Rich Barrett is Chief Investment Officer for Congress Wealth Management LLC. ("Congress") Prior to joining Congress in 2016, Rich held investment positions at Fidelity Investments, Andover Capital and Wellington Management Co. He is a proud graduate of Boston College and Harvard Business School.

From the Desk of the CIO

US corporations are sitting on a gigantic PILE of cash September 29, 2021 Despite what the beautiful lyrics might say, it’s money and not love that makes the world go ‘round.  Cash drives everything: investment, hiring, capital expenditure, stock buybacks, dividends, M&A activity etc. etc. etc.  It’s all about cash, who’s got it and how are…

From the Desk of the CIO

Friday is ‘non-farm’ Labor Day September 2, 2021 All eyes on Friday’s non-farm payroll report.  Expectations are for a +725k gain, but yesterday’s anemic ADP private payroll data of just +350k private job additions for August could possibly be setting the market up for a disappointment. Here’s a classic example of when “bad” is “good”…

New Market Cycle

We are now nearly seventeen months into a global pandemic battle, a battle no one foresaw.  The history books will ultimately have the final say on this crisis, along with a better perspective on its ultimate social and financial costs.  Thankfully we are much closer to this episode being over and hope that everyone’s family…