Quarterly Market Commentary - 2018 Q4

Market volatility is back and is uncomfortable after a serene 2017. Most portfolios have experienced a negative return as almost all financial assets have delivered a loss for the year. We went from...


FOMC December 2018 Press Release Language Change

The December 18-19, 2018, FOMC meeting adjourned with the widely anticipated 25bp rate increase (the 9th since December 2016). The FOMC reflected on the continuing strength of the labor economy, the...


Behind the Headline - R Star in Three Acts

There has been a great deal of uncertainty and anxiety pertaining to the number of Fed rate hikes remaining now that they have completed eight 25bp hikes since December 2015. We took recent public...


FOMC November 2018 Press Release Language Change

The November 7-8, 2018, FOMC meeting adjourned with no rate action. The FOMC reflected on the continuing strength of the labor economy, the declining unemployment rate and strength in consumer...


2019 Annual Qualified Retirement Plan Contribution Limits

On November 1, 2018, the Internal Revenue Service announced[1] cost of living adjustments affecting dollar limitations for pension plans and other retirement related items for Tax Year 2019. Some of...


2019 HSA Plan Limits

On May 14, 2018, the Internal Revenue Service issued Revenue Procedure 2018-30 , announcing the 2019 inflation-adjusted amounts for Health Savings Accounts (HSAs), as determined under the Internal...


Quarterly Market Commentary - 2018 Q3

• The American economy is on fire, and there is no sign of retreat. We expect the third and fourth quarter to continue the above trend growth, and the U.S. will end 2018 closer to 3.5% real GDP than...


FOMC September 2018 Press Release Language Change

The September 26, 2018, FOMC meeting adjourned with the expected 25bp interest rate hike. The FOMC confirms the strength in the U.S. economy as so reflected by the inter-meeting data. It is notable...


FOMC August 2018 Press Release Language Change

The August 1, 2018, FOMC meeting adjourned with no surprises. The FOMC recognizes the continuing and growing economy with a strong labor market and core and headline inflation remain near 2 percent....


BOJ Press Conference July 31st – Committed to Stay The Course and be Flexible

Bank of Japan Policy Board Press Release July 31, 2018 – STAY THE COURSE https://www.boj.or.jp/en/announcements/release_2018/k180731a.pdf In its press release for the Bank of Japan Monetary...