Menu
Skip to right header navigation
Skip to main content
Skip to secondary navigation
Skip to primary sidebar
Skip to footer

Before Header

Philadelphia Wealth & Asset Management Firm

Why TBA?
- Why Tower Bridge Advisors?
- FAQs
Who We Serve
People
Wealth Management
- How to Select the Best Wealth Management Firms
Process
Client Service
News
- Market Commentary
Video
- Economic Updates
Contact

Search this website

Click to Call: 610.260.2200
Send A Message
Why TBA?
- Why Tower Bridge Advisors?
- FAQs
Services
People
Wealth Management
Our Process
Client Service
News
- News & Resources
- Market Commentary
Videos
- Economic Updates
Contact

Tower Bridge Advisors

Sorry, no content matched your criteria.

Primary Sidebar

Market Commentary

Latest News

July 28, 2021 – This earnings season has brought an explosion of record results. Last night Apple, Microsoft, Alphabet and Visa all beat estimates substantially on both the top and bottom lines. Muted overnight reaction suggests that the results were already baked in the cake. Temporary margin gains from better than expected revenue growth may not be sustainable.
July 26, 2021 – After a rocky start last week, investors figured out that the likely economic consequences of the Delta variant won’t be significant nor long lasting. Hopefully, the virus won’t prove us wrong. The big item on the calendar this week is the FOMC meeting, which isn’t likely to be very controversial.
July 23, 2021 – A scary start to the week is ending at possible all-time highs in major averages. Strong earnings, especially from banks, are pointing to a better Q2 than many expected. That being said, narrow leadership points to some concern in the near term.
July 21, 2021 – Bond yields are low because our world is awash with money. As money supply growth recedes and the Fed starts tapering, yields could rise. A lot depends on what corporations and individuals do with excess cash. On the inflation front, while some commodity prices are receding, demand for rents and labor are increasing. It’s hard to buy the Fed’s “transient” argument if rents and wages increase persistently. If inflation becomes enduring, the Fed may have to adjust its plans.
July 19, 2021 – Stocks fell on Friday once again despite strong data on retail sales. Perhaps the biggest issue affecting markets was the acceleration of the Delta variant of Covid-19. In percentage terms, the number of cases in the U.S. continued to climb sharply. There was no better proof of concern than the price action in the stock of vaccine maker Moderna. Last week, its shares rose by almost 20%.
July 16, 2021 – Interest rates dropped again yesterday, but counterintuitively, bank stocks rose while growth stocks suffered. Our “transition” period is sure to continue to confound investors and bring more volatility. We touch on inflation data, margin expansion and market breadth/valuations in today’s note.
July 14, 2021 – The sharp rise in the CPI for June and the Senate Budget Committee’s approval of a $3.25 trillion spending package once again points to a transitional economic moment. Some of the inflationary components may be transitory and the budget proposal is a long way from passing. Change in the macro environment means changes in the investment world as well.
July 12, 2021 – Transitions bring both uncertainty and volatility. We saw that last week in the bond market. Expect more of the same in all financial markets over the next several months as investors digest slowing growth rates, less monetary intervention, and greater regulation.
July 9, 2021 – Stocks took a breather yesterday with losses across the board. Interest rates continue to defy bears with 10-year Treasury yields down nearly 50bps in short order to 1.29% during one of the most bullish economic data sets of our time. The Delta variant and numerous re-lockdowns globally are causing a fresh bout of fear.
July 7, 2021 – Declining interest rates in the second quarter have propelled growth stocks back into a position of leadership. Rates declined again yesterday as stocks fell, but key leaders like Amazon# and Apple# advanced. Can rates decline further? If we look to the past and exclude the panic in the market last spring as the pandemic took hold, it would appear rates are at the low end of their decade-old range. Thus, the sharp rotation from cyclicals to growth stocks may be about to pause should rates find a near-term bottom.

Search this website

Footer

Wealth Management Services

Individuals & Families
Financial Advisors
Institutions & Consultants
Medical & Dental Professionals

Important Links

ADV II & CRS
Privacy Policy

Tower Bridge Advisors, a Philadelphia Wealth and Asset Management firm, is registered with the SEC as a Registered Investment Advisor.

Portfolio Review

Is your portfolio constructed to meet your current and future needs? Contact us today to set up a complimentary portfolio review, using our sophisticated portfolio analysis system.

Contact

Copyright © 2021 Tower Bridge Advisors
Philadelphia Wealth & Asset Management, Registered Investment Advisors

101 West Elm Street, Suite 355
Conshohocken, PA 19428
Phone: 610.260.2200
Toll Free: 866.959.2200

Why Tower Bridge Advisors?
Investment Services
Our Team
Wealth Management
Investment Process
Client Service
News
Market Commentary
Economic Update Videos
Contact