About Jeff Brown and Patrick Ford

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So far Jeff Brown and Patrick Ford has created 29 blog entries.

Fed Cuts, Recessions and Stock Market Performance

By |2019-09-13T12:09:32-08:00September 13th, 2019|Market Commentary|

In our latest webinar we discussed all the media coverage around a potential recession in the United States. In that presentation, we featured a version of the table below. which is Ned Davis Research’s (NDR's) Recession Watch Report. The table features ten key indicators that have historically been indicative of an upcoming recession in the

Tips For Retirement Income Planning

By |2019-04-04T09:56:55-08:00April 2nd, 2019|Articles|

Time to Read: 10 minutes | Tips for Retirement Income Planning Much time, energy, and thought are put into the fundamentals of saving for retirement before retirement happens – how to allocate assets, understanding the benefits of tax-advantaged retirement accounts, etc.  Less emphasis is put on how to withdraw the funds once you’re in retirement. Retirement

Still Underweight… For Now

By |2019-05-20T13:15:39-08:00February 15th, 2019|Market Commentary|

Time to read: 5 minutes | While capital markets have advanced off of the late December lows, few of our objective market measures indicate that the bottoming process is complete. The list of potential sources for further market gyrations is long—including slowing global economic growth, monetary and trade policy errors, investor complacency, overbought asset classes, and

Bear Watch Report over 40%: Cutting Equities Again

By |2019-03-26T19:16:55-08:00December 31st, 2018|Market Commentary|

Time to read: 7 minutes | On July 11th, 2018, we wrote about the “tug of war” between strong domestic economic news and potential for interest rate hikes, domestic policy mistakes, and increased risks for international equity markets.  We argued it was no longer prudent to own stocks in excess of our benchmarks.  Accordingly, equity exposure

3 Reasons Why a U.S. Recession is Not on the Horizon

By |2019-04-03T07:00:43-08:00December 10th, 2018|Market Commentary|

Time to read: 7 minutes | Economic growth drives profits, which should help fuel long-term gains in stocks through 2019. Most economic sub-cycles are still young, there’s little debt creation and consumer confidence is high. There’s no over investment, tighter conditions or shocks— which often precede recession. How much further can the U.S. expansion go?

The Truth Behind the Old Adage “Don’t Fight the Fed”

By |2019-03-26T20:04:57-08:00November 29th, 2018|Market Commentary|

Time to read: 5 minutes | It appears 2018 will be the first year since 1972 when no major asset class returned 5% or more.  Global quantitative tightening could be the culprit according to Ed Clissold, Chief U.S. Strategist at Ned Davis Research. While the Federal Reserve has been trimming its balance sheet for over a

Cutting Equity Allocation to “Underweight”

By |2019-04-15T08:21:18-08:00November 7th, 2018|Market Commentary|

Time to read: 5 minutes | On Friday, November 2, 2018, Brown Wealth Management reduced equity investments across each of our clients’ managed portfolios.  The resulting allocations own less than their benchmark in stocks for the first time since 2009. The change comes on the heels of our recent reduction to equity investments because of extended