Borderline

Borderline

For the week, the equity markets were higher by about 1.15 percent as investors absorbed Janet Yellen's testimony to Congress and the stronger-than-expected economic data that was posted. Interest rates were higher with the 10-year U.S. Treasury climbing in yield from 2.39 percent to 2.41 percent.

The Yin and Yang of It All

The Yin and Yang of It All

It was another solid week in the markets. The S&P 500 was up almost 1 percent to record highs. Interest rates were relatively quiet with the 10-year Treasury finishing the week yielding 2.40 percent. Oil rallied modestly and is now up to $54.00 per barrel.

Good News First

Good News First

Friday’s jobs numbers propelled stocks to roughly break even on the week. While the gain of 227,000 jobs in January was meaningfully above the estimate of 175,000, the unemployment rate ticked up and wage growth ticked down. The increase from 4.7 percent to 4.8 percent in the unemployment rate was due to more people entering the labor force, thus not much of a negative.

Tapping the Commercial Real Estate Market

Tapping the Commercial Real Estate Market

The equity markets were higher by about 1.3 percent compared to last week as investors absorbed fourth quarter earnings and reacted to the changes in Washington. Interest rates were higher, with the 10-year Treasury climbing in yield from 2.39 percent to 2.49 percent. The Dow Jones Industrial Average crossed 20,000 this week but the real story is how long it took to get here.

Winds of Change

Winds of Change

What has become known as the Trump Trade has delivered strong equity returns since election day last fall, with the benchmark S&P 500 rising by 6.5 percent over this period. More remarkable is the fact that the blue chip index hasn’t experienced a 1 percent or greater loss since October 11, 2016.

Getting Ahead of Ourselves

Getting Ahead of Ourselves

After rallying into the end of the year, both interest rates and the market took a little breather this week. The S&P 500 finished the week basically flat, while the yield on the U.S. 10-year Treasury finished at 2.40 percent. A quiet week as we head into earnings season.

Show Me the Money

Show Me the Money

The Friday job report was slightly on the light side with December payrolls coming in at 156,000, 19,000 below economist’s estimates. Positively, the previous two months showed 19,000 in upward revisions. However, wages grew at their highest rate since June 2009, coming in at 2.9 percent year-over-year growth.

Outlook 2017

Eight years into a bull market, and U.S. stocks have pulled off a command performance in 2016. Brexit and a Republican sweep of the fall elections were outcomes that few anticipated, and ones that failed to produce the investment outcomes that many predicted. As the political landscape changed,

Baby What a Big Surprise

Baby What a Big Surprise

It was a relatively quiet week in capital markets. Trading volume was very low, and the S&P 500 was down 1 percent. Interest rates were also down for the week with the 10-year U.S. Treasury finishing the week at 2.44 percent.

'Tis the Season for... Animal Spirit

'Tis the Season for... Animal Spirit

Treasuries are wrapping up with their first weekly gain since the U.S. election and stocks are mixed in pre-holiday trading. Yields on the 10-Year Treasury benchmark closed at 2.54 percent, down from last week’s close of 2.59 percent. The S&P 500 and Dow Jones Industrial Index are trading at slightly higher levels than where they started on Monday.

Shifting Gears from Monetary to Fiscal Policy

Shifting Gears from Monetary to Fiscal Policy

The stock market was slightly positive on the week up around .20 percent taking a break from the strong move upwards following the election in November. Both the S&P 500 and the Dow Jones Industrial Average are within striking distance of all-time highs. The 10-year Treasury bond sold-off this week with the yield rising from 2.47 percent to 2.55 percent as treasury prices and yields move inversely to each other.

An Early Christmas

An Early Christmas

In a relatively quiet week on the company news front, investors welcomed a series of new highs on the S&P 500 that have pushed the benchmark index to price gains now exceeding 10 percent on the year. 

OPEC's Early Holiday Gift

OPEC's Early Holiday Gift

Ferguson Wellman has viewed the energy sector favorably for close to two years. While 2015 was a difficult year in that regard, we started seeing improvements in 2016. Finally, OPEC delivered a nice gift earlier this week which will continue to benefit our stance.

A Time to be Thankful

A Time to be Thankful

The election is over and the capital markets have had a few weeks to digest the results. In this holiday-shortened week the equity markets coasted to new record highs on light volumes with the Dow Jones Industrial Average surpassing 19,000 and the S&P 500 eclipsing 2,200. Small Cap stocks continued their post-election rally, up nearly 13 percent since the election. 

Bond Vigilantes

Bond Vigilantes

This week the markets continued to digest the election news in an attempt to understand how the changes in government will impact the economy and markets. Stocks were up a bit less than one percent this week and bond yields continued to

Resources Worth Routing: Cole Quoted in the Bend Bulletin

Cascade Bancorp, the parent company of Bend-based Bank of the Cascades, is seeing strong growth across its Northwest footprint as a result of the economy and recent acquisitions, CEO Terry Zink said Wednesday. “The many strategic investments we have made are fueling our growth,” Zink said during a conference call with investors on third-quarter earnings. Net

Navigating the Unknown

As the week draws to a close, we wanted to share some perspective on what was a surprising week for our political system. Against this backdrop, the capital markets once again demonstrated they do not like surprises or uncertainty. Following the announcement that Donald Trump had secured the necessary 270 electoral delegates, equity markets sold off

What a Long, Strange Trip It’s Been

What a Long, Strange Trip It’s Been

Equity markets fell a little more than 1 percent on the week as the presidential race grew closer with the news of renewed investigations into Hillary Clinton’s use of personal emails during her time as Secretary of State. Additionally, the Fed chose not to raise interest rates when they met on Wednesday, but signaled pretty clearly that they would be tightening in December.

Ferguson Wellman Ranked 24 on Forbes’s Top 100 RIA Firms List

Ferguson Wellman ranked 24th on Forbes’s “Top 100 RIA Firms” list. This year’s unique ranking featured wealth management firms by their growth in assets over the last ten years, as opposed to general assets under management as several other lists are organized. The data for the