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 ...

read more

History Lessons

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 ...

read more

Monday Minute

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 ...

read more

Monday Minute

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 ...

read more

Monday Minute

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

read more

Monday Minute

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

read more

Monday Minute

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)

read more

Monday Minute

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 ...

read more

Monday Minute

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 ...

read more

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.

subscribe