• 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

wealth management

  • Why TBA?
    • Why Tower Bridge Advisors?
    • FAQs
  • Who We Serve
    • Individuals & Families
    • Financial Advisors
    • Institutions & Consultants
  • People
    • James M. Meyer, CFA® – Chairman of the Board
    • Nicholas R. Filippo – Principal, Chief Marketing Officer
    • Jeffrey Kachel – Principal, Portfolio Manager, CFO, CTO & CCO
    • Chad M. Imgrund – Sr. Research Analyst
    • Christopher E. Gildea – CEO, Senior Portfolio Manager
    • Daniel P. Rodan – Sr. Portfolio Mgr.
    • Christopher M. Crooks, CFA®, CFP® – Chief Investment Officer, Senior Portfolio Manager
    • Michael J. Adams – Sr. Portfolio Manager
    • Shawn M. Gallagher, CFA® – Sr. Portfolio Mgr.
    • Tom Blair – Qualified Plan Advisor, Portfolio Manager
  • Wealth Management
    • Factors to Consider When Choosing a Wealth Management Firm
  • Process
    • Financial Planning
    • Process – Equities
    • Process – Fixed Income
  • Client Service
  • News
    • Market Commentary
  • Video
    • Economic Updates
  • Contact
    • Become A TBA Advisor
    • Ask a Financial Question
  • We are looking to add advisors to our team. Click here to learn more!
  • We are looking to add advisors to our team. Click here to learn more!
  • Click to Call: 610.260.2200
  • Send A Message
  • Why TBA?
    • Why Tower Bridge Advisors?
    • FAQs
  • Services
    • Individuals & Families
    • Financial Advisors
    • Institutions & Consultants
  • People
    • James M. Meyer, CFA – Chairman of the Board
    • Nicholas R. Filippo – Principal, Chief Marketing Officer
    • Jeffrey Kachel – Principal, Portfolio Manager, CFO, CTO & CCO
    • Chad M. Imgrund – Sr. Research Analyst
    • Christopher E. Gildea – CEO, Senior Portfolio Manager
    • Daniel P. Rodan – Sr. Portfolio Mgr.
    • Christopher M. Crooks, CFA®, CFP® – Chief Investment Officer, Senior Portfolio Manager
    • Michael J. Adams – Senior Portfolio Manager
    • Shawn M. Gallagher, CFA® – Sr. Portfolio Mgr.
    • Tom Blair – Qualified Plan Advisor, Portfolio Manager
  • Wealth Management
  • Our Process
    • Financial Planning
    • Process: Equities
    • Process – Fixed Income
  • Client Service
  • News
    • News & Resources
    • Market Commentary
  • Videos
    • Economic Updates
  • Contact
    • Become a TBA Advisor
    • Ask a Financial Question
wealth management

February 2022 Economic Update – The New Normal?

//  by Tower Bridge Advisors

In this video, Jim Vogt, Co-Chief Investment Officer of Tower Bridge Advisors, discusses the outlook for the markets in the months ahead. Inflation and Fed tightening are front and center issues, but supply chain, corporate earnings and now the Russian invasion of Ukraine will have a major impact as well. What will the New Normal look like?

 

 

Tower Bridge Advisors manages over $1.3 Billion for individuals, families and select institutions with $1 Million or more of investable assets. We build portfolios of individual securities customized for each client's specific goals and objectives. Contact Nick Filippo (610-260-2222, nfilippo@towerbridgeadvisors.com) to learn more or to set up a complimentary portfolio review.

# – This security is owned by the author of this report or accounts under his management at Tower Bridge Advisors.

Additional information on companies in this report is available on request. This report is not a complete analysis of every material fact representing company, industry or security mentioned herein. This firm or its officers, stockholders, employees and clients, in the normal course of business, may have or acquire a position including options, if any, in the securities mentioned. This communication shall not be deemed to constitute an offer, or solicitation on our part with respect to the sale or purchase of any securities. The information above has been obtained from sources believed reliable, but is not necessarily complete and is not guaranteed. This report is prepared for general information only. It does not have regard to the specific investment objectives, financial situation or the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed in this report and should understand that statements regarding future prospects may not be realized. Opinions are subject to change without notice.

Filed Under: Economic Updates, Video Tagged With: Economic Update 2022, Inflation expectations, Jim Vogt, market outlook, Philadelphia Wealth & Asset Management, portfolio management, Tower Bridge Advisors

Previous Post: « January 10, 2022 – If there was a message last week, it was that speculative fever is dissipating as the Fed winds down its pace of bond purchases. No one knows when the purging of speculation will end but it probably will be with a thud, not a whimper. Market rotation to financials, industrials and energy names suggests the economy continues to thrive despite Omicron. The rotation can go a bit farther. The high growth sector got very overpriced, outpacing cyclical and value stocks for years, and it could take several more months for the rotation to run its course, allowing for some intermittent bounces and reversals. The overall market is down only modestly as the speculative fringes blow apart.
Next Post: March 7, 2022 – While the war outcome continues down a path leading to a Russian occupation of Ukraine, the economic costs are becoming both starker and more apparent. Gasoline prices are rising close to $0.50 per week. If anything, the pace is accelerating. Wheat, aluminum, copper and palladium are spiking as well. These root commodity price increases will flow into a massive array of products. Inflation is quickly becoming more supply constrained than demand driven. The Fed’s weaponry can’t increase supply. »

Primary Sidebar

Market Commentary

Sign Me Up!

Latest News

  • June 3, 2026 – While undisciplined investors set their capital on fire chasing the AI hype machine, Berkshire Hathaway’s multi-billion-dollar maneuvers prove that the greatest investment edge right now isn’t a smarter algorithm—it’s basic sanity.
  • May 27, 2026 – While today’s highly profitable AI leaders are structurally superior to the speculative firms of the 2000 dot-com boom, the market’s extreme concentration poses a severe valuation risk for retirees, making disciplined diversification essential before momentum shifts.
  • May 20, 2026 – Memorial Day travelers do not appear to be deterred by higher gasoline prices. Higher fuel prices are eating into travel-related company earnings, but bookings for cruises, hotels and air travel are up over last year. Consumer-related companies reporting earnings this week do not suggest any major changes in consumer spending trends short term.
  • May 13, 2026 – Amazon# is rolling out 30-minute delivery in certain cities in the U.S. That is less time than it takes to get a pizza delivered in many locales. While some everyday conveniences are getting faster and productivity is improving, some things are taking longer, such as mail delivery and passenger train service. AI is speeding up information gathering and analysis, but infrastructure bottlenecks are arising there too.
  • May 6, 2026 – April’s record rally proved that the AI infrastructure boom is the market’s new engine, yet with interest rate expectations shifting from cuts to hikes, the stage is set for a volatile mid-year collision between parabolic momentum and economic reality.
  • April 29, 2026 – The movie Cliffhanger, starring Sylvester Stallone, delves into the risks of mountain climbing, but also the rewards of navigating picturesque peaks and valleys. Similarly, there are a number of cliffhangers that we have yet to see resolved, including the Middle East conflict, a new Federal Reserve Chief confirmation, Fed actions on interest rates, and major technology earnings reports. Markets appear to be looking through the valley for now, although major risks still remain. Stock market futures are ascending cautiously this morning.
  • April 22, 2026 – Global markets are currently locked in a standoff, scaling record highs on AI-driven optimism while the closure of the Strait of Hormuz fundamentally rewires the world’s energy architecture. It is a precarious balance where the “buy the dip” muscle memory of the last two decades is being tested against a structural supply shock that no algorithm can easily solve.
  • April 15, 2026 – Today is Tax Day, marking the deadline for individuals to file 2025 federal income tax returns or request an extension. Tax refunds are averaging higher in 2026 compared to last year, with April IRS data showing an average refund up over 10%. That additional stimulus may be offset by higher gasoline and energy prices in the short run. However, markets rebounded strongly this week based upon hopes for an end to the Middle East conflict and a return of Magnificent Seven buying. Stock market futures are indicated flattish this morning/
  • April 8, 2026 – The U.S. economy is reaching a tipping point as many families exhaust their savings and lean on record-high credit card debt to cover the rising cost of energy. While the wealthy remain shielded by their assets, average households face a “K-shaped” squeeze that makes a conservative investment strategy with some exposure to energy more critical than ever.
  • April 1, 2026 – Markets rebounded strongly yesterday on the last day of the first quarter based upon hopes for an end to the Middle East conflict. Most sectors bounced solidly, except for utilities and energy, which had previously posted robust gains. While stock market indices had been skimming into correction territory recently, the S&P 500 posted its biggest one-day gain yesterday since last May. Stock market futures are indicated higher this morning.

Footer

Wealth Management Services

  • Individuals & Families
  • Financial Advisors
  • Institutions & Consultants

Important Links

  • ADV Part 2 & 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 © 2026 Tower Bridge Advisors

Philadelphia Wealth & Asset Management, Registered Investment Advisors

300 Barr Harbor Drive
Suite 705
West 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