THE QUARTER IN BRIEF Wall Street saw many ups and downs in the last three months of 2018. The fourth quarter concluded with bulls and bears vying for control of the market and with the S&P 500 suffering a 13.97%, three-month loss. The Federal Reserve sent conflicting signals about its implementation of monetary policy normalization, ...
With interest rates as a big driver in market action, Fed Chair Powell’s comments last week were cheered by the market as he appeared to signal an end to their interest-rate hikes. Their search for a “neutral rate” has been well documented and the Fed now feels we are “just below” that level. This temporarily ...
The markets sold off this morning on the back of a large drop in homebuilder sentiment and a sharp sell-off in the technology sector, including Apple, Nvidia, Paypal, and Square among others. Within the Dow, Boeing also got hit in part due to Vice President Pence’s comments over the weekend around the US’s stance on ...
2018: A Third Quarter Review A quick summary of economies & markets for you. Dear Clients, The third quarter of 2018 shall be remembered as a great one for stocks. The Dow Industrials, Nasdaq Composite, and S&P 500 all rose more than 7% in three months as bullish investors maintained their confidence in the ...
The markets had quite the wild ride last week. As we stated Monday, the sell-off was due to a rise in interest rates, trade fears, and was part of a normal market. That was before Wednesday and Thursday. Other than talk of Trump meeting with China, nothing really changed on Friday but the markets stopped ...
Facebook COO Sherly Sandberg and Twitter CEO Jack Dorsey met with the Senate Intelligence Committee last week regarding election interference and propaganda which shook the tech sector. The NASDAQ has led all major indices year to date and investors should be careful of over-concentration. Remember that the top 4 holdings of the S&P 500 index ...
The US auto industry is benefiting nicely from the robust US economy. Consumer confidence in July as measured by the conference board is at or near a record high. Second quarter GPD hit 4.1%, the highest level in nearly 3 years, and the June ISM purchasing manager survey continues to indicate expansion coming in at ...
Trump has controversial summit with Putin. https://www.reuters.com/article/us-usa-russia-summit/trump-and-putin-to-hold-first-summit-talks-as-twitchy-west-looks-on-idUSKBN1K601D Crude oil falls on easing supply concerns, despite being in the prime summer driving season. https://www.reuters.com/article/us-global-oil/brent-oil-falls-four-percent-to-three-month-low-as-supply-outage-concerns-ease-idUSKBN1K601B Macron and France celebrate as their national team wins their second World Cup. The attached link is a great video recap for you soccer fans. https://www.foxsports.com/soccer/video/1277982275688
Trump announces an additional $200b of tariffs against China last week. Equity markets respond unfavorably. https://www.reuters.com/article/us-usa-trade-china-trump/trump-threatens-to-hit-china-with-new-tariffs-on-200-billion-in-goods-idUSKBN1JE2ZQ The Federal Reserve’s bank assessment comes back positive, showing sufficient strength and capital to survive the next economic downturn. https://www.nytimes.com/2018/06/21/business/fed-stress-tests-banks.html
President Trump and Kim Jong Un conclude their initial summit, with what looks like a positive outcome for global peace. Denuclearization and the end of U.S./South Korea military exercises are on the table. https://www.reuters.com/article/us-northkorea-usa/trump-offers-to-end-korea-war-games-after-historic-kim-summit-idUSKBN1J821H The Federal Reserve hikes its benchmark rate by .25% and indicates another two more hikes in 2018, bringing the total to ...
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about the authors
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.
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 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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