Market Commentaries

2019 Q4 Mid-Quarter Commentary

By |2019-12-31T17:53:51-08:00November 21st, 2019|

Partners Kate Campbell King, CFP® and Brian Kozel, CFP® sat down to discuss the current state of the financial markets, the difference between trading and investing, and the power of donor-advised funds.

The Latest Chapter in Lend and Spend

By |2019-12-31T18:53:45-08:00October 15th, 2019|

Today, there is a spreading consensus that the short term in the market is becoming riskier. We don't disagree. While two years ago, most economies were accelerating their growth, now most are slowing down. In our latest market commentary, we look at the "lend and spend" strategy of lowering interest rates to promote economic growth.

2019 Q3 Mid-Quarter Commentary

By |2019-12-31T18:11:21-08:00August 29th, 2019|

For our Q3 mid-quarter commentary, partners Kate Campbell King, CFP® and Brian Kozel, CFP® sat down to discuss the current state of the financial markets and the firm's approach to managing client portfolios.

Offense Sells Tickets; Defense Wins Championships

By |2019-12-31T18:54:44-08:00July 9th, 2019|

Today’s economy has been sending signals that it is in its final innings. The stock market goes up and down in price trying to discern the direction of the game – now surging forward with a tax cut or solid economic data, now pulling back due to the prolonged trade war or slowing corporate earnings.

Now is the winter of our discontent

By |2019-12-31T18:56:01-08:00January 4th, 2019|

Winter is often used in literature as a metaphor for difficult times and right now feels like just one of those times. The recent declines in stock prices are unsettling and lead to worry about the future.

Remember Risk?

By |2019-12-31T18:57:22-08:00October 22nd, 2018|

We all know that risks exist, but our feeling about a particular risk is driven by our recent experience. Even knowing that we are likely to have another big earthquake, knowing that the risk exists, people don’t actually prepare because they have no recent experience of it. Many investors have fallen into a false sense of diminished investment risk because of prolonged calm in the markets.

The Drums of Trade War, Redux

By |2019-12-31T18:58:23-08:00July 6th, 2018|

Trade tensions have proven quite real over the last three months and continue to dominate headlines. Market price volatility continues apace as well, affected by concerns not only about trade but also rising interest rates and energy prices.

The Drums of Trade War

By |2019-12-31T18:59:55-08:00April 13th, 2018|

Like the ebb and flow of the tide, we saw markets rush upward in January only to see them retreat back in February and March. We have also seen a few historically large single-day declines, only to see a big rebound a few days later. The primary reason given for this volatility has been broad concern about tariffs and a looming trade war with China.

(Ir)rational Exuberance

By |2019-12-31T19:00:49-08:00January 15th, 2018|

Annually in January market predictions for the future abound. Reading the news in January is thus an exercise in incredulity – about the certainty the prognosticators declare about an inherently uncertain future.