• 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
    • Medical & Dental Professionals
  • People
    • Maris A. Ogg, CFA® – President
    • James M. Meyer, CFA® – Principal & CIO
    • Robert T. Whalen – Principal
    • Nicholas R. Filippo – VP, Sales & Marketing
    • Jeffrey Kachel – CFO, Principal & CTO
    • James T. Vogt – Senior Portfolio Manager
    • Chad M. Imgrund – Sr. Research Analyst
    • Christopher E. Gildea – Sr. Portfolio Mgr.
    • Daniel P. Rodan – Sr. Portfolio Mgr.
    • Paul M. Mecray, III – Managing Director
    • Christopher M. Crooks, CFA®, CFP® – Senior Portfolio Manager
    • Michael J. Adams – Senior Portfolio Manager
  • Wealth Management
    • How to Select the Best Wealth Management Firms
  • Process
    • Financial Planning
    • Process – Equities
    • Process – Fixed Income
  • Client Service
  • News
    • Market Commentary
  • Video
    • Economic Updates
  • Contact
  • Click to Call: 610.260.2200
  • Send A Message
  • Why TBA?
    • Why Tower Bridge Advisors?
    • FAQs
  • Services
    • Individuals & Families
    • Financial Advisors
    • Institutions & Consultants
    • Medical & Dental Professionals
  • People
    • Maris A. Ogg, CFA®
    • James M. Meyer, CFA – Principal & CIO
    • Raymond F. Reed, CFA – Principal
    • Robert T. Whalen – Principal
    • Nicholas R. Filippo – VP, Sales & Marketing
    • Jeffrey Kachel – CFO, Principal & CTO
    • James T. Vogt – Senior Portfolio Manager
    • Chad M. Imgrund – Sr. Research Analyst
    • Christopher E. Gildea – Sr. Portfolio Mgr.
    • Daniel P. Rodan – Sr. Portfolio Mgr.
  • Wealth Management
  • Our Process
    • Financial Planning
    • Process: Equities
    • Process – Fixed Income
  • Client Service
  • News
    • News & Resources
    • Market Commentary
  • Videos
    • Economic Updates
  • Contact
wealth management

September 2020 Economic Update: Can There Ever Be Too Much Money?

//  by Tower Bridge Advisors

The Fed has announced their intent to keep interest rates low for the foreseeable future. As a result, the investment markets continue to gain ground while the pandemic continues to do damage to certain sectors of the economy. In this video, our Chief Investment Officer, Jim Meyer, provides insight regarding the long term impact of the Fed’s low interest rate policy.

Additional information is available upon request.

# – 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: COVID-19 impact on economy, Economic Recovery, Economic Update, Fed’s low interest rate policy, inflation, market outlook, Pandemic accelerating existing market trends, Rising government debt, Tower Bridge Advisors, wealth management

Previous Post: « July 2020 Economic Update – Looking Ahead in a Diseased World
Next Post: October 2, 2020 – President Trump and First Lady Melania test positive for Covid-19. Stimulus package negotiations continue. The labor market continues its slow recovery while the values of homes and financial assets like stocks and bonds have rebounded strongly. The long-term consequences of the government stimulus and extraordinarily low interest rates remain unclear. »

Primary Sidebar

Market Commentary

Sign Me Up!

Latest News

  • February 26, 2021 – Markets suffered across the board yesterday as yields spiked around the globe. Inflation fears are taking hold for now. Higher rates lead to lower P/E’s. Your favorite growth stocks are finally getting cheaper. Picking winners from here isn’t as easy as it was last summer.
  • February 24, 2021 – Rising rates have led to market rotation. There are few signs this is ending anytime soon. In fact, as the pace of rate increases rises, the rotation is accelerating. Momentum investors got spanked yesterday morning. Relief came when Fed Chair Powell said rates will stay low for longer. But they won’t stay low forever. Valuations, in the end, always matter.
  • February 22, 2021 – The biggest factor this morning is the ongoing rise in 10-year bond yields. Higher yields mean lower P/Es for stocks. They impact growth stocks more than value names. As the economy recovers in a rising rate environment, watch for better relative performance from value sectors and a sharp headwind to excessive speculative activity.
  • February 17, 2021 – The steady rise in long rates is applying some pressure to valuation. But speculative fever, in a world where monetary and fiscal policy remain highly stimulative, continues to overwhelm corners of the market. Hence, stocks take a breather while Bitcoin continues to fly.
  • February 12, 2021 – Another slow day for the major averages with minimal change. However, under the surface there continues to be some wild action, this time in the cannabis area. Speculation is here but contained so far to a few select areas.
  • February 10, 2021 – The economy is gaining momentum as virus counts fade. While the media raises fears of new mutations, the facts are that the virus is fading, and life will continue to move back in the direction of normal. With money still pouring in from both the Fed and Congress, firepower for a further move up in the stock market remains in place. However, speculative fever is rising as well. Investors need to be watchful and separate true fundamental strength from fantasy.
  • February 8, 2021 – As the short squeeze fervor subsides, stocks once again focus on an improving economy. Congress is close to finalizing another large spending bill, only partly aimed as a pandemic response. Friday’s employment report showed that the economy is still not running on all cylinders. But too much money is feeding speculation in financial markets that most should find concerning.
  • February 5, 2021 – Markets are slowly getting back to what matters most, earnings. This past quarter was solid and expectations are ramping up for 2021. Post-Covid, the future is bright, but how much upside is left?
  • February 3, 2021 – The storyline yesterday was simple. The GameStop short squeeze saga faded, and investors (as opposed to speculators) celebrated. The market had one of its best days in months for all but the GameStop investors.
  • February 1, 2021 – The current short squeezes aren’t the problem, but rather, a symptom of the problem. The Fed keeps pumping $5+ billion of money every day into a market already saturated. More demand simply raises both prices and speculative fever. Whether it is the price of Peloton’s stock, Bitcoin, your favorite SPAC or GameStop, the bubbles will continue to emerge until central banks stop feeding them.

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