Asset Allocation Reports
Asset Allocation Weekly (February 19, 2021)
by Asset Allocation Committee | PDF A poor jobs report for January cast doubt about the strength of the recovery. There was only a 49K rise in non-farm payrolls, well below expectations of 105K. Making matters worse, the previous month’s jobs report was revised downward from a loss of 140K to a loss of 225K.… Read More »
Asset Allocation Weekly (February 12, 2021)
by Asset Allocation Committee | PDF Jan Tinbergen was a Dutch economist, the first to win the Nobel Prize for economics[1] for his work on applied dynamic models of economic processes. Perhaps his most important contribution to economic policy is the penning of the Tinbergen Rule, which states that policymakers need an equal number of… Read More »
Asset Allocation Weekly (February 5, 2021)
by Asset Allocation Committee | PDF The residential real estate market has made a strong recovery over the past year. Virtually all areas of housing, including home prices, starts, and ownership are showing signs of strength. Let’s start with prices. Home prices have been very strong recently. This chart shows single-family existing home sales. Over… Read More »
Asset Allocation Weekly (January 29, 2021)
by Asset Allocation Committee | PDF Although there are always sundry risks to financial markets, a proximate and substantial risk comes from inflation. Of course, there is always risk of some degree of generalized price changes to financial assets. It also is important to realize that there is always some degree of inflation or deflation… Read More »