Bellevue Perspectives

Monday Minute

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 ...

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Monday Minute

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 ...

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Monday Minute

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

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Monday Minute

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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Monday Minute

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)

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Monday Minute

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 ...

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Monday Minute

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

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Monday Minute

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 ...

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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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