In Case You Missed It: Presentation From Our 2019 Spring Investment Forum

Forecasting the Next Recession • Dr. Mark Zandi, Chief Economist of Moody’s Analytics • James Meyer, Chief Investment Officer Tower Bridge Advisors At our Annual Spring Investment Forum last week, Dr. Mark Zandi and James Meyer both spoke about the chances of a recession in the near term and offered insights into what the economic …

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April 24, 2019 – Stocks have returned to record high ground as earnings beat expectations. But with interest rates lower than they were last September and earnings above levels at that time, stocks today appear more fairly valued than they were in late summer.

Stocks moved into record territory yesterday as both the S&P 500 and the NASDAQ Composite set new highs in the wake of generally favorable earnings reports despite a strong headwind caused by a strong dollar comparison year-over-year. Moreover, recent economic data has been positive suggesting that the slowdown that began last fall is now behind …

April 24, 2019 – Stocks have returned to record high ground as earnings beat expectations. But with interest rates lower than they were last September and earnings above levels at that time, stocks today appear more fairly valued than they were in late summer.Read More

April 22, 2019 – As the IPO market starts to blossom, investors should be aware of the laws of supply and demand. In particular, when lock-up periods expire the supply of stocks available for sale could become a material headwind if not offset by other factors like rising earnings. Fortunately, we expect earnings growth to resume in the second quarter and to accelerate a bit for the rest of 2019.

Stocks moved higher again on Friday as two high profile IPOs, Pinterest and Zoom Video made their public debuts. But elsewhere, stocks show signs that the momentum that propelled stocks back close to their historic highs may be running out of gas just as we approach the heart of earnings season. Obviously, a major deviation …

April 22, 2019 – As the IPO market starts to blossom, investors should be aware of the laws of supply and demand. In particular, when lock-up periods expire the supply of stocks available for sale could become a material headwind if not offset by other factors like rising earnings. Fortunately, we expect earnings growth to resume in the second quarter and to accelerate a bit for the rest of 2019.Read More

April 17, 2019 – 5G is coming. The technological success of Huawei, a leading Chinese company connected to its government, is putting pressure on the West to take necessary steps to retain leadership. Yesterday’s settlement between Apple and Qualcomm is a step in the right direction. Alleged efforts by the Justice Department to stop the merger of Sprint and T-Mobile would be a step backwards.

Stocks were mixed yesterday dominated by weakness in the healthcare sector. As Democratic Presidential candidates start barnstorming the country and talk about radical overhauls of healthcare, investors have become spooked. While few believe we are headed for a single payer, Medicare for all solution anytime soon, significant changes could have major impact. What are the …

April 17, 2019 – 5G is coming. The technological success of Huawei, a leading Chinese company connected to its government, is putting pressure on the West to take necessary steps to retain leadership. Yesterday’s settlement between Apple and Qualcomm is a step in the right direction. Alleged efforts by the Justice Department to stop the merger of Sprint and T-Mobile would be a step backwards.Read More