Harrison Financial Services is committed to providing ongoing education and insights related to holistic wealth management. Members of the Harrison Financial Services Investment Committee provide Weekly updates to ensure our clients, colleagues and industry partners are well informed on the latest industry trends and market movements.
The opinions expressed are those of Harrison Financial Services as of the date stated on each communication and are subject to change. The investment professionals at Harrison Financial Services provide views and commentary on the current marketplace. This information is designed as general commentary regarding our views on the relative attractiveness of different asset classes and asset allocation strategies. This material does not constitute investment advice and is not intended as an endorsement of any specific investment or security.
Keep in mind that this viewpoint can and will change as valuations and economic variables evolve. These views are made in the context of a well-diversified portfolio, not in isolation, and are not a recommendation for individual investors. Decisions about investments should always be made on an individual basis or in consultation with a Financial Advisor, based on an individual’s preferred risk levels and long-term goals.
Please remember that all investments carry some level of risk, including the potential loss of principal invested. Indexes and/or benchmarks are unmanaged and cannot be invested in directly. Returns represent past performance, are not a guarantee of future performance and are not indicative of any specific investment. Diversification and strategic asset allocation do not assure profit or protect against loss.
Chinese Stocks Just Had a Week. Can it Last?
October 2, 2024
Last week, Chinese stocks went on a historic run due to new government stimulus measures to jumpstart its ailing economy and real estate market. That government announced multiple interest rate cuts, reduced reserve requirements for banks, lowered mortgage rates on existing homes, providing funding to buy back stocks, and more. Read the full article here.
Context Matters
September 25, 2024
The Fed prognosticators were out in full force this past week after the Board cut interest rates for the first time since March 2020. We heard a lot of talk about what it means and why the Fed decided to cut by 0.50% instead of the more typical 0.25%. Read the full article here.
Long-term Bonds Look Expensive
September 19, 2024
The Fed began its latest rate-cut cycle this past week, cutting by 0.50%. Historically, when this occurs without a recession, stocks do well. At HFS, this is our base case. In fact, we think we’re no where near a recession for the broader economy, although smaller parts of it are struggling. Read the full article here.
Not Only is This Normal – It’s Healthy
September 12, 2024
Stocks have stumbled recently, and that’s ok. This is why the asset class has offered the highest long-term returns for over a century compared to bonds, gold, commodities, etc. They’re more volatile, and not everyone can stomach the ride. Read the full article here.
“Growth” Investing Has Offered Better Value
September 6, 2024
For us, value is getting something more than what it cost you. It could be a sale on eggs at your local grocery store or finding your favorite brand in the bargain bin. The same is true for value investing. Read the full article here.
Big Money, Big Promises, Big Opportunities
August 29, 2024
Wall Street is a fickle bunch. First, they want growth – the higher the better. Then they start assessing how sustainable it is. Lastly, they start demanding returns on investment, or profits. Read the full article here.
Economic Patterns Aren’t Predictions
August 22, 2024
As long-time readers of our Weekly know, we’re not fans of economists. First and foremost, they should never be confused with investors – although many do. Economists tend to live in the past, and investors are looking toward the future. Read the full article here.
Bonds Say “Carry On”
August 15, 2024
We’ve heard that fixed income investors are often called the “smart money”. Most bond investors tend to be sophisticated institutions, such as corporations, governments, and other large purchasers that can be very risk adverse and thoughtful capital allocators. Read the full article here.