• 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® – CEO
    • Robert T. Whalen – Principal
    • Nicholas R. Filippo – VP, Sales & Marketing
    • Jeffrey Kachel – CFO, Principal & CTO
    • Chad M. Imgrund – Sr. Research Analyst
    • Christopher E. Gildea – Senior Portfolio Manager, Co-Chief Investment Officer
    • Daniel P. Rodan – Sr. Portfolio Mgr.
    • Christopher M. Crooks, CFA®, CFP® – Senior Portfolio Manager, Co-Chief Investment Officer
    • Michael J. Adams – Sr. Portfolio Manager
    • Shawn M. Gallagher, CFA® – Sr. Portfolio Mgr.
  • 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
    • 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 – Principal & CIO
    • Raymond F. Reed, CFA – Principal
    • Robert T. Whalen – Principal
    • Nicholas R. Filippo – VP, Sales & Marketing
    • Jeffrey Kachel – CFO, Principal & CTO
    • 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
    • Become a TBA Advisor
    • Ask a Financial Question
wealth management

Tower Bridge Advisors

August 2023 Economic Update – Towering Deficits and a Ratings Downgrade; Do They Matter?

//  by Tower Bridge Advisors

Webinar, Towering Deficits, Ratings Downgrade

In this video, Tower Bridge Advisors’ Chief Investment Officer Jim Meyer discusses the economic effect of the rising Federal deficit and the unintended consequences that follow. Please watch as Jim provides some perspective on what this means to investors.  

August 2023 Economic Update – Towering Deficits and a Ratings Downgrade; Do They Matter?Read More

April 2023 Economic Update – The Banks, The Economy and Valuation

//  by Tower Bridge Advisors

April 2023 Webinar - Banks, the Economy and Valuation

In this video, Tower Bridge Advisors’ Chief Investment Officer Jim Meyer discusses three key topics impacting investors – Banks, the Economy and Valuation. Please watch as Jim provides some perspective on these topics and gives investors some sense of how to position portfolios for what lies ahead.

April 2023 Economic Update – The Banks, The Economy and ValuationRead More

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 …

February 2022 Economic Update – The New Normal?Read More

December 2021 Economic Update – “2022 Outlook”

//  by Tower Bridge Advisors

December Webinar - Economic Update

In this video, Tower Bridge Advisors’ Chief Investment Officer Jim Meyer discusses the economic outlook for 2022. There are many factors at play; The Fed, interest rates, COVID, supply chain disruption, inflation, etc. Jim sorts through the various issues and suggests how investors should approach portfolio management in the year ahead.  

December 2021 Economic Update – “2022 Outlook”Read More

October 2021 Economic Update – “This time is different – or is it?”

//  by Tower Bridge Advisors

Tower Bridge Advisors October Market Outlook Webinar

In this video titled, “This time is different – or is it?”, Senior Portfolio Manager Chris Crooks addresses the current economic outlook by looking at the parallels between the current pandemic and its economic impact, versus the economic impact of the 1918 Spanish Flu pandemic. History doesn’t always repeat, but sometimes it rhymes.

October 2021 Economic Update – “This time is different – or is it?”Read More

Primary Sidebar

Market Commentary

Sign Me Up!

Latest News

  • November 3, 2025 – The government shutdown makes a lot of headlines but has little long-term economic impact. Expect it to end shortly as public displeasure starts to boil over. For equity investors, the big focus last week was earnings reports from five big tech names. While they all grew their earnings, they didn’t raise the bar which is what’s necessary for further significant gains. Markets rarely decline without reason in Q4, but the bull run since April looks a bit extended in need for at least a temporary pause.
  • October 30, 2025 – The current economy is defined by a deep bifurcation, where a massive, AI-driven capital expenditure boom is fueling record tech profits and a rising stock market for the affluent, even as the lower-income consumer faces a severe affordability crisis marked by rising delinquencies and credit-market stress. This “Tale of Two Consumers” creates a precarious investment landscape, as the tech rally is dependent on a potentially circular and unsustainable spending cycle, while the deteriorating financial health of the broader consumer base presents a significant headwind to the real economy.
  • October 27, 2025 – With President Trump making news overseas, and Canada facing more tariffs, Wall Street will focus on the earnings of five big major tech companies this week. In the short-term, meaning between now and year-end, the prospect of continued solid earnings and lower short-term interest rates should keep stocks moving higher. But there are always warning signs. The biggie is debt. Too much debt burst the balloon in 1929 and again in 2008, the two biggest calamities of the last century. Debt levels aren’t quite threatening yet but they are moving in the wrong direction and bear watching.
  • October 23, 2025 – This is a significant week in Back to the Future movie lore. The famous time-travel movie of 1985 highlighted a trip back 30 years and also ahead 30 years. Predictions of future technology are notoriously off the mark, but the pace of technological innovation continues to drive economic growth today. Markets may be taking a breather from new highs recently, but corporate earnings reports have been generally positive, and the near-term future is not as bleak as once thought.
  • October 16, 2025 – The current surge in AI data center spending, estimated at $400 billion for 2025, creates immense financial pressure, as the annual depreciation costs alone significantly outpace projected industry revenues. Without exponential revenue growth to justify these expenditures, the AI sector risks repeating historical capital destruction cycles seen in previous technology bubbles.
  • October 9, 2025 – Tariffs were raised this year significantly, but corporate earnings have been coming through surprisingly strong. The U.S. Government shutdown enters its second week, though overall economic growth continues. Inflation has been stuck above the Fed’s preferred level of 2% and unemployment remains relatively low, although the Federal Reserve has embarked on an interest rate easing cycle. Stock markets around the globe have reached record highs, but so has the price of gold, a typically safe-haven investment. If it feels like an episode of the Twilight Zone, you are not alone.
  • October 6, 2025 – As long as earnings growth continues and the 10-year Treasury yield stays within the recent two-year range, the bull run for stocks should continue. The government shutdown news occupies media attention but not on Wall Street, at least until there are significant economic consequences. Ultimately, the ACA subsidies will be extended in some fashion because taking money away from voters can be politically expensive, especially for the party in power. Extending the subsidies will expand deficits but higher income and capital gains taxes will be an offset, at least this year and next.
  • October 2, 2025 – The stock market hit a record high yesterday—despite the government shutdown—which is a testament to the powerful influence of AI, creating a speculative frenzy that masks a cooling labor market and two-tiered, consumer-driven economy. This dichotomy poses a significant risk, making a disciplined and diversified investment strategy essential.
  • September 29, 2025 – AI is deemed by many to be the biggest economic game changer since the invention of the airplane. Maybe so, but PCs, the Internet and the iPhone didn’t move the productivity needle in any discernable way over the past 50 years. No doubt, AI will make us smarter, and some of us more economically productive. But before labeling the next decade as the golden age of productivity, we need to see some evidence of noticeable change. Universal adaptation of AI as a core business process is likely to be expensive and more time consuming than optimists suggest. In the meantime, our economy will continue to grow the old-fashioned way at the old-fashioned pace. That’s not so bad.
  • September 25, 2025 – Fed Chairman Powell noted this week that while equity prices are “fairly highly valued,” this is not a time of elevated financial stability risks. While the U.S. accounts for the majority of the largest companies in the world, our trading partners are also dealing with tariff impacts, inflation, economic growth and interest rate policy setting. The escalators at the United Nations may be glitching, but the U.S. economy, corporate earnings and equity markets around the world have continued to trend higher with a few bumps along the way.

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 © 2025 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