Feature Articles: Institutional Investment Management

3rd Quarter 2019 Strategy - “Inflation is too Low”

By Patrick Larson, CFA®

July 15, 2019Institutional Investment Management

Economic Overview

The expectation of a rebound in Q2 GDP is not likely going to happen.  The 3.1% we experienced in Q1 looks like it will fall to the low 1% area for Q2.  The lag in GDP reporting explains why we discuss it here...

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2nd Quarter 2019 - Global Slowdown Has Begun

By Patrick Larson, CFA®

April 16, 2019Institutional Investment Management

Economic Overview 

Our theme for the first quarter was: “Things are Slowing Down” which turned out to be the case.  Many economic indicators in Europe have pointed to a slowdown this year. The Purchasing Manager’s Index (PMI) peaked in the Eurozone in December 2017 and had fallen below 50...

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Financial Institutions Insights 1st Quarter 2019 Strategy

By Patrick Larson, CFA®

January 21, 2019Institutional Investment Management

Economic Overview - What a Difference a Quarter Makes! 

We entered the fourth quarter of 2018 with solid economic growth, interest rates near a multi-year peak and an equity market that was trading near record highs.  But things changed.  Expectations that the economy will slow...

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Financial Institutions 4th Quarter 2018 Strategy

By Patrick Larson, CFA®

October 17, 2018Institutional Investment Management

Economic Overview  

The economy is growing at a remarkable pace.  Second quarter GDP increased 4.2% and the 3rd quarter may also exceed 4.0%.  It seems likely 4th quarter GDP will be between 3.0% and 3.5%.  Up to this point, the Fed seems to have gotten both...

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