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
Trump decides to abandon the Iran Nuclear deal. Oil stocks rally and push up the markets mid-week. https://www.nytimes.com/2018/05/08/world/middleeast/trump-iran-nuclear-deal.html The country’s jobless rate hit an 18-year low, 3.9%. The dollar finished higher while Treasury yields flattened out as the market assessed the impact of America’s inconclusive trade talks with China. (Bloomberg)
The value of a college degree may be debatable. On one hand, you have vast numbers of corporate CEO’s and billionaires sporting Ivy-League degrees. On the other hand, some of the world’s richest people; Bill Gates, Steve Jobs and Mark Zuckerberg are college dropouts (see also: Kanye West). The debate ends at the COST of ...
The Federal Reserve leaves the funds rate at a target of 1.5% to 1.75%. Sees economic improvements and inflation picking up, close to its 2% target. https://www.cnbc.com/2018/05/02/fed-holds-rates-steady-but-points-to-higher-inflation.html Through mid last week, 76% of S&P 500 companies have reported Q1 earnings with 81% beating earnings estimates and 67% beating sales estimates. The average earnings beat was ...
Korean summit gives the world hope for peace, and one less issue to worry the equity market. https://www.reuters.com/article/us-northkorea-southkorea/south-north-korea-to-hold-historic-first-summit-in-decade-at-dmz-idUSKBN1HX2I6 Markets continue volatility as Q1 earnings hit full stride in the face of rising interest rates and inflation fears. https://www.reuters.com/article/us-usa-stocks/wall-street-edgy-as-inflation-fears-rise-earnings-boost-fades-idUSKBN1HY1M1
JP Morgan projects $800B in S&P 500 stock buybacks in 2018 vs. $530B last year. This could provide needed support to the stock market in coming months. https://www.cnbc.com/2018/03/02/companies-projected-to-use-tax-cut-for-record-share-buybacks-jp-morgan.html Interest rates continue their path higher with the 10 year Treasury closing in on 3%. Effect is offset with earnings optimism and a full week of earnings ...
2018: A First Quarter Review A quick summary of economies & markets for you. Dear Clients & Friends, Stocks rallied in January, corrected in February, and slumped in March as volatility and economic policy changes took some of the enthusiasm out of the market. The Trump administration announced tariffs on foreign steel, ...
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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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