Investment Insights Podcast: Despite the number of headlines last week, markets proved their resilience

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Andrew Rosenberger, CFA, Senior Investment Manager

 

On this week’s podcast (recorded April 10, 2017), Andy discusses sentiment, job growth, and earnings season.

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Quick hits:

  • Despite the number of headlines last week (Syria, China, France, Jobs), markets proved their resilience by finishing the week flat.
  • Sentiment has come down from peak optimism seen in February.
  • Despite the weakness in the headline number, the underlying trends in job growth continue to be favorable.
  • Earnings season kicks off this week with Financials being the first group up.  Investors are looking for comments on loan growth & loan demand.
  • We continue to favor an overweight to risk assets within our discretionary portfolios.

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

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: Three things we’ve learned in the first quarter of this year

Jeff Raupp, CFARaupp_Podcast_Graphic, Director of Investments

On this week’s podcast (recorded April 3, 2017), Jeff discusses three things we’ve learned in the first quarter of this year.

 

Here are some quick hits before you have a listen:

  • While the administration’s policies are still considered bullish for stocks, the road to implementation will be a bumpy one.
  • We remain in the second half of the business cycle.
  • A rising Fed funds rate does not mean get out of emerging markets.

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For Jeff’s full insight, click here to listen to the audio recording.

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: A quick review of the markets last week and our outlook


Leigh Lowman
, Investment Manager

On this week’s podcast (recorded March 24, 2017), Leigh provides a quick review of the markets last week and reaffirms our outlook.

Quick hits:

  • After notably strong performance for the first two months of the year, risk assets sold off last week with the S&P 500 declining over 1% on Tuesday, the first 1% drop since October 2016.
  • Month to date through Thursday, March 23rd, the S&P 500 is down -0.6% and areas of the market are beginning to show signs of consolidation.
  • Despite the recent market pullback, we remain positive on risk assets over the intermediate term.
  • We expect higher volatility to continue as policies under the new administration and actions of central banks continue to unfold.

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

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: What a difference Fed meeting can make

Chris HartHart_Podcast_338x284, Senior Vice President

On this week’s podcast (recorded March 17, 2017), Chris discusses how the recent Fed rate hike has impacted the markets.

 

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Quick hits:

  • Markets moved higher across the board which was a reversal from the flat to down trend that was in place for the last few sessions.
  • Most institutional investors do not have expectations of recession over the near term.
  • The economy continues to strengthen and we believe the case remains to be constructive on risk assets over the intermediate term.
  • Rates are still low by historic standards and even with the increase, the road to interest rate normalization will be long.
  • We continue to believe that a modest overweight to risk is prudent over the intermediate term, and as a result are not planning material changes to portfolio positioning at this point in time.

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

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: It feels like the markets can do nothing but go straight up

Goins_PodcastAndrew Goins, Investment Manager

On this week’s podcast (recorded March 3, 2017), Andrew provides an update on key asset classes. Quick hits:

  • The market had gone 55 trading days without a plus or minus 1% move, which is the 18th longest streak since 1950.
  • Within Domestic equity markets, we’ve seen a shift in leadership from energy and financials in the 4th quarter to health care and technology.
  • International markets have also participated in the market rally so far in 2017, with the MSCI EAFE Index, a proxy for international developed markets, up 4.80%
  • Within Fixed Income, we’ve seen more volatility as the yield on the 10-year treasury has occulated between 2.32% and 2.51%, but interestingly is currently only 2bps higher than where we started at the beginning of the year.
  • We are keeping a close eye on many economic indicators and the rhetoric coming out of Washington, as well as the underlying company fundamentals.

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

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: Five things that I learned this week

Rosenberger_PodcastAndrew Rosenberger, CFA, Senior Investment Manager

On this week’s podcast (recorded February 24, 2017), Andy discusses some of the facts, figures, and interesting tidbits we come across.

 

 

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Quick hits:

  • A recent report from the NAHB shows that 78% of home builders report cost and availability of labor as a significant issue.
  • The state with the highest gasoline tax is: Pennsylvania @ 58.2 cents per gallon. Alaska has the lowest tax @ 12.25 cents per gallon.
  • Americans now drive nearly 264 billion vehicle miles per month.
  • The National Safety Council reports vehicle related deaths were up 14% from 2 years ago.
  • Cocoa prices are down 40%.

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

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: Where markets go from here now that they’ve rallied post-election

Jeff Raupp, CFARaupp_Podcast_Graphic, Senior Vice President

On this week’s podcast (recorded February 17, 2017), Jeff discusses some measures that we think are important to look at to determine where markets go from here now that they’ve rallied post-election. Here are some quick hits before you have a listen:

 

  • Market expectations are that the new administration’s policies will be pro-business and pro-growth, which has been driving prices up.
  • We want to see indications that the growth is real, that earnings will eventually justify current valuations.
  • Corporate confidence measures have risen dramatically in the last two months.
  • The NFIB Small Business Optimism Index is the second highest its been in the last 30 years.

For Jeff’s full insight, click here to listen to the audio recording.

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: A quick review of January markets

Leigh Lowman, Investment Manager

On this week’s podcast (recorded February 10, 2017), Leigh provides a review of January markets. Quick hits:

  • Markets were overall off to a good start in 2017 as risk assets posted modest gains for the month.
  • The S&P 500 was up 1.9% for the month.
  • International equities were also a positive as economic data in the European Union pointed to signs of a modest recovery.
  • Fixed income ended the month slightly positive.
  • Overall, we remain positive on risk assets over the intermediate term as we find a number of factors currently supportive of the economy and markets.

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

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 4th best in terms of return, and the 2nd longest in terms of duration

Hart_Podcast_338x284Chris Hart, Senior Vice President

On this week’s podcast (recorded February 3, 2017), Chris talks about the recent choppiness of the markets and how most major averages continue to trade near their highs.

Quick hits:

  • From an equity perspective, markets have been unsteady recently given uncertainty surrounding the new administration’s policy implementation and agenda which have stirred up more volatility.
  • We believe there is room to move higher because there are not too many traditional indictors that are flashing red at this point in time.
  • Developed markets and emerging markets have posted slight declines recently, but EM rebounded form a weak 4Q and is outperforming developed markets year to date in 2017.
  • The aggregate bond index has performed in line with high yield recently, but High yield remains well ahead of the aggregate index year to date.
  • Overall, we believe the opportunity ahead for risk assets in 2017 is positive, but we remain mindful of increasing macro and geopolitical uncertainties.

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

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: While we feel the weight of the evidence leans positive, risks remain

magnotta_headshot_2016Amy Magnotta, CFASenior Investment Manager, Brinker Capital

On this podcast (recorded January 31, 2017), Amy discusses Brinker’s outlook over the short-term and intermediate-term.

  • The recent actions of President Trump have resulted in an increase in short-term political risk.
  • As we’ve seen before, new presidents typically struggle to get their footing early on in their administration and equities tend to be weaker in February as a consequence.
  • Because of the short-term impact of the negative headlines, Trump may have to spend down some of his political capital now, which could impact his ability to get his full agenda passed in the future.
  • Our view remains constructive on risk assets in the intermediate term.

Click here to listen to the full podcast.

Source: Brinker Capital. Views expressed are for informational purposes only. Holdings subject to change. Not all asset classes referenced in this material may be represented in your portfolio. Indices are unmanaged and an investor cannot invest directly in an index. All investments involve risk including loss of principal. Fixed income investments are subject to interest rate and credit risk. Foreign securities involve additional risks, including foreign currency changes, political risks, foreign taxes, and different methods of accounting and financial reporting. Brinker Capital Inc., a Registered Investment Advisor.