Bellevue Perspectives

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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Monday Minute

Last week was one for the history books as the Dow plunged more than 3500 points and interest rates as measured by the 10 year Treasury saw a low that hasn’t been seen in 100 years – 1.116% intraday on Friday.  The spread of the coronavirus has created the vast majority of the panic selling, ...

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Monday Minute

The markets sold off again to end last week on continued fear of the coronavirus impact and spread.  Amid the disturbing virus-spread headlines last week however, there were also data points highlighting the positive, lagged impact of lower interest rates (from central bank easings, to lower mtg rates, and low corporate bond yields) helping support/turn up economic ...

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Monday Minute

Federal Reserve Powell met with Congress last week in one of his two annual updates.  He was upbeat about the prospects of the U.S. economy and doesn’t currently see any reason the expansion should not continue beyond its 11th year. He also confirmed the central banks view that the current Fed Funds range of ...

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Monday Minute

After Monday’s rise last week in the PMI, the Supply Management (ISM) reported that the non-manufacturing index (NMI), which tracks the service sector of the economy, increased 0.6 percentage points in January to 55.5%, exceeding expectations for a 55.1% reading.  Also on Wednesday, the ADP National Employment Report was released. It indicated a 291,000 job ...

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Monday Minute

The markets sold off on Friday and again today as fears of the coronavirus spread through the markets.  More than 81 people are dead, and more than 2700 cases have been confirmed in mainland China.  China is taking steps to prevent the spread by implementing either a partial or full lockdown effecting nearly 60 million ...

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Monday Minute

After some jitters on Tuesday of last week around the China – U.S. trade deal actually getting signed, the two countries put pen to paper on Wednesday.  The deal included additional purchases of energy, goods and services by China, $76.7 billion I the first year and $123.3 billion in the second year.  The market cheered ...

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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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