Bellevue Perspectives

Monday Minute

With the elections finally over, the market has one less thing to worry about and showed its excitement last week with a 545 point rally on the Dow Wednesday.  Historically a divided Congress has been good for the equity markets.  The Democrats won control of the House while the Republicans gained seats in the Senate.  ...

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Monday Minute

The IRS raised the limit for 401(k) contributions to $19,000 and IRAs to $6,000 for 2019.  Great opportunity to bump up your retirement savings.  https://www.irs.gov/newsroom/401k-contribution-limit-increases-to-19000-for-2019-ira-limit-increases-to-6000 With the strong October Jobs Report last week, the December FOMC meeting looks to bring another rate hike and likely more in 2019 unless the data weakens sharply.  The question ...

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Monday Minute

The markets extended their losses last week and today from September’s highs.  The S&P 500 and Dow both entered negative territory for the year on the idea of peak earnings growth, higher interest rates, possible mid-term election outcomes, and tariff disputes.  After hitting official correction territory, the question remains is this a temporary dislocation or ...

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Monday Minute

U.S. Census Bureau report last week showed housing market remains under pressure. With rising rates and some signs of an economic slowdown, builders are hesitant to increase production.   This doesn’t signal a trend, but something worth watching.  For us in the West, the numbers were a positive 6.6% (7.9% YoY).  This could add to the ...

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Monday Minute

The yield on the benchmark 10-year U.S. Treasury note rose 0.103 percentage points to 3.159% Wednesday of last week, its highest level since July 1, 2011, and its largest one-day climb since March 2017.  As a result, the market experienced a broad sell-off including the bonds.  As long rates continue to rise, be careful with ...

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Monday Minute

Fed maintains its policy for steady rate rises as they bump the Fed Funds rate by .25% to a range of 2-2.25%.  They continue to see economic growth and look to hike rates in December and three additional hikes in 2020. The decision was unanimous and widely expected by the market. https://www.reuters.com/article/us-usa-fed-instantview/fed-lifts-u-s-rates-by-quarter-percentage-point-idUSKCN1M62N9 Canada comes to ...

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Monday Minute

A new Census Bureau report shows US median household income reached an all-time high in 2017.  This marks the third consecutive annual increase.  The share of total income going to households at the top 5% and top 20% has also stayed relatively flat since 1993, showing income inequality is not growing and in fact has ...

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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

Lars Knudsen  

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.   

Dan Stober  

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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