2020

Market Outlook If you visit our local Smith Reynolds airport (KINT) in Winston Salem, you will see over 27 American and United 737 and 757 jets parked on Runway 4 – 22.  These aircraft are just a tiny portion of all commercial jets “mothballed” at airports around our country resulting from the extraordinary drop in…

Market Outlook Our team has experienced the 1987 Black Monday crash (equities down -20% to -29% in one day); the October 13th mini-crash (U.S. equity markets down -6% to -7% in 1989); the 1997-98 Asian and Russian debt crises which resulted in the blowup of Long-Term Capital Management; and the 2008 sub-prime credit financial crisis…

Market Outlook These are historic times in both the financial markets and our daily lives.  The jarring images from New York City and Milan – to name two hot spots impacted by the COVID-19 – and the rising death count impact not only the markets but each of us as individuals.  Trade, travel, and capital…

Market Outlook What an amazing unexpected year of performance in 2019! Was the 2018 Tax Cut and Jobs Act a gift which kept giving in 2019? While that may be a difficult question to quantify, we are clearly seeing the powerful tailwinds of low interest rates, low inflation, accommodative monetary policy, and sustained GDP growth.…