George Hosfield, CFA, discusses Ferguson Wellman's quarterly strategy titled, "Inflation's Flame Flickers," which addresses the narrow market leadership, the impact of higher interest rates on inflation and how assets are priced at this stage of the economic cycle.
George Hosfield, CFA, discusses the firm's quarterly strategy titled "Stalemate," which highlights the Fed's ongoing battle to tame inflation along with our views on the health of the banking industry and capital market expectations for the balance of the year.
Director and Chief Investment Officer George Hosfield, CFA, discusses the Fed raising interest rates, peaking inflation and our view on equities and volatility across all asset classes in our Investment Strategy titled, “Balancing Act.”
A week that began with the sharpest pullback in equities since last fall concluded in remarkable fashion, as investor concerns about the economic repercussions of rising COVID-19 infections gave way to an increasingly constructive second quarter earnings season.
The Dog Days of Summer are here! In addition to the record heat waves expected to bombard the West Coast this weekend, we also await what typically occurs around this same time: equity market volatility and below average returns.
It’s the tail-end of the first quarter of 2019 earnings reporting season and the results have been better than expected. While corporate earnings growth was up 22 percent in 2018 due in part to tax cuts, this year those same cuts will provide limited benefits and corporate earnings growth is expected to only be up around 5 percent for the full-year 2019.
Equity markets were relatively flat on the week as economic data was weighed against global events. Interest rates continued their slow trend downward with the 10-year U.S. Treasury finishing the week at a 2.32 percent yield.
Stocks posted a 0.5 percent return this week as investors became more confident in economic and fiscal policies. The Dow Jones Industrial Average passed 21,000 for the first time and equities posted their first 1 percent day in over four months.
