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 ...
March 9th was the 11th the anniversary of the Global Financial Crisis ending (2008-2009 bear market ended on 3/9/2009) but the last two weeks have provided a reminder of the volatility and turmoil investors observed in 2008/2009. Yesterday’s decline of -7.6% was the largest single day decline since the Global Financial Crisis and when looking ...
HighTower Bellevue 2019 Third Quarter Market Commentary Dramatic Rally in US Bond Market Yet US Equities Hold Their Impressive YTD Gains The third quarter of 2019 ended quietly in the United States Financial markets, yet the quarter provided several interesting market surprises. The U.S. Bond market rallied 6.6% as measured by the 10 Year Aggregate ...
Stocks traded sideways last week on a mix bag of Q1 earnings releases, and that trend continues today as the equity markets are only slightly changed. Roughly 1/3 of the S&P 500 companies report their earnings this week however, which should push the markets out of their current trading range. Oil stocks are one sector ...
A new Census Bureau report shows US median household income reached an all-time high in 2017. This marks the third consecutive annual increase. The share of total income going to households at the top 5% and top 20% has also stayed relatively flat since 1993, showing income inequality is not growing and in fact has ...
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 pushes Allies to end Iran oil imports. https://www.bloomberg.com/news/articles/2018-06-26/u-s-is-said-to-press-allies-to-end-iran-oil-imports-by-nov-4 ISM Manufacturing shows strength amid slower deliveries, jumps 1.5 points in June to 60.2. This matched the second highest reading since June of ’04 as factory activity strengthened. https://www.cnbc.com/2018/07/02/ism-manufacturing-construction-spending.html
Trump decides to abandon the Iran Nuclear deal. Oil stocks rally and push up the markets mid-week. https://www.nytimes.com/2018/05/08/world/middleeast/trump-iran-nuclear-deal.html The country’s jobless rate hit an 18-year low, 3.9%. The dollar finished higher while Treasury yields flattened out as the market assessed the impact of America’s inconclusive trade talks with China. (Bloomberg)
Crude oil shows continued strength in the second trading week of the year. https://www.reuters.com/article/us-global-oil/u-s-crude-hits-three-year-high-as-oil-prices-climb-on-tighter-market-idUSKBN1EY059 Apple trumps recent corporate announcements of pay hikes and one-time bonuses with a 5 year commitment to spend $350b in the US thanks to Trump’s tax and repatriation bill. https://www.reuters.com/article/us-apple-tax/apple-plans-new-u-s-campus-to-pay-38-billion-in-foreign-cash-taxes-idUSKBN1F62FJ Government shuts down over budget, but looks to reopen today. Equity ...
Senate panel approves the new Tax Bill, will go to full vote. https://www.reuters.com/article/us-usa-tax/u-s-republican-tax-plan-clears-hurdle-in-senate-fight-erupts-over-spending-idUSKBN1DS197 Markets move higher the beginning of last week despite concerns over another N. Korean missile test. https://www.nytimes.com/2017/11/28/world/asia/north-korea-missile-test.html Upward real GDP revision for Q3 beats expectations. https://www.reuters.com/article/us-usa-economy-gdp/u-s-third-quarter-economic-growth-fastest-in-three-years-idUSKBN1DT1W7 OPEC agrees to extend oil production cuts through 2018, providing much needed support to oil stocks ...
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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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