Ryan Driscoll

Three Reasons Investors Should be Optimistic

Posted by Ryan Driscoll on Nov 9, 2018

Topic: Market Commentary

The markets are certainly making investors uncomfortable lately. However, market corrections, especially late in the cycle should be expected and can be healthy. We have experienced five sell-offs (and recoveries!) of similar magnitude in the last five years. Unfortunately, 2018 brought the markets back to a more normal level of volatility after investors were lulled into a sense of riskless comfort in 2017. Despite the recent market instability, we still see three reasons to be optimistic...

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The U.S. Economy: Still Looking Strong

Posted by Ryan Driscoll on Aug 16, 2018

Topic: Market Commentary

Mid-year has come and gone and until recently the markets were behaving like it’s 2017 all over again. Through July, the S&P 500 Index has had four straight months of gains. U.S. Treasury yields are relatively contained and the 10-year bond seems to have found resistance at the 3 percent level. Lastly, it seemed as though the spike in volatility that we saw early in the year had subsided

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Wage Inflation: Is it Different This Time?

Posted by Ryan Driscoll, Kristofer Kwait on Jul 13, 2018

Topic: Industry Knowledge | Market Commentary

The Federal Reserve Governors have been waiting patiently for a meaningful jump in inflation to validate the removal of historically low interest rates that laid the foundation for the economic recovery since the financial crisis. And . . . while The Fed continues to wait . . .

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Strong Signals Support the Fed’s Path Forward

Posted by Ryan Driscoll, Kristofer Kwait on Jun 15, 2018

Topic: Industry Knowledge | Market Commentary

Ultimately, the decision to increase rates was unanimous as the vote was 8-0. Federal Reserve officials raised interest rates for the second time this year and upgraded their forecast to four total increases in 2018, as unemployment fell and inflation exceeded their targets faster than previously projected.

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A Tale of Two Markets

Posted by Ryan Driscoll on May 11, 2018

Topic: Market Commentary

Volatility returned in force the in first quarter of 2018 and both stock and bonds posted negative returns, making for a challenging quarter for investors. The resurgence in market volatility had many investors turning the calendar on March 31st with trepidation...

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The Fed Stays the Course

Posted by Ryan Driscoll, Kristofer Kwait on Mar 22, 2018

Topic: Industry Knowledge | Market Commentary

An increase in the Fed Funds rate at the March FOMC meeting was a forgone conclusion. The biggest unknown was whether the new chairman of the Federal Reserve, Jay Powell, would continue the cautious approach of his predecessor, Janet Yellen, or choose a slightly more aggressive stance in removing the accommodative policies of the last ten years.

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Returning to the “Old Normal”

Posted by Ryan Driscoll, Michael Strauss on Feb 15, 2018

Topic: Equities | Industry Knowledge | Market Commentary

Investors took solace in the lack of stock market volatility in 2017. In reality, that may have been more of an anomaly than the current turbulence equity investors are experiencing. Volatility spikes in the capital markets are not unusual.

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Moving from a Gallop to a Grind

Posted by Ryan Driscoll, Michael Strauss on Jan 10, 2018

Topic: Market Commentary

The U.S. economy, in line with our long term view, has clearly moved into a stronger growth mode as the domestic economy expanded at around a three percent pace in the final nine months of 2017. The short-term stimulus from the tax cut package is likely to produce continued solid growth in 2018.

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Keeping It Simple — Growth and Earnings Still Driving Equities

Posted by Ryan Driscoll, Michael Strauss on Nov 3, 2017

Topic: Market Commentary

The U.S. economy has moved into a stronger growth mode. Even with the negative impact from hurricanes, real GDP growth expanded at a 3.0 percent pace in 2017:Q3, after a 3.1 percent advance in 2017:Q2. This represented the first time since 2014 that the economy registered back-to-back quarterly gains of three percent or more.

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A Different Engine for European Equities

Posted by Ryan Driscoll, Michael Strauss on Sep 18, 2017

Topic: Equities | Market Commentary

The Euro area economy seems to be on solid footing and the European Central Bank (ECB) has taken notice. European companies are finally showing meaningful improvements in corporate earnings, although the strengthening Euro could put pressure on some entities. One new twist - European officials are beginning to recognize that the stronger Euro may present a challenge to the economic and earnings ...

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