Yearly Archives

2019

Monthly Market Update for November 2019

Friday, December 13, 2019

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Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: A pervasive feeling that a recession is not on the immediate horizon, due to ongoing moderate growth, fueled the equity markets once again in November. Optimism surrounding a U.S-China trade accord was present throughout the month, while mixed signals across the global economy were enough to drive key benchmarks to new all-time highs. In keeping with the risk-on theme, government bond yields increased, and credit spreads extended their recent…

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Strategies for Giving More

Tuesday, December 3, 2019

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In honor of #GivingTuesday and the year-end giving season upon us, here are a few simple, helpful strategies. Create a plan to understand your impact Write a mission statement to focus your giving. Focus on what matters most to you by writing a few sentences about your giving goals. Use that statement to help you say no or to limit your support of causes that don’t align with those priorities. Particularly for families with children, incorporate giving into everyday life and make sure future generations know your intentions. As a family, decide on a few concrete steps you’ll take to…

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Next Gen Series: Five Tips for Developing Financially Fit Young Adults

Thursday, November 14, 2019

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This is our final blog in a series about setting up the next generation for financial success. In this piece we summarize and conclude with these 5 tips. 1. If they don’t have a written budget, encourage them to create one and stick to it. If they need to cut back on expenses, they can start by eliminating the extra “nice-to-haves” in their life. 2. Explain the importance of building an emergency fund to cover a minimum of three months of essential expenses and advise them to keep this money easily accessible, such as in a savings account. Depending on…

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Monthly Market Update for October 2019

Thursday, November 14, 2019

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Global Economy: Amid ongoing economic and geopolitical uncertainty, financial markets continued to climb the proverbial wall of worry in October. As prominent equity benchmarks achieved all-time highs, fixed income markets reacted to broad policy accommodation with steeper yield curves and a bias to quality. Concerns of global manufacturing weakness spilling over into services, the labor market, consumer spending, and ultimately investor sentiment remain present. That said, a better-than-feared corporate earnings season, progress toward an initial US-China trade agreement, the reduced risk of a no deal Brexit, and a somewhat weaker U.S. dollar have collectively provided “green shoots” of optimism. The…

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October 29th and 30th FOMC Meeting Follow-Up

Thursday, October 31, 2019

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Policy Easing Continues: Following the mid-cycle adjustment that took place in July and an insurance cut in September, the FOMC delivered its third consecutive monetary policy modification. With a vote to reduce the Fed Funds rate by another 25 bps, the targeted range now stands at 1.50% to 1.75%. As has been the case for recent meetings, this decision was well-anticipated by the market, with a >80% implied probability of further accommodation reflected in the futures market since early October. Although Federal Reserve officials had ample opportunity to redirect expectations, and there were again two more hawkish dissenters within the…

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Next Gen Series: Goal Setting to Jump Start Your Career

Wednesday, October 16, 2019

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In our last blog, we highlighted the importance of goal setting in several life categories for young adults: Health-Fitness, Family, Financial, Personal-Hobbies, and Career. We wanted to explore the importance of setting career goals. Creating and writing down specific, formal goals early in your career can help you jump start your career, ensure you continue to grow, and give you guidance through the ups and downs that comes with any career. Here are some initial career goal categories we recommend: Continual education and training is a must – If you want to progress in your career, learning new skills and…

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Monthly Market Update for September 2019

Tuesday, October 15, 2019

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Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: Shaking off continued geopolitical uncertainty, investors provided a renewed bid for risk assets in September. Accordingly, global equities advanced modestly while interest rates reversed a portion of the prior month’s sharp decline. Manufacturing data continued to show signs of slowing and there was even some moderation in consumer spending and sentiment. US-China trade talks are scheduled to officially resume in mid-October, while the British Prime Minister faces political and…

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Sept 17th and 18th FOMC Meeting Follow-Up:

Friday, September 20, 2019

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Policy Normalization on Target: In spite of one member voting for a 50 bps reduction and two members voting for no change, the FOMC voted to reduce the Fed Funds rate by 25 bps to a targeted range of 1.75% to 2.00%. As has been the case for recent meetings, this decision was generally “as expected” by the market, with a near ~100% implied probability of at least a 25 bps reduction reflected in the futures market since early August. Amid notable pre-meeting volatility in the overnight repo lending market, the Committee unanimously voted to cut the interest it pays…

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Monthly Market Update for August 2019

Wednesday, September 11, 2019

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Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy, and the global financial markets. Global Economy: Uncertainty and volatility ruled the month of August, with globally depressed interest rates, US/China trade issues and the increased likelihood of a no-deal hard Brexit at the forefront. While economic data indicates “consumers are consuming,” manufacturing data were not as strong, causing some dashboards to flash rising recession probabilities. Interest rates moved sharply lower, resulting in an inverted US yield curve and increasing amounts of negatively yielding debt abroad….

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Next Gen Series: Importance of Goal Setting

Wednesday, September 11, 2019

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Navigating independence for the first time as a young 20-something can be overwhelming. What career is right for me? When is the right time to buy my first house? Am I saving enough? Decisions made at this stage of life can now have significant consequences. Formal goal setting can help young adults set themselves up for success by visualizing and accomplishing what they want in life. It provides an actual process for thinking about what you want your future to look like and motivating yourself to turn that vision into reality. Without goals and a plan, your decision making is…

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