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.

Opportunity Zones: Walk, Don't Run

Opportunity Zones: Walk, Don't Run

Opportunity zones have become a trending topic in financial circles of late and we are taking a “walk, don’t run” approach when reviewing the space.

Versus Capital Update

Versus Capital Update

Versus Capital is a partner that we utilize for private real estate and real asset investing on behalf of clients.  

Q1 2019 Investment Outlook Video

2019 Annual Limits for Tax and Wealth Planning

2019 Annual Limits for Tax and Wealth Planning

The Internal Revenue Service recently announced the annual inflation adjustments for a number of tax provisions for 2019. These went into effect January 1, 2019 and are not intended to be used for 2018 tax returns. We fully recognize that most of our clients are currently preparing their 2018 taxes and we encourage you to revisit some of the major changes associated with the 2017 Tax Cuts and Jobs Act that will impact 2018 tax planning.

A Good View of Long-Term Investing

A Good View of Long-Term Investing

This week, USA TODAY’s Adam Shell announced his retirement as money reporter following Wall Street. On Monday, he shared some parting words for his readers that are good reminders about taking a long-term approach to investing.

Leave the Past Behind

Leave the Past Behind

Stocks put in a bottom on Christmas Eve of 2018 and have since rallied close to 10 percent. While December of last year was the worst since 1931, we believe that the worst is behind us.

Growing But Slowing

Growing But Slowing

2019 is off to a turbulent start. The first couple trading days of the year were the worst in 18 years, only to be eclipsed by a huge rally today that left equity investors a bit richer for the week, albeit whipsawed in the process.

Hosfield Quoted in Portland Tribune

Hosfield Quoted in Portland Tribune

2018 is in the history books and, if anything, we were surprised at how little changed from the previous year. Unemployment was still at record low levels. Wages failed to increase significantly. Housing prices continued to skyrocket. And while some pundits were talking about the economy starting to slow down, economist John Mitchell assured us that the economy will continue to grow in 2019.

Outlook 2019

Outlook 2019

 After six years of exceptionally low “turbulence,” volatility returned with a vengeance last year. We expect this bumpy  flight path to persist as investors digest slowing economic expansion, materially lower earnings growth and broadening trade and political tensions.

Turning the Page

Turning the Page

As we look back on 2018, we can summarize the year as one where volatility emerged at the same time equity markets and the economy diverged enormously. In fact, 2018 is estimated to produce the strongest economic growth since the Global Financial Crisis at 3.0 percent.

The Present We Didn’t Ask For

The Present We Didn’t Ask For

While expectations were for the Fed to raise the federal funds rate by 0.25 percent, there was a small glimmer of hope that they may hold pat.