Staying Invested

Staying Invested

Last week, the unblemished veneer of the year-to-date equity market showed a crack. After a 24 percent rally, the S&P 500 set a new high and then sold off 5 percent shaking some investors’ confidence.

A Curve Ball in May

A Curve Ball in May

As first quarter reporting season draws to another constructive close, investors’ attention was ripped away from the earnings scorecard and refocused almost exclusively on trade.

The Economy: Growing but Slowing

The Economy: Growing but Slowing

It’s the tail-end of the first quarter of 2019 earnings reporting season and the results have been better than expected. While corporate earnings growth was up 22 percent in 2018 due in part to tax cuts, this year those same cuts will provide limited benefits and corporate earnings growth is expected to only be up around 5 percent for the full-year 2019.

Tariffs Hit the Spin Cycle

Tariffs Hit the Spin Cycle

Although tariffs and trade disputes have been front and center in the news, their impact may not yet be felt by U.S. consumers. If you’ve purchased a washer and dryer recently, it’s likely that you now have firsthand and inadvertent experience bearing their cost.

Prognosis Negative

Prognosis Negative

While the broad market finished the holiday-shortened week positive, healthcare investors weren’t as fortunate. Continued chatter regarding “Medicare for All” as well as a Health and Human Services proposal to ban drug rebates for Medicare are weighing on the sector.

Second Quarter 2019 Investment Strategy Video: Delayed Arrival

Second Quarter 2019 Investment Strategy Video: Delayed Arrival

Our Investment Strategy Video for the second quarter of 2019, titled Delayed Arrival.

Tax Seasoning: SALT and Preparers

Tax Seasoning: SALT and Preparers

April 15 a.k.a. Tax Day for the United States, is fast approaching. As we near the finish line, many Americans are already seeing the impact; the IRS reported in congressional testimony earlier this month that they have issued 2.2 percent fewer refunds compared to the same time last year.

Protect Yourself from Tax Scams

Protect Yourself from Tax Scams

Each year, the IRS issues its annual “Dirty Dozen.” This is a list of top scams that taxpayers should be aware of, along with information on how to spot, avoid and report them.

Global Hunt for Yield

Global Hunt for Yield

Investors the world over are starved for yield. Investments that provide a consistent stream of cash flow are vital for insurance companies, pensions, retired individuals and banks.

2019 Market Letter Q2: Delayed Arrival

0-for-7

0-for-7

While yesterday was Major League Baseball’s Opening Day, this week’s 0-for-7 statistic unceremoniously belongs to the Federal Reserve for failing to achieve its 2 percent inflation target since it was established seven years ago.

Policy U-Turn

Policy U-Turn

On Wednesday, in a widely anticipated event, the Federal Reserve held a press conference and released the “minutes” from their last meeting. The Fed changed their forecast for the path of interest rates from two increases all the way down to … zero.

March Madness

March Madness

This weekend, millions of college basketball fans will start filling out their NCAA tournament brackets. The period during this “distraction” can be economically meaningful to corporate America: it is estimated that, due to lost productivity, companies will lose a combined $6.3 billion.

A Tin Star for the Market

A Tin Star for the Market

On Saturday, March 9, we mark the 10th anniversary of the stock market bottom that started the great bull market we’re now experiencing. Traditionally, tin is the gift given on a 10th anniversary. So in lieu of a gold star, the equity markets deserve a tin star for impressively running up 400 percent since that bottom.

Bonds 101

Bonds 101

Bonds are, at their core, less complex and more easily understood than most clients might assume. While “interest rates” and “bond yields” make them sound complicated, bonds can be boiled down quite simply: bonds are loans.

Tax Reporting Reminders

Tax Reporting Reminders

An important part of many clients’ tax files are 1099s, which are annual tax forms that reflect bond interest, stock dividends, other income and the sale of securities that may include capital gains and losses. Separately, Form 1099-R includes tax information for retirement accounts and reflect distributions, transfers and rollovers.

It's All About Confidence

It's All About Confidence

It’s hard not to be a little discouraged each night when you watch the evening news. The laundry list of problems facing the markets can seem quite daunting: Fed tightening, slowing growth, dysfunction in Washington, D.C, tariffs, etc. We believe that these are real issues that certainly need to be addressed.

Green Shoots in February

Green Shoots in February

The offhand reference to stock charts in a rising trend accurately describes the good times stock investors have enjoyed so far this year. For those who hung tight amid the carnage of December, the S&P 500 has delivered returns just shy of 11 percent so far this year.

"Fewer Bigger Stronger" - Bill Joseph, Morgan Stanley

"Fewer Bigger Stronger" - Bill Joseph, Morgan Stanley

On Thursday, SunTrust Banks and BB&T Corporation announced the biggest bank merger in 10 years. The partnership will create a banking powerhouse in the Mid-Atlantic region and throughout the southeast United States.

Closing the Gap

Closing the Gap

One of the four takeaways from our 2019 Economic Outlook is “Increased Turbulence” which has been in full force this winter. In December, the S&P 500 lost 13.5 percent, including the “Christmas Eve Massacre,” making it the worst December since 1931. In a complete reversal, the market returned 8 percent in January, representing the best January return in 30 years.