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2024 Reflections
As the year draws to a close, I find great value in pausing to reflect on the past twelve months. Each year, I encourage my team to take a moment to do the same—reflecting on lessons learned, professional milestones, personal growth, sources of inspiration, or a mix of all these. These reflections not only allow us to appreciate our journeys but also serve as an opportunity to better understand one another.
Post-Election: Growth, Inflation, and Caution in 2025
With the long-awaited and highly consequential U.S election finally coming to a resolution, markets quickly shifted focus to the anticipated implications of a second Trump presidency alongside a Republican sweep of both houses of Congress. Key policy changes related to tariffs, immigration, corporate taxes, and deficit spending were quickly extrapolated for the expected impact on the economy and subsequent Fed reaction.
Post-Election Fixed Income Sector View
The election has passed, and markets are now assessing the implications of the red wave political shift. A pro-growth agenda (spearheaded by tax cuts), a pro-business agenda, and pro-growth policies, comes at a time when corporate profitability is strong and the consumer is very resilient. Despite the expected natural slowing effects of higher interest rates, this agenda is expected to support economic momentum as well as trigger adjustments in inflation expectations. We should not forget that headwinds such as geopolitical tensions in Ukraine and the Middle East, ongoing social polarization and dysfunction, and the potential for policy missteps could bring increased market volatility.
A Milestone of Success
A Milestone of Success Thank You for Your Trust and Partnership Dear Friends, We are writing to share some exciting news and to express our sincere gratitude for your continued trust and partnership. With our sub-advisory partnership with ALPS Advisors,...
Market Update – Riding Into Year-End
As we enter the final months of 2024, we would like to take this opportunity to share our perspective on the evolving economic and geopolitical landscape, along with our insights on various market segments. We continue to navigate a period of heightened uncertainty as the economy undergoes the post-COVID normalization process. Policymakers and politicians are encountering new challenges during this transition.
Charts That Caught Our Attention: Credit in Focus
Is Walmart equity performance sending a recession signal that corporate spreads are not picking up?
Welcome Carys Murphy
As we continue to grow and position ourselves for the future, we’re thrilled to welcome Carys Murphy to our team. Carys comes to us from Charles Schwab, where she was instrumental in driving their growth initiatives and integration strategies, including the landmark $26 billion acquisition of TD Ameritrade.
Charts That Caught Our Attention: Federal Reserve Cuts 50bps, Market Receives Message Well
“Economy is strong overall… the labor market has cooled from its formerly overheated state, and inflation has eased substantially…” this is “a sign of our commitment not to get behind”, a summary of remarks from Federal Reserve Chairman Jerome Powell following the Fed’s decision on September 18, 2024.
Welcome Charlie Smith
We are excited to welcome Charlie Smith to our Business Excellence team! Charlie recently graduated from the University of Colorado, Boulder with a Bachelor’s Degree in Business Administration, with emphasis in Real Estate and Marketing. He will be supporting our growth and reinforcing our commitment to delivering exceptional outcomes for our clients.
Rapid Rebounds: The Swift Dynamics of Credit Spreads and Volatility
At the start of the month, a convergence of factors drove the VIX higher and significantly widened corporate credit spreads. However, since then, we have nearly reversed those movements. While this brief piece doesn't explore the specifics of the events that triggered...
