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…

Preparing for the Next Bear Market

One of the more difficult lessons we learn as financial advisors is that our clients tend to forget the level of anxiety, and in some cases, absolute terror, that accompany bear markets. This bout of forgetfulness typically accompanies bull markets, or in the recent case, very long bull markets.  Those advisors who guided clients through…