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Weekly Insights – August 3, 2020

The Economy “Money, it’s a crime share it fairly, but don’t take a slice of my pie”– Pink Floyd The U.S. Economy contracted at an unprecedented rate last quarter as the coronavirus was bearing down on countries around the globe. The Commerce Department reported last week the U.S. gross domestic product declined -9.5% compared to […]

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July 27, 2020 – Weekly Insights

Update on Earnings Season The S&P fell -0.28% last week, while the NASDAQ bounced off all-time highs and fell -1.33%. Year-to-date, the NASDAQ is up 15% and the S&P is down less than -1%. Earnings season continues to reveal terrible results due to the impact of the virus, as expectations on S&P 500 earnings indicated […]

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July 20, 2020 – Weekly Insights

Whistling Past the Graveyard (Part 2) We are currently living through not one, but two major experiments that have no precedent or road map for success in our lifetime. The first experiment is the global pandemic as we are tasked with protecting ourselves and loved ones from a terrible virus while, at the same time, […]

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July 13th, 2020-Weekly Insights

Whistling Past the Graveyard – Gregory J. Hahn, CFA The phrase “Whistling Past the Graveyard” describes the tenuous uncertainty that accompanies ignoring growing negative circumstances which could ultimately culminate in terribly bad outcomes. As we measure the euphoric response from the stock market to monetary stimulus and hope for a vaccine, we contrast the elevated […]

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July 7, 2020 – Weekly Insights

The first half of 2020 was one of the most tumultuous periods in economic history. A global pandemic ripped through the planet, shutting down parts of the economy and causing a swoon in stock prices not seen since the 2008 Financial Crisis. Central banks around the globe stepped in to provide monetary stimulus, which has […]

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June 30, 2020 – Weekly Insights

The Half-Way Point of the Year ‘Did I miss anything?’ –Daniel Thorson Emerging from a 75 day silent retreat in early June, Daniel Thorson asked the question through a tweet:  “Did I Miss anything?” In early March this year, Thorson had voluntarily cut himself off from society and remained isolated in a remote cabin in northwestern […]

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June 22, 2020 – Weekly Insights

Economic Outlook – Gregory J. Hahn, CFA We began the year 2020 with the record economic expansion showing signs of slowing. This economic slowdown was partly through its own inertia and was compounded by a tariff war with China. However, in 60 days, the world changed. By mid-March large segments of the economy were being […]

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June 15, 2020 – Weekly Insights

Continuing to Navigate the Coronavirus – Gregory J. Hahn, CFA In order to begin to understand the capital markets, we must first acknowledge that we are living through not one, but two experiments. The first experiment is the extreme monetary policy that has been applied to help stimulate economic growth after the halt in economic […]

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June 8, 2020 – Five Stock Picks for a Recovery

Weekly Insights – June 8, 2020 After hitting an historic rate of 14.7% in April, unemployment retreated to 13.3% in May, which was a significant surprise in an economy decimated by the coronavirus. Economic demand will be a function of the movement of the COVID-19 virus. Even though the number of coronavirus cases is declining, […]

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The Capital Markets – Is there a Bubble?

September 9, 2019 The Capital Markets – Is there a Bubble? A bubble in financial assets is a situation in the capital markets in which asset prices appear to be based on implausible or inconsistent assumptions or expectations. It is indicative of an asset trading in excess of its intrinsic value and is often fueled […]

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