Markets Are Fickle – Bank of America Fund Manager Survey | April 17, 2021

Markets Are Fickle – BofA Fund Manager Survey Perceived risks are shifting away from interest rates and inflation. The latest concern is ‘Peak Economic Growth’ implying that things can’t get much better. When all the experts and forecasts agree – something else is going to happen. The time to re-balance portfolios is approaching. Last week […]
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Are Soaring Growth Estimates Already Priced In? | April 10, 2021

Are Soaring Growth Estimates Already Priced In? GDP Growth is expected to soar based on vaccination progress, consumer recovery and an easy comparison with last year. With a fresh run of stimulus checks delivered, or about to be delivered, and pandemic fatigue rampant, it isn’t hard to imagine at least a mini-boom over the next […]
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Economy: Full Steam Ahead | April 3, 2021

Economy: Full Steam Ahead Unemployment remains high, but continuing claims remain in a downtrend. GDP is not back to pre-pandemic trendline, but early indicators say we are getting close. After the massive GDP decline last year, we should expect well above trendline growth this year as long as the vaccines work their magic. Investors remain […]
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Stocks Remain A Prisoner of Interest Rates | March 27, 2021

Stocks Remain A Prisoner of Interest Rates The stock market is following the bond market like a puppy. Rates down? Buy growth stocks. Rates up? Buy reflation stocks. U.S. growth estimates are rising, but they are falling in other developed markets. Unless something changes, rates are probably going nowhere. The economic experience in the U.S. […]
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Can the Infrastructure Lure finally Catch Some Funding? | March 20, 2021

Can the Infrastructure Lure finally Catch Some Funding? Infrastructure should be an easy bipartisan issue. How we pay for it is a big sticking point. Getting a bill passed will not be easy. There are few issues that have been discussed as consistently as infrastructure, but with no meaningful result. Most recently, infrastructure was a […]
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Retirement Isn’t a Four-Letter Word | March 13, 2021

Retirement Isn’t a Four-Letter Word Each year J.P. Morgan releases an educational booklet on retirement and because we focus so heavily on retirement for clients, we have made it a practice of taking a few topics from it for our clients. Longevity: The first topic we want to address is longevity. We have always been […]
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