Bellevue Perspectives

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

April’s ADP private employment report came in last week as bad as expected, declining 20.236m vs. 20.550m consensus.  March’s figure was revised down to -149k from -27k, underscoring that the employment backdrop had weakened earlier than previously assumed.  This is the weakest print in the series history, by a long shot (previous low was –835k ...

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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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Monday Minute

The markets continued to bounce last week on positive trends in Covid-19 news and additional government stimulus.  The Federal Reserve on Thursday announced new moves aimed at getting another $2.3 trillion of financing into businesses and revenue-pinched governments.  Among the Fed’s measures were details regarding its Main Street business lending program and several other initiatives ...

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Monday Minute

The market got a boost Thursday of last week thanks to a spike in oil on hopes of a production cut by Saudi Arabia and Russia.  President Trump announced the news and Saudi state media confirmed it was calling an emergency meeting of oil producers.  WTI jumped roughly 24% on the news to $24.75/barrel.  If ...

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Monday Minute

On Thursday, before the opening bell, the Department of Labor reported that initial jobless claims for the week ending March 21 were an incredible 3.283 million, an increase of 3.001 million from the previous week’s revised level of 282,000 (revised up from 281,000) and more than doubled expectations for 1.5 million claims.  This is the ...

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Monday Minute

The White House last week announced they will be seeking up to $1 Trillion in stimulus to backstop the economy as commerce continues to shut down.  President Trump mentioned the airline industry specifically, as well as getting cash to strapped consumers.  The news temporarily provided a boost to the markets on Tuesday. Congress struggles over ...

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Monday Minute

With growing risks to economic activity, the Federal Reserve dropped the Fed Funds rate by .50% last Tuesday, prior to the scheduled mid March meeting.  The move brings the target range to 1.00% to 1.25%.   Powell stated that “the fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity.”  ...

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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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