Bradley Williams, Chief Investment Officer Market Commentary

Relentlessly Higher October 20, 2017 Equity markets saw broad-based gains in the third quarter in spite of natural disasters, threats of war, fiscal concerns (such as the debt ceiling debate) and more political turmoil.  Healthy stock gains were seen in the U.S. markets and in most international markets.  The S&P 500 returned 4.5%, the Dow
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Bradley Williams, Lowe Wealth Chief Investment Officer Update

Market Advance Continues July 20, 2017 Equity markets advanced further in the second quarter, although not to the degree as in the first quarter. Gains were again rather broad-based as most asset classes and global regions saw appreciation. The most notable exception was the energy complex as oil declined more than 15% during the quarter.
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Anirban Basu’s Mid-Year Economic Update

Quarterly Economic Update Maryland’s Economic Growth Accelerates Anirban Basu, Sage Policy Group July, 2016 Year-over-Year Job Growth in Maryland has been Terrific State-level job growth data recently arrived for June. They indicate that over the past twelve months, Maryland has added 58,600 jobs. That translates into 2.2 percent employment growth, better than Virginia’s 1.9 percent,
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October 2016 Economic Outlook by Anirban Basu

Quarterly Economic Update for Lowe Wealth Advisors By Anirban Basu, Sage Policy Group Predictions of Growth Fall Short   U.S. and World Economies Remain Soft in 2016 Coming into 2016, many economists believed that the global economy was poised for a mini-resurgence and that the U.S. economy would approach a 3.0 percent rate of growth. 
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Market Comments Regarding Brexit

Bradley Williams Chief Investment Officer Friday 06-24-2016 (12:00pm) Markets around the world are responding sharply lower following the unexpected vote by the British to leave the European Union (EU) – frequently referred to as Brexit. We felt it important to share with you our preliminary thoughts on the developing situation. We have been preparing for this
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Anirban Basu Economic Outlook April, 2016

  U.S. Equity Markets Ascend, Economy not so Much Written by Anirban Bassu, Sage Policy Group   Asset Prices Rise Even as Economic Growth Remains Lackluster   In 2015, the U.S. economy expanded 2.4 percent.  That was precisely the same rate of growth achieved in 2014.  The U.S. economy continues to fall short of rates
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Market Notes March 17, 2016

Will Aggressive Central Bank Policy Finally Stoke Inflation? The last seven days have busy ones for central bankers with all of the big three – Japan, Europe and the U.S. – holding meetings with resultant outlook revisions, and in the case of the European Central Bank (ECB), further policy change.  The details are complex and
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December 15 Market Comments

Once again the markets are seeing a surge in volatility, this time centered on further declines in commodity prices and growing risks among high-yield securities. Additionally, everyone is watching the Fed as they are poised to implement the first rate increase since June 2006 and at least partially unsure as to what that will mean
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Fed Decision Comments

Yet again the Fed has found reasons to not move rates from the current zero-bound 0 – 0.25% target range.  While the market was increasing leaning to this expectation going into the afternoon announcement, a few new details were revealed in the announcement and following press conference. Sources of caution center primarily on the recent
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China Selling U.S. Debt?

Stories are circulating (Bloomberg) about China selling some of its holdings of U.S. treasury debt.  The actions are being taken to raise capital to support the Yuan after the initiative devaluation steps.  China holds an estimated $1.5 trillion of U.S. treasury debt and total foreign holdings are estimated to be close to $3.7 trillion. More
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