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June has just ended and wanted address the most often questions I've received the past few weeks/months.  So far this year, the S&P and Nasdaq are down ~-20% and ~-30% respectively and a lot of folks are concerned with (1) the direction of their portfolios, (2) what will the Fed do with rates and (3) what will happen with inflation.   Markets Q: Have we hit the lows in the stock market? A: I believe we should be prepared that we have not hit the lows during this bear market.  That said I don't believe most investors should do anything differently and should stay invested.  We cannot predict what's going to happen in the markets over the next 6 months but over the ...

Dear Clients and Friends, October saw stock markets bounce back from their first meaningful loss in a year to post a strong gain of over 5% while intermediate and long term bond yields generally moved sideways. Short term bond yields started to move higher as fears over inflation and the Fed raising rates potentially next year forced traders and investors to reprice that part of the curve. October brought a lot of the same in terms of data and concerns; markets are very highly valued and inflation might be here longer than some thought. A few notable items for the month: Bezos, Ikea and The Rockefeller foundations pledged announced plans to create a Global Energy Alliance for People and Planet that will ...

Monthly Recap It was another busy month indeed with GDP reported, continued trade wars/rhetoric and the first $1 Trillion company in history.  To recap, below are bullet points of the important and noteworthy events that occurred in July. Apple became the first company in history to reach a $1 Trillion valuation. US Q2 GDP is reported with 4.1% growth, the highest quarterly growth since 2014.  Michael Feroli, the chief U.S. economist at JPMorgan Chase & Co said “It’ll be hard to repeat this performance on a sustained basis.” The US-China trade war rhetoric keeps going back and forth.  Trump announced a plan to increase tariffs on an additional $200B of Chinese goods (although Trump also hinted at putting tariffs on $500B worth ...

Monthly Recap It was another busy month with continued talks of trade wars.  To recap, below are bullet points of the important and noteworthy events that occurred in June. The trade war with China picked up with the US and China going back and forth on tariffs.  This uncertainty was a contributing factor for the market selloff that happened during the last 2 weeks of the month.  Read more here Central bank officials voted unanimously to raise their benchmark federal-funds rate by a quarter-percentage point to a range between 1.75% and 2%. It is their second rate rise this year, and they penciled in a total of four increases for 2018, up from a projection of three at their March ...