Feature Articles: Institutional Investment Management

1st Quarter 2020 Strategy

By Tony Albrecht, CFA®

January 16, 2020Institutional Investment Management
Financial Institutions Insights 1st Quarter 2020 Strategy “A Short-Term Rebound Followed by Economic Softening”

 

Recommendations

Interest rates declined 90 basis points in 2019.  While current levels seem low (5-year Treasury note yield at 1.60%), remember in 2012 the same Treasury had a yield 0.50%.  Unless the duration of your bond portfolio is...

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4th Quarter 2019 Strategy - “PMI Data Stokes Slowdown Concerns”

By Patrick Larson, CFA®

October 08, 2019Institutional Investment Management

Economic Overview

The U.S. economy chugs along at a 2.0% pace (GDP) with a quarterly range between 1% and 3%.  Recall GDP advanced 3.1% in the 1st quarter and the 2nd quarter was reported at 2.0%.  Expectations for the 3rd quarter are centered around...

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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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