RECESSION OF REPRICING? The rate angst of March bled into equities in April, and has tipped U.S. small cap stocks, the Nasdaq Index, and select international markets like the Shanghai Composite into bear market (20% decline) territory. The most speculative parts of the markets have been...
RATE ANGST The U.S. bond market just exited its worst quarter in years, with Treasuries down 5.6%, corporate bonds down 7.4% and a broad municipal bond index down 6.2%.1 After shaking off the rise in inflation in 2021, a swing in the outlook for Federal Reserve...
Cryptocurrencies have captured investor attention due to sky-high historical returns. We think a good analogy to today’s crypto market is the tech stock bubble of the late 1990s. Underpinning both was a fundamental revolution – the explosion of the internet in the late 90s, and...
THE WAR TO END ALL WARS Such was the assessment originally applied to “The Great War” that ran from 1914 to 1918 – a war so violent and so bloody the world was convinced nothing so horrific could or would ever happen again. The world was...
LESS GROWTH, MORE INFLATION In just a few weeks’ time, the threat of a Russian invasion of Ukraine has become the reality. The resulting humanitarian toll has led to millions of Ukrainians leaving the country, with a similar number displaced and too many killed or injured....
Northern Trust Chief Investment Strategist,EMEA and APAC Wouter Sturkenboom, offers additional thoughts on the Russia-Ukraine conflict. Current state of the Russia-Ukraine conflict The Russian invasion of Ukraine is still intensifying around the major population centers while Ukrainian resistance continues to impress in its ability to hamper, but...
Bottom line: The Russian invasion of Ukraine is ongoing and it looks to us like the conflict is about to get even worse in the days ahead. After being slowed down by logistical challenges in its supply lines, equipment failures and fiercer than expected resistance, the...
From our partners at J.P. Morgan Following Russia’s invasion into Ukraine, markets saw a sharp sell-off in risk assets, while safe-haven assets (i.e. Treasuries, USD and gold) outperformed. Russia-linked commodities popped with European natural gas +60% and Brent prices crossing $100/barrel. However, by the end of...
From our partners at Northern Trust Geopolitical events often follow a standard blueprint. The event consumes the headlines. Investors show some panic, causing a period of market volatility. And, finally — so long as fundamentals are not broadly impacted — financial markets go back to...
Firm Sees Continued Growth as Largest Independent Trust Company in Rocky Mountain Region Denver, CO – February 2, 2022 – Investment Trust Company (ITC), a Denver-based boutique wealth management firm and the largest independent trust company in Colorado, announces it has grown its staff significantly as...