Market Commentaries

A Lot Can Change in a Quarter

By |2022-04-22T14:34:18-07:00April 1st, 2022|

We expect commodity prices to remain elevated in the near term and any recovery in stock and bond prices to be tempered while investors reevaluate growth expectations in a less interconnected world.

The Changing Seasons

By |2022-01-21T16:03:44-08:00January 7th, 2022|

January brings the annual tradition of envisioning the year ahead. In financial markets, this means attempting to predict what can not be controlled.

Noisy Normalization

By |2021-10-15T15:27:57-07:00October 1st, 2021|

Q3 2021 Market Commentary
Investor sentiment is slowly shifting from the optimism of early-2021 when investors believed ‘when this pandemic is over, things will be better,’ to a more pragmatic outlook that acknowledges the pandemic is not over and may linger.

Cycles of Recovery

By |2021-07-26T11:34:54-07:00July 9th, 2021|

Q2 2021 Market Commentary
Global economic activity has picked up over the last three months, reflecting pent-up demand but still faces several road bumps as the pace of recovery varies between nations.

Points of Consistency

By |2021-04-12T11:08:23-07:00January 15th, 2021|

Q4 2020 Market Commentary
As we enter 2021, we expect to encounter potholes as well as progress, with an uneven path to global economic recovery over at least another year or two.

Unequal Impact, Unequal Recovery

By |2020-10-20T09:36:06-07:00October 9th, 2020|

Q3 2020 Market Commentary
A "K" shaped pattern recognizes the dramatic variation in recovery among different industries, demographics, and individuals, and highlights the current inequality in our economy.

Building Back Better

By |2020-10-20T14:48:50-07:00July 10th, 2020|

Q2 2020 Market Commentary
We observe the shock of the initial coronavirus crisis evolving into energy for creative economic recovery.

The Many-Minded Market

By |2020-10-20T15:21:50-07:00April 3rd, 2020|

Q1 2020 Market Commentary
Our world is moving at breakneck speed as we ramp up the production of essential items, medical equipment, and vaccines to tackle the current health crisis. The financial markets fluctuate like a roller-coaster in time with the news cycle as they try to respond to each new development.

The Impact of the Coronavirus

By |2020-10-20T15:30:38-07:00February 23rd, 2020|

Q1 2020 - Mid-quarter Commentary
The Coronavirus leads most news headlines with effects spreading across the globe. Partners Kate Campbell King, CFP® and Brian Kozel, CFP® sat down to discuss the current state of the financial markets and how a sudden and unexpected risk is reflected in our investment strategies.

Cooking Up Growth (and Risk) in the Markets

By |2020-10-20T15:33:28-07:00January 24th, 2020|

Q4 2019 Market Commentary
Is the stock market 'super-saturated'? What happens next? We explore how current policy conditions create risk, and, counterintuitively, how feelings of concern about market, social, and environmental risks can pave the way to a stronger economy and future growth.

2019 Q4 Mid-Quarter Commentary

By |2020-08-20T12:59:57-07:00November 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 |2020-08-20T13:00:17-07:00October 15th, 2019|

Q3 2019 Market Commentary
Today, there is a growing consensus that the short term in the market is becoming riskier. We don't disagree. 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 |2020-01-31T12:30:10-08:00August 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.

Thinking Fast, and Slow

By |2020-08-20T13:01:02-07:00April 22nd, 2019|

Q1 2019 Market Commentary
FOMO is the new version of greed, and it has developed amazing velocity in our hyper-connected world of hyper-productivity. Our latest market commentary explores how instinctive thinking is affecting our financial markets.

Now is the winter of our discontent

By |2020-08-20T13:01:20-07:00January 4th, 2019|

Q4 2018 Market Commentary
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 |2020-08-20T13:01:43-07:00October 22nd, 2018|

Q3 2018 Market Commentary
We all know that risks exist, but our feeling about a particular risk is driven by our recent experience. 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 |2020-04-21T15:32:23-07:00July 6th, 2018|

Q2 2018 Market Commentary
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 |2020-04-21T15:34:09-07:00April 13th, 2018|

Q1 2018 Market Commentary
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.