Bellevue Perspectives

Monday Minute

Midweek last week, the markets sold off nearly 3% on Wednesday primarily due to a spike in Covid-19 cases, but also partially to polling data on the upcoming Presidential election which shows Biden with a strengthening lead.  On Thursday we saw stabilization thanks in part to news that the U.S. banking regulators unveiled a ...

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Monday Minute

There was a huge reversal in the markets last Monday after we put together the Monday Minute.  The market rallied nearly 800 points on the news that the Federal Reserve will not only buy Treasuries, MBS, and high yield ETFs, but individual corporate bonds.  This news gave investors added confidence in the over-valued market we ...

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Monday Minute

On Wednesday last week, the Federal Open Market Committee met and pledged years of support and low rates to boost the economy.  In addition to the rates move, the Fed said it would keep buying bonds, targeting $80 billion a month in Treasuries and $40 billion in mortgage-backed securities.  In the release they also projected ...

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Monday Minute

The ADP jobs report issued Wednesday last week indicated that far fewer Americans lost their jobs in May than expected.  With better economic news from China combined for a strong day mid-week, with the SP500 up 1.4%.   2.76 million private-sector jobs were lost in May, a figure vastly lower than the 8.75 million expected.  https://finance.yahoo.com/news/adp-national-employment-report-private-121500265.html   ...

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Monday Minute

The European Union’s executive arm proposed a new fiscal stimulus package of as much as 750 billion euros ($823 billion) in an unprecedented push to overcome the deepest recession in living memory.  Wednesday’s announcement last week lifts the Eurozone fiscal stimulus to 27.6% of GDP (from 21.4% two weeks ago).  And with monetary stimulus at ...

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Monday Minute

Last week finished positive Thursday and Friday but ended down more than 2% for the week after China tensions flared when the Commerce Department took measures to block shipments of semiconductors to Huawei.  The House also passed a $3T stimulus bill that didn’t have much impact due to the likelihood it would get held up ...

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Monday Minute

The Bureau of Economic Analysis reported Wednesday morning, before the opening bell, in its “advanced” reading that real Gross Domestic Product contracted at a seasonally adjusted annual rate of 4.8% in the first quarter of 2020. That’s a tighter squeeze than the expected 4.0% contraction. It also follows a 2.1% expansion in the final quarter of 2019.  It ...

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Monday Minute

On Monday night of last week, the Senate passed an additional $483 billion stimulus package to aid small businesses and healthcare, which passed the House in Thursday’s vote. Additional show by the Government’s commitment to the economic recovery process.  The markets rallied mid week, aided by a stabilization in the oil markets.  https://www.foxbusiness.com/markets/us-stocks-april-22-2020 On Thursday, before ...

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Monday Minute

Last week ended on a positive note as President Trump outlined a process to reopen the U.S. economy, hopefully putting the 20+ million unemployed back to work.  We also got promising news on a therapeutic drug currently in trials – Remdesivir, which WHO flagged as the most promising for battling COVID-19.    https://www.reuters.com/article/us-health-coronavirus-usa/some-u-s-states-inch-toward-easing-coronavirus-curbs-after-trump-unveils-guidelines-idUSKBN21Z2HN To add to the ...

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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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