by David Wagner | May 28, 2021 | Blog
Going into this year, a theme for our clients was that “the path of least resistance is up, but we could encounter some type of volatility”. This is exactly what we have seen thus far this year, and we continue to believe that this will be the case moving forward. So,...
by JD Gardner | May 26, 2021 | Blog
The concept of Direct Indexing is pretty much as it sounds. Instead of accessing an index through an ETF or a mutual fund – you directly own the underlying securities. This approach has created some excitement as it can create some potential efficiencies. Here are...
by David Wagner | May 20, 2021 | Blog, Macro Updates
As of May 14th, 91% of the S&P 500 have reported earnings (440 companies). The first quarter of 2021 saw S&P 500 earnings at $48.21, besting Wall Street expectations by 21% – this is the biggest beat in recent memory. Not only that, but Investors have...
by John Luke Tyner | May 14, 2021 | Blog
The Q1 Scorecard Source: Bloomberg (As of 3/31/21) TLT = iShares 20+ Year Treasury Bond ETF ($12bn AUM); AGG = iShares Core U.S. Aggregate Bond ETF ($87bn AUM); LQD = iShares iBoxx $ Investment Grade Corporate Bond ETF ($41bn AUM). All AUMs are as of 5/12/21. While...
by David Wagner | May 4, 2021 | Blog
Who is John Galt? President Biden won the electoral college by 74 votes, but he won the “swing states” by only just 65K votes. So, even though it may not look like it on the surface, this was a narrow margin of victory for the current President. The election...
by John Luke Tyner | May 3, 2021 | Blog
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” Milton Friedman Friedman’s quote above is historically accurate although since the 1990s and...
