More trade and tariff volatility ahead? https://www.cnbc.com/2018/07/06/china-implements-new-tariffs-on-us-products-state-media-says.html Article on targeted products: https://www.cnbc.com/2018/07/05/global-trade-war-ramps-up-as-us-tariffs-on-china-kick-in.html July has been good for markets over the past 10 years… Markets were down a bit after the trade news, but rebounded on the jobs report. 36,000 jobs added. 3rd best ...
Most financial advisors will recommend the 4% withdrawal rule to their retirement clients, which simply states retirees can take out 4% of their portfolio balance out each year and not run out of money. This sounds like a simple formula and rule and it is backed by research, but not so fast. In our experience, ...
Trump pushes Allies to end Iran oil imports. https://www.bloomberg.com/news/articles/2018-06-26/u-s-is-said-to-press-allies-to-end-iran-oil-imports-by-nov-4 ISM Manufacturing shows strength amid slower deliveries, jumps 1.5 points in June to 60.2. This matched the second highest reading since June of ’04 as factory activity strengthened. https://www.cnbc.com/2018/07/02/ism-manufacturing-construction-spending.html
“If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.” -John C. Bogle, Founder, The Vanguard Group Owning a lot of company stock, or having a majority of your wealth exposed to a single company is risky, and maybe borderline stupid. It can certainly work for some, and ...
Family after family, for decades, show a repeatable pattern of wealth-building, wealth accumulation and eventually wealth destruction. Research shows that 94* percent of wealth is lost by the end of the third generation. The good news is that 6* percent of families do have success in passing their wealth to future generations. These few families ...
Trump announces an additional $200b of tariffs against China last week. Equity markets respond unfavorably. https://www.reuters.com/article/us-usa-trade-china-trump/trump-threatens-to-hit-china-with-new-tariffs-on-200-billion-in-goods-idUSKBN1JE2ZQ The Federal Reserve’s bank assessment comes back positive, showing sufficient strength and capital to survive the next economic downturn. https://www.nytimes.com/2018/06/21/business/fed-stress-tests-banks.html
President Trump and Kim Jong Un conclude their initial summit, with what looks like a positive outcome for global peace. Denuclearization and the end of U.S./South Korea military exercises are on the table. https://www.reuters.com/article/us-northkorea-usa/trump-offers-to-end-korea-war-games-after-historic-kim-summit-idUSKBN1J821H The Federal Reserve hikes its benchmark rate by .25% and indicates another two more hikes in 2018, bringing the total to ...
Job openings now outnumber unemployed. First time since the DOL started tracking the ratio in 2000. http://www.latimes.com/business/la-fi-job-openings-workers-20180605-story.html Big week for headline news – G-7 meeting results, Trump/Kim Jong Un summit, and the Federal Reserve meeting begins. Initial news form the G-7 was not positive. https://www.nytimes.com/2018/06/09/world/americas/donald-trump-g7-nafta.html We hope for a more positive outcome from the summit ...
U.S. consumer spending jumps in April and unemployment applications drop as the economy continues strength. https://www.reuters.com/article/us-usa-economy/u-s-consumer-spending-accelerates-job-market-strengthening-idUSKCN1IW1NX Trump brings steel and aluminum tariffs back in play and demands better trade policies out of the EU, Canada, and Mexico. https://www.reuters.com/article/us-usa-trade/trump-tell-allies-to-fix-trade-after-u-s-tariffs-strike-idUSKCN1IX478
The Supreme Court paved the way for individual states to legalize sports betting. https://www.forbes.com/sites/marcedelman/2018/05/16/explaining-the-supreme-courts-recent-sports-betting-decision/#2038e4ed537c China trade wars on hold and US merger activity start the week off strong as stocks rally. https://www.reuters.com/article/us-usa-stocks/wall-street-rallies-on-trade-war-truce-28-billion-in-mergers-idUSKCN1IM14L The Russell 2000 hits record high as investors have focused on domestic growth and trading around possible long-term tariff issues. https://www.marketwatch.com/story/russell-2000-hits-record-in-early-trading-2018-05-21
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about the authors
is a Managing Director, Partner at HighTower Bellevue.
Lars founded Triad Wealth Stewardship, now known as HighTower Bellevue, to deliver a personalized, custom approach to financial planning and family wealth stewardship to clients. He leads the team with over 30 years of experience.
is a Managing Director, Partner at HighTower Bellevue.
Dan brings over two decades of knowledge in equity markets, manager research and selection, as well as portfolio construction to the team. He values the multi-leveled relationships he shares with clients and partners to help them achieve their financial goals.
Randy Williams-Gurian, CMFC®, CRPC®
is the Wealth Manager at HighTower Bellevue.
Randy helps drive client success based on four critical elements: estate planning, tax planning, risk management and insurance. His belief that clients want more from a financial advisor drives him to consult in 401(k) and personal financial plans, creating an integrated & comprehensive approach.
Michael Policar Michael Policar is a Wealth Manager at HighTower Bellevue. Michael brings a passion for the financial markets and over 6 years of wealth management experience to the team. For Michael, the combination of a value investing philosophy and continuous studies of behavioral psychology, financial advice was not a career choice, it was a calling.
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