market expected into the event; however, the actual votes from the 10 FOMC voting members were pretty ...

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Monday Minute

With trade being a major driver in consumer/corporate sentiment and equity prices, the situation brightened a bit last week with a few steps by both the U.S. and China.  Trump has postponed imposing the October 1st tariffs for two weeks and has accepted the idea of restarting trade discussions. China has also kept their currency ...

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Monday Minute

Mid last week the markets rallied on easing tensions in Hong Kong with the withdrawal of the extradition bill, temporary relief in the Brexit negotiations by legislation preventing a no-deal exit from the EU, and positive economic data out of China.  We mentioned these as catalysts for further market appreciation in the last Monday Minute.  ...

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Monday Minute

Friday was a very busy day in the tit-for-tat trade dispute with China.  The Chinese government said it would put tariffs of 5% and 10% on $75 billion in U.S. goods, starting on Sept. 1 and Dec. 15 to coincide with the next two rounds of U.S. tariffs. Less than two hours later, Federal Reserve Chairman Jerome Powell ...

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Monday Minute

The 2 and 10 year Treasury curve inverted last Wednesday, which is the latest addition to the growing list of investor anxieties (Hong Kong, Trade, Brexit, Europe slowdown, etc).  S&P 500 performance has historically been positive 12 months post inversion, but we wonder if this time is different given the proliferation of machine and algo ...

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Monday Minute

Stocks shook off the Monday meltdown last week to trade higher by week end.  As interest rates move lower and bond prices move higher, high quality stocks become relatively inexpensive and money flowed back to stocks.  The 10 year Treasury is down again today and currently yields 1.659%.  Monday morning the selloff resumes as protests ...

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Monday Minute

The Federal Reserve cut interest rates last week by .25% as most analysts predicted.  Given the cut was priced into the market and Chairman Powell’s hawkish comments, the market sold off in response.  Many saw it as an “insurance cut” rather than the start of an easing cycle.  Powell also indicated it most likely isn’t ...

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Monday Minute

On Monday last week, the White House and Congressional leaders reached a tentative agreement to raise US government spending caps and suspend the debt ceiling for two years. With the signing of the deal on Friday, a fiscal crisis will be averted this year. On the spending front, Last week’s deal averts the risk of ...

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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.

about the authors

Lars Knudsen  

is a Managing Director, Partner at HighTower Bellevue.

Lars founded Triad Wealth Stewardship, now known as HighTower Bellevue, to deliver a personalized, custom approach to financial planning and family wealth stewardship to clients.  He leads the team with over 30 years of experience.   

Dan Stober  

is a Managing Director, Partner at HighTower Bellevue.

Dan brings over two decades of knowledge in equity markets, manager research and selection, as well as portfolio construction to the team.  He values the multi-leveled relationships he shares with clients and partners to help them achieve their financial goals.  

Randy Williams-Gurian, CMFC®, CRPC®  

is the Wealth Manager at HighTower Bellevue.

Randy helps drive client success based on four critical elements: estate planning, tax planning, risk management and insurance.  His belief that clients want more from a financial advisor drives him to consult in 401(k) and personal financial plans, creating an integrated & comprehensive approach.

Michael Policar
Michael Policar   is a Wealth Manager at HighTower Bellevue. Michael brings a passion for the financial markets and over 6 years of wealth management experience to the team. For Michael, the combination of a value investing philosophy and continuous studies of behavioral psychology, financial advice was not a career choice, it was a calling.

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