Check the background of this firm on FINRA's BrokerCheck

Weekly Market Commentary

The market wanted an excuse to shed some of the froth from the last two months. A strong September Jobs Report provided the catalyst. Due to its strength, speculation fired up that there might not be another Fed rate cut in December. The highest-flying securities sold off the most, which included technology tied to the AI trade. The Dollar rallied even though Treasury yields declined marginally, which pulled down Foreign Equities and Bonds and most Commodities. Overseas, the news was mostly unchanged and did not enter into market sentiment. The S&P 500 ended the week at -1.95% with Foreign Developed at -3.39% and Emerging Markets at -3.71%. In the US, Small Caps outperformed Large Caps and Value bested Growth. Interest and Blend Bonds posted..... (click for more)

Benefits of Tactical

CLIENT-CENTRIC INVESTING: 
UTILIZING TACTICAL MANAGERS TO IMPROVE RISK/RETURN

Characteristics of Client Portfolios

The most common method for building multi-asset portfolios is based on Modern Portfolio Theory (MPT). The biggest issue we have with this approach is that it is not aligned with most investors’ view of risk. MPT utilizes a process that seeks an efficient portfolio with a given level of risk measured by return volatility. This misalignment manifests itself when the market is down 36%, and a portfolio is down 33%. In this case, the manager is patted on the back (receives a bonus) for outperforming their benchmark, and the investor is out 1/3 of their investment…  (click for more)

Monthly Market Commentary

The economy remained in a steady, modest growth mode. Likewise, inflation, while not posting further declines, also is not rising despite ongoing concerns over tariffs. That left the door open for the real driver of the financial markets, a Fed rate cut. Though the 0.25% (aka 25 basis points or 25 bps) reduction was much anticipated, it stoked optimism for further rate cuts. Meanwhile, the momentum trade for artificial intelligence (AI) was boosted by further announcements of planned massive investments in AI capacity. Overseas, Germany showed signs of a continued recovery and Emerging Market inflation remained subdued. The S&P 500 ended the month up a substantial 3.53% with Foreign Developed at 1.96% and Emerging Markets at..... (click for more)