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

The Good, The Bad and The Ugly – Webinar Recap

By |2019-06-13T08:29:03-08:00March 8th, 2019|Market Commentary|

Time to read: 3 minutes |  After moving to an underweight position in equities in 2018, we are closely watching our indicators to see what is next for the markets and our portfolios. While our indicators are giving mixed signals, our portfolios remain in a defensive position despite the recent market rebound. However, we

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