Asset Allocation Reports

Asset Allocation Bi-Weekly – How Does Powell Define Restrictive Monetary Policy? (January 22, 2024)

by the Asset Allocation Committee | PDF Traditionally, the term “restrictive monetary policy” has been associated with a fed funds interest rate that is high enough to slow economic activity, but recent remarks from Federal Reserve Chair Powell suggest there may be a broader interpretation. Despite casting doubts on rate cuts just two weeks prior,… Read More »

Asset Allocation Bi-Weekly – A Pause That Refreshes? (December 4, 2023)

by the Asset Allocation Committee | PDF (Note: This is the final AABW of 2023; the next report will be published in January 2024.) In 1929, Coca-Cola® introduced the tagline “a pause that refreshes.”  Although other advertising campaigns have come and gone, this line still sticks around in the public consciousness.  And, it has moved… Read More »

Asset Allocation Bi-Weekly – Reflections on Earnings (November 20, 2023)

by the Asset Allocation Committee | PDF The third quarter’s earnings season is coming to a close and, once again, earnings beat expectations.  In this report, we will take a more in-depth look at S&P 500 earnings and overall corporate earnings. This chart examines S&P 500 earnings on a four-quarter trailing basis.  We have regressed… Read More »

Asset Allocation Bi-Weekly – The Inflation Adjustment for Social Security Benefits in 2024 (November 6, 2023)

by the Asset Allocation Committee | PDF Social Security was the second-largest contributor to the increase in the fiscal deficit in 2023 (behind only net interest on debt), accounting for $134 billion. Much of the increase in entitlement spending was due to the 8.7% surge in cost-of-living adjustments (COLAs), which was the largest jump since… Read More »

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