Bellevue Perspectives

Monday Minute

In case you missed it last week, The U.S. Energy Information Administration announced that the U.S. exported 89,000 more barrels per day of crude oil and refined petroleum products than it imported in September. It was the first full month of a positive oil trade balance for the U.S. since the 1940s. In other words, ...

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Monday Minute

Equity markets are once again trading at their all-time highs despite waffling trade negotiations, impeachment proceedings, and a global slow-down.  This weekend comments were made by a top U.S. official and Chinese state-backed tabloid that the two countries were close to an initial pact prior to year-end.  China continues to press for tariff rollbacks, which ...

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Monday Minute

Stocks pushed through new highs last week as earnings continued to beat estimates. The U.S. – China trade talks see-sawed as usual, but markets stayed focused on global growth and economic fundamentals instead of headlines and rhetoric.  The Dow Jones Industrial Average finished 1.2% higher on the week and closed at a new record 27,681.24. The S&P ...

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Monday Minute

Today the S&P 500 broke through resistance dating back to early summer to trade at new all-time highs.  With a combination of a potential trade deal with China, risks of a hard Brexit fading, a potential and expected rate cut by the Federal Reserve this week, and generally positive Q3 earnings, investors are feeling a ...

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Monday Minute

Third quarter earnings season started last week and given that earnings ultimately drive stock prices, things are looking positive for the equity markets.  Going into the quarter, analysts were expecting a 4.6% year over year decline.  It’s still early, but numbers are coming in better than the lowered expectations.  The banks reported early and ...

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Monday Minute

A weaker than expected U.S. Producer Price report last week supports another Fed rate cut in October.  Recently bad news is good news on Wall Street given it increases the odds of Fed easing.  Last week however, stocks sold off because bad news is actually bad news.  Surprise!  At some point the market hopes we’ll ...

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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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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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