Phil Voelker

Stuck In The Box - A Review Of The Federal Reserve's December Meeting Minutes

Still In The Box – A Review Of The Federal Reserve’s December Meeting Minutes

All eyes have been fixed on the Federal Reserve over the past year, with investors and markets earnestly searching for cues as to where we might be headed – soft landing, crippling economic recession, or something in between. Predicting the severity of the landing may not be practical (for us or the Fed), however, we …

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Inflation: The Jury Is Still Out

Inflation: The Jury Is Still Out

When we started writing about inflationary risks in January of 2021, we were on the leading edge… Since then, the markets have become obsessed with inflation reports and with Federal Reserve pronouncements regarding its inflation fight.  Headlines lamenting “historic inflation” and “fast and large rate increases” have dominated news outlets over the last 9 months.  …

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Interest Rates - Where Do We Stand In The Big Picture

Interest Rates: Where Are We In The Big Picture?

Rates have been moving higher – for everything and everywhere. Where will they go from here? Not to be flippant, but it depends. From an empirical standpoint, the Fed is clearly “behind the curve” – meaning they have been late to the inflation fighting process. To be fair, there are some “transitory” contributors to inflation, …

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What The Forward P/E Ratio Can Tell Us About Stock Market Risk Today

What The Forward P/E Ratio Can Tell Us About Stock Market Risk Today

The Price to Earnings (P/E) ratio is a great tool to contextualize overarching trends in the stock market—including current strength, expected strength (or weakness), and vulnerability to shock. The P/E ratio is found in many forms.  Trailing, Forward, Cyclically Adjusted, Discounted, Operating, Actual. They all move over time and the value of each requires an …

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What Netflix Taught Investors About Quality

What Netflix Taught Investors About Quality

Not all FAANGM stocks are created equal—a truth made apparent by Netflix’s recent stock price plunge following its earnings report. We all know the “FANG” stocks. They dominate the Nasdaq 100 index and are sometimes isolated into an index of their own. And known for high growth and as stay-at-home beneficiaries, the stock prices have …

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Market Extract: Taper Talk, Cash Balance, and Growth vs. Value

What’s going on in the market today, and how might your business, your portfolios, and your clients be impacted? The Market Extract aims to provide a condensed, clear, and highly relevant view, with insights from Advanced Asset Management Advisors’ investment committee to you.  The Fed has spoken. On June 16th, the Chairman alluded to talks …

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Market Extract: 10 Year Treasury Yields, CPI, and Historical Inflation

What’s going on in the market today, and how might your business, your portfolios, and your clients be impacted? The Market Extract aims to provide a condensed, clear, and highly relevant view, with insights from Advanced Asset Management Advisors’ investment committee to you.  The stock market was mixed last week. The S&P 500 index gained …

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Market Extract: Jobs Miss, Fed Tapering, Small Cap Equity Trends

What’s going on in the market today, and how might your business, your portfolios, and your clients be impacted? The Market Extract aims to provide a condensed, clear, and highly relevant view, with insights from Advanced Asset Management Advisors’ investment committee to you.  Equity markets posted small gains last week as Friday’s market recovered earlier …

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Market Extract: Equity Gains, Inflation, Sensationalized GDP

What’s going on in the market today, and how might your business, your portfolios, and your clients be impacted? The Market Extract aims to provide a condensed, clear, and highly relevant view, with insights from Advanced Asset Management Advisors’ investment committee to you.  Last week saw equity market gains (S&P 500 +1.16%) with firm bond …

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