April 2022 Market Outlook

Market Outlook The economic storm clouds on the horizon reported in the news and on social media conjure up the metaphor of “storm watching” when allocating assets in today’s financial markets.  Erik Larson’s historical novel, Isaac’s Storm:  A Man, A Time, and the Deadliest Hurricane in History, recounts the failed forecasting and monitoring of the…

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January 2022 Market Outlook

Market Outlook We expect 2022 to be a very interesting year from a markets perspective, primarily because the Fed has the unenviable task of taming, what has turned out not to be, “transitory inflation.”  Inflation, as measured by the consumer price index, came in at 7% in 2021 which is the highest recorded level since…

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October 2021 Market Outlook

Market Outlook Do you think Milton Friedman is regaining some respect at the Federal Reserve and among Modern Monetary Theorists as the +30% rise in M2 appears to be fueling an increase in inflation?  Our January 2021 Cassia Capital Partners newsletter led with a shout out about M2 growth and the linkage between liquidity and…

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July 2021 Market Outlook

Market Outlook Although we are returning to normalcy in our daily routines, resuming travel for summer holidays, and hopefully putting COVID-19 lockdowns behind us, it is worth noting that our current economic recovery is anything but normal.  Thankfully, growth in the United States and globally is surging in somewhat of a synchronized manner as we…

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April 2021 Market Outlook

Market Outlook The financial markets are floating in a “sea of liquidity” these days, enjoying the calming effects of low interest rates, low inflation, mobility returning to the economy, COVID vaccinations, and corporate earnings rocking analyst forecasts.  Furthermore, GDP forecasts for the US this year are in the +6% to +7% range.  Fed Chairman Jay…

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January 2021 Market Outlook

Market Outlook In 1992 James Carville was credited with coining the phrase “it’s the economy, stupid” to highlight a key factor driving opinion in the Presidential election of that year. In a similar fashion for 2021, one might summarize the primary factor impacting financial markets as “it’s all about the liquidity.” While this is an…

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October 2020 Market Outlook

Market Outlook If you visit our local Smith Reynolds airport (KINT) in Winston Salem, you will see over 27 American and United 737 and 757 jets parked on Runway 4 – 22.  These aircraft are just a tiny portion of all commercial jets “mothballed” at airports around our country resulting from the extraordinary drop in…

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July 2020 Market Outlook

Market Outlook Our team has experienced the 1987 Black Monday crash (equities down -20% to -29% in one day); the October 13th mini-crash (U.S. equity markets down -6% to -7% in 1989); the 1997-98 Asian and Russian debt crises which resulted in the blowup of Long-Term Capital Management; and the 2008 sub-prime credit financial crisis…

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April 2020 Market Outlook

Market Outlook These are historic times in both the financial markets and our daily lives.  The jarring images from New York City and Milan – to name two hot spots impacted by the COVID-19 – and the rising death count impact not only the markets but each of us as individuals.  Trade, travel, and capital…

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January 2020 Market Outlook

Market Outlook What an amazing unexpected year of performance in 2019! Was the 2018 Tax Cut and Jobs Act a gift which kept giving in 2019? While that may be a difficult question to quantify, we are clearly seeing the powerful tailwinds of low interest rates, low inflation, accommodative monetary policy, and sustained GDP growth.…

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