Category Archives: Investment Management

December 11

2018 Stock Market Predictions

By David Nelson, CFA Sentiment coming into 2017 was mixed, mostly divided around political affiliation. Those in support of change pointed to aggressive growth expectations on the heels of tax reform and deregulation. On the other side, economists like Nobel Laureate Paul Krugman believed expecting anything approaching 3-3.5% GDP was little more than economic arrogance. […]

November 20

Investing is about making choices – The only bad decision is not making one

David Nelson, CFA With just 28 trading days left for 2017, investors have a lot to be thankful for this holiday season. Large caps were the standout performer year to date but Mid-Cap and even Small-Caps held their own despite a slow start and a summer scare. Thanksgiving launches what is usually a seasonally strong […]

November 12

Wall Street’s dirty little secret

By David Nelson, CFA Let’s start by stating the obvious. Avoiding taxes is the national pastime. Since the dawn of organized society special interest groups have employed petitioners to lobby for better treatment under the tax code. I’m sure even in the days of Egyptian Pharaohs there was a cottage industry helping some avoid taxes […]

November 06

Purge at House of Saud – What does it mean for oil?

By David Nelson, CFA In a stunning sequence of events heir apparent to the Saudi throne, Prince Mohammed bin Salman seems to have consolidated power as authorities detained dozens including Prince A-Waleed bin Talal one of the richest men in the world. Along with Al-Waleed were 16 other princes as well as former ministers in […]

November 01

3 Challenges for Investors

David Nelson, CFA The market put in a strong month on the heels of a good earnings season along with strong economic data supporting the recent move. Investors have 3 hurdles to cross between now and year’s end. Justice Department – Just how far does the indictment of Paul Manafort and the guilty plea of […]

October 23

How far will the markets fall without tax reform?

By David Nelson, CFA It’s not theory anymore. U.S. markets are clearly pricing in some level of tax reform. The tenor of the markets changed in early September when tax reform made its way back into the news cycle. Financials ,along with tech and materials have led the way during the latest surge. Friday ended […]

October 16

Stock Market Crash October 1929, October 1987, October 20??

By David Nelson, CFA With the 30th anniversary of the 1987 stock market crash just around the corner, Thursday to be exact, it will be hard to not reflect on a day that saw the DOW fall a staggering 22.6% in a single session. Many of us weren’t even trading the market in 87. As […]

October 09

Two Things Driving Markets to All-Time Highs

By David Nelson, CFA For most of the last 18 months it’s paid to be tilted toward the reflation trade with overweights’ in financials, tech and industrials. As tax reform made its way back into the news cycle yields started to return to the upper end of the trading range and despite a legislative goose […]

October 02

What if Tax Reform Doesn’t Pass?

By David Nelson, CFA Markets are beginning to price in the potential for tax reform and in particular some level of repatriation of corporate cash held offshore. Therein lies the opportunity and of course the danger. Stocks are discounting system and in today’s machine trading, fast paced algo driven markets, stocks will likely hit targets […]

September 25

Fed Trek – The Great Unwind

By David Nelson, CFA [These are the voyages of the Federal Reserve. Its five-year mission: to unwind a massive balance sheet, to seek out inflation and low unemployment, to boldly go where no man has gone before.] There was no shortage of news last week as the S&P 500 closed at another all-time high. Kim […]