In this commentary we discuss the very weak performance for both equities and fixed income for 2022 thus far, our thoughts on the Federal Reserve and its rate hiking campaign, our belief that corporate earnings estimates for 2023 are too rosy, thoughts on an economic recession, and our views that valuations have come down enough
Read MoreIn this commentary we discuss the very weak first half results for both US equities and fixed income along with the large increase in volatility that has accompanied the declines. We write about our thoughts on the slowing economy and the chances of a recession along with what that could mean for financial assets. We
Read MoreIn this commentary we discuss the higher volatility in the recent quarter along with the large spike in energy prices, the Russian invasion of Ukraine, downward pressures on growth with simultaneous upward pressure on inflation, and why we believe investors should hold fixed income despite the worst quarterly performance for bonds in 42 years. Please
Read MoreTandem Investment Partners proudly announces that Caleb Lennon has joined the firm as Director. Lennon will work with Wealth Manager Barbara Tweedy to expand the firm’s focus on tax-qualified retirement plans as well as a group of private clients. Lennon, a resident of Prescott, Arizona, was on a team that managed over $2 billion in
Read MoreIn this commentary we discuss the increase in volatility towards year end 2021 due to concerns over the Omicron variant, the Fed’s about face on interest rate hikes due to persistent inflationary pressures and why we believe inflation will begin to subside as we move through 2022. Please read the full 2021 Q4 Market Commentary
Read MoreIn this commentary we discuss the financial markets uneven performance during the third quarter, continued strong economic growth that is projected to last through 2022, the Fed’s impending tapering of its bond buying program, modest inflationary concerns and the usual Washington disorder that has led to higher volatility in recent weeks. Please read the full
Read MoreIn this commentary we discuss the extremely robust economic environment, significant increases in corporate earnings estimates and the continued strength in US equities. We also write about our concern that the Federal Reserve may wait too long before reducing its prodigious levels of monetary stimulus. Read the full 2021 Q2 Market Commentary for more…
Read MoreIn this commentary we discuss the sharp rise in longer-term interest rates, the continued move higher in equity prices, and the significant improvement in economic forecasts for 2021. We also touch on increasing signs of speculation in some areas of the market along with our belief that equity prices will not match earnings growth in
Read MoreIn this commentary, we discuss the strength in US equity markets since the March lows, the improving economic environment, helped along by the vaccine release, and the policy changes we expect following the recent elections. We remain constructive on equity markets in 2021, with the caveat that a good deal of the appreciation based on
Read MoreIn this commentary we discuss the market’s significant strength since the March lows, keeping the recent volatility in perspective, and the challenges the financial markets could face in the coming months. Once again, the economy (and thus financial markets) will depend a great deal on the track of the COVID-19 virus. Read the full 2020
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