House Intelligence Committee finds no evidence of collusion between Trump Campaign and Russia. http://www.foxnews.com/politics/2018/03/12/trump-touts-house-intel-findings-no-evidence-collusion-between-campaign-russia.html Secretary of State, Rex Tillerson gets fired Tuesday and markets react unfavorably. https://www.reuters.com/article/us-usa-trump-tillerson/trump-fires-tillerson-a-moderate-replaces-him-with-hawkish-spy-chief-pompeo-idUSKCN1GP1NJ Trump targets China specifically with tariffs on up to $60b of Chinese goods. https://www.reuters.com/article/us-usa-trump-china/trump-seeking-tariffs-on-up-to-60-billion-chinese-goods-targets-tech-telecoms-idUSKCN1GP2X8
Employment numbers remain strong as February ADP numbers blow past expectations. https://www.cnbc.com/2018/03/07/adp-us-private-sector-february-2018.html Trump moves forward with tariffs but exempts Mexico and Canada temporarily. Looks to include in NAFTA negotiations. https://www.reuters.com/article/us-china-usa-trade/trump-sets-steel-and-aluminum-tariffs-mexico-canada-exempted-idUSKCN1GK09C Goldilocks continues with strong jobs report with modest wage growth. http://www.foxbusiness.com/markets/jobs-jump-by-313000-in-february-best-since-july-2016
Trump aims to rebuild American steel and aluminum industries with tariffs. Market sells off mid-week but looks to have been overdone as it reversed course Friday. https://www.reuters.com/article/us-usa-trade/trump-says-u-s-to-impose-tariffs-on-steel-aluminum-imports-idUSKCN1GD3QO?il=0 We enter March optimistic that the worst remains behind us now –and we enter two of the best months for market returns of the year. The below chart ...
The Federal Reserve released minutes from their January meeting last week, indicating continued economic strength and the expectations for more rate hikes. Inflation remains a bit of a question mark however with recent signs of a spike, but continued doubt if it is sustainable. The markets responded favorably with a strong week. http://www.businessinsider.com/federal-reserve-minutes-fomc-january-meeting-2018-2 With 90% ...
Equity markets continue their Friday 2/2 decline into Monday and whipsaw investors early Tuesday, followed by large declines Wednesday and Thursday. Market rallies again today, adding to Friday gains. Fundamentals have not changed outside the effect of higher interest rates, so we are still under the assumption this is a market correction in a continued ...
Although easier said than done, investors should do their best to remain objective and unemotional during times of market volatility. We have constructed your portfolio with a long-term view, and are of the belief that making significant changes in response to short-term market fluctuations is typically not advisable. That stated, as your trusted advisors, we ...
Trump addresses the nation in his State of the Union address. https://www.reuters.com/article/us-usa-trump/trump-pushes-hardline-immigration-policies-even-as-he-urges-unity-idUSKBN1FJ1DV Federal Reserve keeps the Fed Funds Rate as is but sees inflation rising. https://www.reuters.com/article/us-usa-fed/fed-leaves-rates-unchanged-sees-inflation-rising-this-year-idUSKBN1FK0IQ Higher wages and interest rates take a bite out of the big gains we’ve seen in the equity markets this year. Not time to panic, but time to accept ...
The US dollar continues its trend lower, helping domestic multinationals (as our products become cheaper), emerging markets equities, and commodities. https://www.cnbc.com/2018/01/25/dollar-slumps-to-a-three-year-low-but-its-not-worrying-europe-just-yet.html Q4 earnings reports will be big for the markets this week, including AAPL, GOOGL, and MSFT. We’ll get an indication if the current market multiples are justified. http://www.nasdaq.com/article/biggest-upcoming-earnings-reports-to-watch-aapl-googl-msft-cm911847 Powell was voted in as Fed ...
Crude oil shows continued strength in the second trading week of the year. https://www.reuters.com/article/us-global-oil/u-s-crude-hits-three-year-high-as-oil-prices-climb-on-tighter-market-idUSKBN1EY059 Apple trumps recent corporate announcements of pay hikes and one-time bonuses with a 5 year commitment to spend $350b in the US thanks to Trump’s tax and repatriation bill. https://www.reuters.com/article/us-apple-tax/apple-plans-new-u-s-campus-to-pay-38-billion-in-foreign-cash-taxes-idUSKBN1F62FJ Government shuts down over budget, but looks to reopen today. Equity ...
2017: A Fourth Quarter Review A quick summary of economies & markets for you. Dear Clients & Friends, The final quarter of 2017 was a great one for stocks: the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posted 3-month gains of better than 6%. Landmark federal tax reforms were approved and ...
HighTower Bellevue 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.
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.
Live your legacy.
Contact us to learn more about our team, our philosophy and how we can help you build your legacy.