Bellevue Perspectives

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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Monday Minute

With little damage done to U.S. assets from the Iran missile strikes, the U.S. responds only with additional sanctions and warnings.  Both sides thankfully showed restraint. The markets rallied on the news last week as the status quo resumes but questions remain whether there will be follow up activity.  Protests also continue in Iran due ...

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Monday Minute

The new year started last week with a rush of buyers in the equity markets thanks in part to new economic stimulus in China.  Banks’ reserve requirements were lowered in addition to lower taxes, fees, electricity prices, and transport costs (specifics are yet to be announced).  This stimulus in addition to easing trade tensions and ...

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Monday Minute

Tuesday of last week the U.S. Census Bureau reported that housing starts advanced 3.2% month over month in November.  This puts housing starts at a seasonally adjusted annual rate of 1.365 million and up 13.6% from the same time last year.  Industrial production also showed signs of life increasing 1.1% in November, exceeding expectations for ...

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Monday Minute

Fed held steady last week as economy shows moderate growth and unemployment stays at historical lows.  The markets didn’t react much as the no action was widely expected.  Fed uncertainty taken off the table for now.  https://www.reuters.com/article/us-usa-stocks/wall-street-gains-modestly-after-fed-signals-rates-to-hold-steady-for-some-time-idUSKBN1YF1MB Boris Johnson crushed his opponents and the Conservatives have a clear majority for the first time this Century. ...

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Monday Minute

Equity markets are once again trading at their all-time highs despite waffling trade negotiations, impeachment proceedings, and a global slow-down.  This weekend comments were made by a top U.S. official and Chinese state-backed tabloid that the two countries were close to an initial pact prior to year-end.  China continues to press for tariff rollbacks, which ...

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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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