Dear Valued Clients and Friends, Our recent entry into Japanese equity markets through both a small cap and large cap dividend orientation is focused on capturing the secular story we see behind corporate profits and exiting the worst of a multi-decade deflationary debacle. No part of the thesis assumes other economic affectations can be ignored, […]
Dear Valued Clients and Friends, We have written a lot in recent months at our Dividend Café property of our due diligence around allocating client capital to Japanese equity markets. Our not totally facetious boast has been that from the time I entered the investment markets professionally nearly twenty years ago, to where we are […]
Click here to subscribe to Market Epicurean Dear Valued Clients and Friends, Few topics intrigue central bankers, economists, and financial managers than the normalization of monetary policy in the United States. The Federal Reserve’s response to the financial crisis was not to use monetary weapons as a pistol, but rather a bazooka (which I might […]
Dear Valued Clients and Friends, In thirteen months there will be substantial coverage of the ten-year anniversary of the financial crisis, and we will surely join the fray. Despite anything I say below, the historical memorialization of the financial crisis will forever be affiliated with the Lehman bankruptcy of September 2008, and then, of course, […]
At some point in the late 1990’s, and lasting all the way through the end of Chairman Greenspan’s reign as the chair of the Federal Reserve, a primary function of the U.S. central bank became the coddling of U.S. risk asset investors. In a future issue of Market Epicurean, I will make the case […]
Treasury Secretary, Steve Mnuchin, appeared on CNBC early this morning to discuss a number of policy endeavors of the administration, and for the second time since the inauguration the subject of the U.S. Treasury issuing hyper-long-dated bonds (50-year maturity, most realistically; even a 100-year has been discussed). Secretary Mnuchin affirmed their interest level in […]
Dear Valued Clients and Friends, The present dialogue in capital markets centers primarily around valuations in the stock market, interest rate risk in the bond market, and general unknowns in the realm of both monetary and fiscal policy. These are fair and not insignificant issues to ponder, and yet in the quest for a proper […]
Dear Valued Clients and Friends, Prudent risk managers must take an approach of not only evaluating the risks that sit right in front of them, but aggressively looking for risks that loom beneath the surface. The vast majority of material market disruptions over the years did not come from interferences in capital markets that had been […]
In 2009, the owner of Skybridge Investments, Anthony Scaramucci, in response to what was certainly a generational low point for capital markets (numerically) and the sentiment around financial institutions (public relations) decided to throw a hedge fund conference in Las Vegas. The destination was chosen in response to then President Obama’s odd exhortation shortly after […]
Dear Valued Clients and Friends, President Trump’s economic team, led largely by Treasury Secretary Steve Mnuchin and National Economic Council Director Gary Cohn, released a single page document summary of the administration’s proposed tax reform plan two weeks ago. While the most significant changes in the plan come from the business tax code and not […]
The Bahnsen Group is registered with HighTower Securities, LLC, member FINRA and SIPC, and with HighTower Advisors, LLC, a registered investment advisor with the SEC. Securities are offered through HighTower Securities, LLC; advisory services are offered through HighTower Advisors, LLC.
This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.
All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and HighTower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.
This document was created for informational purposes only; the opinions expressed are solely those of the team and do not represent those of HighTower Advisors, LLC, or any of its affiliates.