Every year when we turn the page to a New Year, we enjoy the opportunity to reflect on the year that was. 2023 gave us a much-needed reprieve, in both equity and bond markets, after a challenging 2022. The S&P 500 rose nearly 25% in 2023 effectively reversing the 19% decline from the previous year. […]
2023 has proven to be an extraordinary year thus far, and there is still a lot of uncertainty for the future. We would like to share our outlook for the remainder of the year, and then take a minute to reflect on the first half of the year and share a few insights that may […]
Back in April (HERE), we wrote a piece on housing in the US. Eight months later, we thought it was important to provide an update. To rewind the clock for a moment, in late April the 10-year treasury was yielding 2.87% and the 30-year fixed mortgage rate was 5.27%. At the time, existing home sales […]
With Christmas and New Year’s falling on Wednesdays, the calendar has afforded us more time to reflect on 2019. The decade ended with a bang – 2019 was the single best year in the past ten years for the MSCI All Country World index and the S&P 500 missed sharing the same status by less […]
Rarely in markets can we be completely certain of what is causing them to move. The industry joke is, “more sellers than buyers,” when equity markets head lower. We find ourselves in one of those rare moments where there is no question around what is causing the current selloff. First, a timeline: On July 31st, […]
It feels strange to start this post with a New Year salutation as we are now officially three weeks into 2019. For a variety of reasons, we held off on an update until now. We were hoping to see a resolution to both the ongoing trade talks with China and the government shutdown. Neither has […]
On Friday (5/4), the Bureau of Labor Statics (BLS) released their monthly nonfarm payroll employment data. In April, the United States added 164,000 non‐farm jobs missing consensus estimates of 192,000 jobs. While that number was below the average for 2018 thus far (200K), revisions to prior months added a net 30K jobs. The other major […]
The U.S. Securities and Exchange Commission on Wednesday proposed overhauling its conflict-of-interest rules for brokers, a move likely ensuring that Wall Street won’t have to comply with much tougher regulations approved at the end of Barack Obama’s presidency. SEC Chairman Jay ClaytonPhotographer: Andrew Harrer/Bloomberg At a public meeting in Washington, SEC commissioners led by Chairman […]
This is the first of a series of articles from life- and business strategist Tony Robbins on sharpening your investing and personal-finance skills. Doctors, lawyers, and certified public accountants in the United States are legally required to act in the best interests of the people they serve. Yet financial advisers get a free pass. There […]
