The Joseph Group

Wealth Notes: Inform

Wealth Notes is a regular digest provided to you: our valued clients and friends. Our goal with each issue of WealthNotes is to provide you with two perspectives on wealth: one that aims to inspire and the other that aims to inform.

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  • Taking a Few Market Vital Signs

    October 4, 2019

    To Inform: To paraphrase the Wizard of Oz, “Impeachment, Iran drone strikes, Recession, oh my!”  The financial markets have been dealing with a lot over the last few months.  The 3rd quarter ended on Monday, and despite the swings, it was a positive quarter for many asset classes and most portfolios.  However, as I’m writing […]

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  • Stocks are Trumping Bonds for Income Investors

    August 29, 2019

    To Inform: With interest rates across the world continuing to decline, a curious thing happened here in the U.S. this week.  The interest rate on a 30-year Treasury, also known as the “long bond” dropped below the dividend yield on the S&P 500. While not unprecedented, stocks paying more in dividend income than the long […]

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  • What’s the Deal with Negative Interest Rates?

    August 23, 2019

    To Inform:  Earlier this week a capacity crowd attended our Portfolios & Pints event and we pulled topics out of a German hat (with a feather in it) to discuss with the audience.  We covered current events such as the inverted yield curve and Chinese currency devaluation as well as big-picture topics such as The […]

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  • Yield Curve Inversion – What’s Next for the Markets?

    August 15, 2019

    To Inform: On Wednesday, for a brief period in the bond market, the interest rate on the 2-year Treasury note was higher than the interest rate on the 10-year Treasury note creating a rare bond market occurrence known as a “yield curve inversion.”  (Note:  yield curve is just a fancy name for a graph of […]

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  • Perspective on Stocks and Bonds in the Midst of a Trade War

    August 9, 2019

    To Inform:  Last week’s “To Inform” piece of Wealthnotes was titled “What a Week in the Financial Markets!” and we could say the same thing about this week.  China’s response to President Trump increasing tariffs last week was to allow their currency, the Yuan, to weaken and to ask Chinese state-owned companies to suspend imports […]

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  • What a Week in the Financial Markets!

    August 2, 2019

    To Inform: Wow, what a week in the financial markets.  This week saw three big market-moving events: 1.  July 31, the Federal Reserve cut interest rates by 0.25% in a move that was widely expected.  Before and after the announcement, the market was generally flat but had a sharp negative reaction during Chairman Powell’s press […]

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  • The World May Not Be Flat, But Earnings Are

    July 26, 2019

    To Inform:  The stock market is currently in the midst of quarterly earnings season.  As of July 25th, 61 companies within the S&P 500 are reporting their earnings for the 2nd quarter, and next week, 160 companies are reporting. So, with the stock market hovering around record highs, earnings growth for U.S. companies must be […]

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  • The Market Says – “Give Me Rate Cuts!

    July 12, 2019

    To Inform: One question I (Travis) get often from people who know what line of work I’m in is “what’s driving the market?”  The financial certifications I studied years ago would suggest the answer to that question should be corporate earnings, cash flows, valuations, and economic growth.  Lately though, the conversations seem to gravitate toward […]

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  • All Eyes on the G20 Summit This Weekend

    June 28, 2019

    To Inform:  This Friday and Saturday, the G20 Summit of world leaders is being held in Osaka, Japan.  President Trump is already in Osaka as this note is being typed and multiple global issues will be discussed including global climate change, North Korea denuclearization, and tensions with Iran. Source:   Perhaps the biggest focus […]

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  • J.P. Morgan’s Wealth Management Conference Re-Cap

    June 14, 2019

    To Inform:  Earlier this week, I (Travis) attended J.P. Morgan’s Wealth Management conference in New York City.  The two-day conference was an opportunity to hear the big picture outlook on markets from J.P Morgan’s Chief Global Strategist, views on asset classes from multiple portfolio managers, and perspectives on how firms like The Joseph Group can […]

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