Federal Reserve and Market Notes

Federal Reserve and Market Notes

On Wednesday the Federal Reserve announced that they would not be adjusting the federal funds rate following their latest meeting.  While the market initially responded to the announcement with a rally due to the prospect of stable rates being constructive for stocks,...
RGWM Market Thoughts – January 30, 2019

RGWM Market Thoughts – January 30, 2019

January Recap and Portfolio Changes At the time of our last newsletter we were in the midst of a pronounced selloff in the market.  In that newsletter we covered some of the forces that were driving the sellers and pushing the buyers away. We have seen some of these...
RGWM Market Thoughts – December 5, 2018

RGWM Market Thoughts – December 5, 2018

Last week we saw significant positive developments across a broad range of sectors in global equity markets.  The S&P 500 saw a weekly return of 4.91% with health care, consumer discretionary, and information technology leading the way.  Investors seemed to have...
RGWM Market Thoughts – November 15, 2018

RGWM Market Thoughts – November 15, 2018

Now What? The last few weeks have been tumultuous to say the least.  October closed one of the worst months in recent memory, followed by a strong rally following the elections, followed by renewed selling bringing the market averages to within shouting distance to...
RGWM Market Thoughts – October 30, 2018

RGWM Market Thoughts – October 30, 2018

The significant changes in the equity markets this month have provided an opportunity to re-allocate our RG TAAP portfolios.  During the last rebalance in July, we changed some of the individual sector allocations in order to reduce the overall portfolio risk and...
RGWM Market Thoughts – October 23, 2018

RGWM Market Thoughts – October 23, 2018

Last week the markets saw more of the same level of volatility that has been the hallmark of this drawdown.  The recent market selloff has been jarring to investors not only because of the nominal drop in their YTD returns, but because it seemingly materialized out of...
RGWM Market Thoughts – October 10, 2018

RGWM Market Thoughts – October 10, 2018

Top-Heavy Trade Tumble: What’s Happening Under the Hood The combination of increased global trade tensions and China and rising interest rates continue to weigh on the market, and as of this writing, the S&P is on its way to having the worst week in performance...
RGWM Market Thoughts – August 29, 2018

RGWM Market Thoughts – August 29, 2018

Last week was marked by good and bad news.  The good news for equities was that the market continued to move higher and on August 23rd, became the longest bull market in history.  As if on cue, many headline writers used this event to publish “the end is near”...
Managing NUA and Concentrated XOM Positions

Managing NUA and Concentrated XOM Positions

One of the biggest challenges for investors who hold large, long-term positions is how to effectively manage exposure through different cycles – both market based and company specific.  We have previously written about some of the risks of holding concentrated...