Bellevue Perspectives

Monday Minute

The Federal Reserve cut rates another .25% last Wednesday as most of the market expected.  Because they signaled a pause in the easing cycle, the markets had a muted response initially, but later rallied after the press conference.  https://www.reuters.com/article/us-usa-fed/u-s-fed-cuts-rates-but-signals-pause-in-easing-cycle-idUSKBN1X90D7 End of the week stocks rallied on another strong jobs report, adding 128,000 jobs in October.  ...

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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 ...

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Monday Minute

Commodity issues also saw pressure on some disappointing Chinese economic data and a lowered demand forecast from the IEA, which weighed on crude oil and the energy sector. (Schwab) Markets rebound mid-week on strong corportate earnings and by news that the House of Representatives passed its tax reform bill.  http://www.reuters.com/article/us-usa-tax/u-s-house-of-representatives-approves-tax-overhaul-fight-shifts-to-senate-idUSKBN1DG1G3 After 8 years of relative ...

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Monday Minute

US equity indexes finish another week higher and the VIX (volatility index) hits an all-time low of 9.19.  Can it really continue??  https://www.wsj.com/articles/asia-markets-mostly-higher-japan-stocks-lack-direction-1507171181 Wage inflation is accelerating, currently above 4% YoY.  Unemployment hits 16 year low to 4.2%.  (Cornerstone Macro) All US equity markets are at or near all-time highs with the September ISM Manufacturing ...

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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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