Current Commentary

/Current Commentary
Current Commentary 2018-07-02T10:43:19-07:00

The Economy and the Pandemic

This article confirms what I'm hearing anecdotally - people have been saving money during the Pandemic, with options for spending constrained. Meanwhile, our marvelous and ingenius people have found ways to work around Covid's face-to-face constrictions and continue working and earning. Result: likely continued low interest rates and likely bull market continuing ahead. Bloomberg.com, By Tim Duy December 1, 2020: [...]

By | December 1st, 2020|Financial Commentary - Public|

Wall Street wins the Election

As suggested in our pre-election “what if” commentary, a split government is a net positive for the stock market. It appears that the election of the Bidan/Harris ticket was more of a repudiation of extreme behavior on the part of Donald Trump than an endorsement of a strong shift to the left in overall U.S. politics, Democrats appear shocked to [...]

By | November 6th, 2020|Financial Commentary - Public|

Predicting the 2020 Election

The World Will (...) End with the Next Election (NOT) As we approach the November 3 election, I thought it might be useful to submit my thoughts on how different outcomes may affect the financial markets. These are the thoughts of someone with 46 years active involvement in financial markets: Markets have an uncanny way of “knowing” what the outcome will be, but this election is scrambled eggs so it’s hard to believe markets know what is coming. Let’s consider some possibilities:

By | October 15th, 2020|Financial Commentary - Public|

Quarter end Report Sept. 30, 2020

Below is a graphic borrowed from the Wall Street Journal online, tracking equity performance both here and abroad for the year to date, as of September 30, 2020: As this quarter wound down, unemployment is above 8 percent, the federal deficit as a percentage of GDP is the largest since World War II, and the U.S. death toll from COVID-19 [...]

By | October 6th, 2020|Financial Commentary - Public|

Quarter end Report June 30, 2020

“Biology will drive the economy”. - Michelle Seitz, Russell Investments appearing on Bloomberg’s “Wall Street Week” Equity markets continued a remarkable recovery that began in the last week of March right through this June quarter. The Standard & Poors 500 is now just 8% off last year’s December 31 close. Despite a reduced equity exposure, those stocks we kept for [...]

By | July 14th, 2020|Financial Commentary - Public|