Bellevue Perspectives

Monday Minute

Last week the S&P 500 ended lower on mixed earnings news despite additional confirmation that a July Fed rate cut will likely happen.  Stocks are mixed but up today as we enter a big earnings week. https://www.reuters.com/article/us-usa-stocks/wall-street-edges-higher-ahead-of-major-earnings-central-bank-meetings-idUSKCN1UH17O Tensions with Iran escalated over the weekend with the capture of what they believe to be CIA spies.  ...

read more

Monday Minute

Last week the U.S. broke the record for the longest expansion in history, 120 months.  The prior record spanned March 1991 to March 2001.  The current expansion started in June of 2009 and has also been one of the slowest expansions on record, growing cumulatively by 25%.  For comparison, the prior expansion starting in 1991 ...

read more

Monday Minute

June consumer confidence numbers fell to a 21 month low thanks to uncertainty around trade.  The Fed’s recently dovish tone also weighs on consumers, as the expectation for a continued economic slowdown builds.  As I mentioned last week, it is important for the Fed to not induce panic with their commentary supporting a potential rate ...

read more

Monday Minute

On Wednesday of last week, the Fed announced they will be maintaining the current Fed Funds level, but indicated risks to the expansion are building.  As we mentioned in a prior Monday Minute, a half percentage cut over the remainder of 2019 is becoming more and more likely.  The market reacted positively on Wednesday ...

read more

Monday Minute

Tariffs were finally out of the news last week, but Iran and US tensions took a turn for the worse as two oil tankers were attacked at the entrance to the Gulf.  Oil prices spiked, but the markets shook it off and traded higher on the day.  https://www.reuters.com/article/us-mideast-attacks/trump-blames-iran-for-tanker-attacks-fears-of-confrontation-rise-idUSKCN1TF0CA Stocks trade higher Monday as attention turns ...

read more

Monday Minute

Stocks did an about face mid last week on comments from Federal Reserve chairman, Jerome Powell, indicating the central bank would consider rate cuts to sustain the economic expansion.  We believe the market was already pricing in at least one cut, possibly two by year end to counteract the economic effects of the tariff war ...

read more

Monday Minute

According to Strategas, the S&P traded to its first closing high since 9/20/18 on Tuesday last week (145 trading days).  It has taken 80 trading days to recover the -20% drawdown in 4Q… certainly fast, but not unprecedented.  The -27% correction in 1982 only took 58 trading days of recovery before a new high was ...

read more

Monday Minute

After an exciting weekend watching Tiger’s return to glory and the start of the newest Game of Thrones season, we’re hitting the ground running with a slew of earnings reports this week that should move the market.   After the S&P 500 almost reached its record high on Friday with the help of strong earnings from ...

read more

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.

subscribe