Thoughts On The Current Environment
From Ralph Segall, Chief Investment Officer
3Q 2019 Newsletter
In this edition of our newsletter, we develop two related themes. First, if we view the action of the stock market over the last year and a half in two equal parts, what we find is a different pattern to what has occurred of late, which appears to be more consistent with what the economy is really like. The second theme has to do with stock market exuberance, low interest rates and the flow of liquidity by the central banks into the global economy. We suggest the central banks may have unwittingly created a financial opioid-like addiction to easy money and discuss what the risks of that addiction are to the financial markets. We hope you find this edition of our newsletter thought-provoking.
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Featured Insights
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What You Should Know: New Retirement Legislation
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Have You Written "the Letter"?
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Tax Considerations for 2019
A summary of common tax items that may impact individuals in 2019.
Thoughts On The Current Environment
2Q 2019 Newsletter
Ralph Segall, our Chief Investment Officer, shares his thoughts on some of the broader influences on the markets over the past quarter.