Investment Insights Podcast: November 2018 market and economic outlook

Leigh Lowman, CFA, Investment Manager

On this week’s podcast (recorded November 9, 2018), Leigh provides a brief review of the October markets.

 

Quick hits:

  • It was a rough start to the fourth quarter as increasing concerns over the “wall of worry” led to risk assets suffering a sharp drawdown in October.
  • Despite these negatives, US fundamentals remained solid with third quarter US real GDP growth coming in at 3.5% and unemployment at a record low.
  • The S&P 500 Index was down -6.8% for the month, bringing the year to date gain down to 3.0%
  • Developed international equities, as measured by the MSCI EAFE Index, were down -8.0% for the month and -8.9% year to date.
  • The Bloomberg Barclays US Aggregate Index was down -0.8% for the month and is down -2.4% year to date.
  • Despite the October sell-off in equity markets, we remain positive on risk assets over the intermediate term.

Listen_Icon  Listen to the abbreviated audio recording.

Read_Icon  Read the full November Market and Economic Outlook.

 

market outlook (11)

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a registered investment advisor.

 

Vlog – Putting pullbacks in perspective

Tim Holland, Brinker Capital’s Global Investment Strategist, discusses the importance of putting near-term market performance in perspective before, as always, pivoting back to the fundamentals (recorded November 1, 2018).

Vlog_Image_Nov2018

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a registered investment advisor.

Investment Insights Podcast: Unpleasant, yes; deterioration in fundamentals, no

Amy Magnotta, CFASenior Vice President, Brinker Capital

On this week’s podcast (recorded October 26, 2018), Amy discusses the recent market volatility.

Quick hits:

  • The S&P 500 Index is down -7.6% from its September high, but has not yet reached official correction status.
  • Third quarter earnings have been stellar for the most part.
  • Investors have a number of concerns that are weighing on markets.
  • We continue to believe that the positives outweigh the risks, and we do not see that a recession is imminent.

For Amy’s full insights, click here to listen to the audio recording.

investment podcast (32)


The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a registered investment advisor.

Investment Insights Podcast: October 2018 market and economic outlook

Leigh Lowman, CFA, Investment Manager

On this week’s podcast (recorded October 12, 2018), Leigh provides a brief review of the third quarter markets.

 

Quick hits:

  • Risk assets were mixed for the third quarter with domestic equities outperforming international equities by a large margin.
  • Despite what historically is a challenging quarter from a seasonality perspective, a strong macroeconomic backdrop triggered robust growth within US equities.
  • The S&P 500 Index was up 7.2% for the quarter with all sectors posting positive returns and year-to-date is up 10.6%.
  • Developed international equities, as measured by the MSCI EAFE Index, were up 1.4% for the quarter and down -1.0% year-to-date.
  • The Bloomberg Barclays US Aggregate Index was flat for the quarter and down -1.6% year-to-date.
  • We remain positive on risk assets over the intermediate term, although we acknowledge we are in the later innings of the bull market and the second half of the business cycle.

Listen_Icon  Listen to the abbreviated audio recording.

Read_Icon  Read the full October Market and Economic Outlook.

 

market outlook (oct18)

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a registered investment advisor.

 

Vlog – Quarter End Q&A: 3Q2018

Brinker Capital’s Global Investment Strategist, Tim Holland, asks and answers those questions we think will be top of mind for clients as they open their quarterly statements and think back on the quarter that was:

  1. Can this record bull market continue to run?
  2. Will weakness in emerging market equities spark a bear market here at home?
  3. Will the Fed continue to raise rates and what might that mean for the economy?

3Q18_Thumbnail

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a registered investment advisor.

Investment Insights Podcast: The dreaded yield curve inversion


Andrew Goins
, CFA, Investment Manager

On this week’s podcast (recorded September 24, 2018), Andrew discusses the probability of future Fed rate hikes and the potential impact of the yield curve.

Quick hits:

  • The more highly anticipated event will be the release of the Beige Book following this weeks meetings, which covers everything discussed and includes the widely followed dot plot.
  • We’ve been dealing with a very flat yield curve for much of this year.
  • Everyone is watching closely for the dreaded yield curve inversion, which has been an ominous sign for impending recessions historically.
  • While the curve remains flat, but positively sloped, and with the weight of the evidence leaning positive, our portfolios remain overweight to equities.

For Andrew’s full insights, click here to listen to the audio recording.

investment podcast (2)

This is not a recommendation for Facebook, Amazon, Apple, Netflix and Google. These securities are shown for illustrative purposes only.

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a Registered Investment Advisor.

Vlog – The markets vs. the mid-terms

Tim Holland, Brinker Capital’s Global Investment Strategist, discusses the upcoming Congressional mid-term elections, specifically what party will win the House and the Senate, and how markets might respond once the votes are counted.

 

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a registered investment advisor.

Investment Insights Podcast: September 2018 market and economic outlook

Leigh Lowman, CFA, Investment Manager

On this week’s podcast (recorded September 7, 2018), Leigh provides a brief review of August markets.

 

Quick hits:

  • Despite what historically is a difficult month for markets, US equities finished in strong positive territory and a new record was set for the longest bull market in history.
  • The S&P 500 Index was up 3.3% for the month and has gained 9.9% year to date.
  • Developed international equities as measured by the MSCI EAFE Index were down -1.9% for the month and -1.9% year to date.
  • Emerging Markets Index was down -2.7% for the month and -6.9% year to date.
  • The Bloomberg Barclays US Aggregate Index was up 0.6% for the month with all sectors posting positive returns.
  • The 10-year Treasury yield declined 12 basis points, ending the month at 2.85%, and led to further flattening of the yield curve.

Listen_Icon  Listen to the abbreviated audio recording.

Read_Icon  Read the full August Market and Economic Outlook.

 

market outlook Sept 2018

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a registered investment advisor.

 

Investment Insights Podcast: Markets climbing a wall of worry

Chris HartSenior Vice President

On this week’s podcast (recorded August 30, 2018), Chris discusses the seven bricks that Strategas considers to be the largest in their “wall of worry”.

 

Quick hits:

  • Many believe we are witness to one of the most unloved bull markets of all time.
  • It is important to try and set aside emotion and gut feeling, and instead focus on fundamentals to help guide your decision-making process.
  • Are there plenty of bricks in the wall to worry about? Yes, but fundamentals remain strong and reinforce our belief that markets still have room to move higher.

For the rest of Chris’s insight, click here to listen to the audio recording.

investment podcast (1)

The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a Registered Investment Advisor.

Investment Insights Podcast: Will Turkey topple the global economy?

Tim Holland, CFA, Senior Vice President, Global Investment Strategist

On this week’s podcast (recorded August 24, 2018),
Tim discusses if the economic and market issues in Turkey might serve as catalysts for a global recession and bear market.

Quick hits:

  • The country’s Borsa Instanbul 100 Index is off 22% year to date and its currency, the Lira, has lost half its value against the US dollar.
  • Turkey accounts for 1.5% of the world’s GDP, so the country is a nominal contributor to global growth.

For Tim’s full insights, click here to listen to the audio recording.


investment podcast
The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change. Brinker Capital, Inc., a registered investment advisor.