As the market rebounded significantly in April, capping one of the best performing months in more than 30 years, stock prices became strangely unhinged from the economic reality on the ground. During this time there was still widespread fear and uncertainty across the country, and we saw some of the most shocking economic data in […]
In the early stages of the pandemic we held hope that there was a possibility that, like some other advanced nations such as South Korea, Singapore and Taiwan, our government and our people would come together to mostly contain the virus without very large or lasting costs. Now, however, the U.S. leads the world in […]
With the major indexes now in a bear market as the coronavirus has developed into a “Black Swan” event—a major unforeseen risk—the question on most people’s minds is whether markets have hit the bottom or have further to fall. Though it is too soon to tell whether we have reached an actual bottom, there are […]
Such a sharp decline in the market as we have seen over the last several weeks proves, as one commentator put it, why IQ will only get you so far in investing. During times of panic, investing is more about temperament and psychology than it is about intellect. You need to be able to stay […]
Congratulations to our co-founder and managing partner Justin Terzo on being selected to the 2020 Forbes “Best-In-State Wealth Advisors” list1 . Justin is honored to be nationally recognized for the 3rd time by Forbes. This award recognizes the highest quality advisors around the country who have consistently proven a core competency in improving the lives of […]
Lake Street is excited to welcome Connie Bruno to the team! “Connie joins us with extensive experience in client service facing roles and will be a tremendous asset to our firm,” says Joe Stock, managing partner. “As we continue to expand our client and advisor base, it’s important we invest in great people to support […]
As the chart below demonstrates, the stock market over the long term is an amazing wealth-generating machine. But the cost of reaping its benefits over the long term is staying the course through a agonizing times of worry and panic, the vast majority of which will not end up having a lasting impact. Currently the […]
Last week the coronavirus was looking more contained. Economic numbers were strong, and the market was pricing in the widespread perception that any economic impact from the virus would be offset by policy makers both at home and abroad who would act fast to provide as much stimulus as needed. All of that changed yesterday […]
Stocks began the week with a 300+ point rally for the Dow index, rebounding from last weeks 2.5% decline, which was triggered by worries about the spread of the coronavirus in China and beyond. For the year so far, the major indexes are now mostly flat with Treasury yields slipping under 1.80%, from 1.92% at […]
At the beginning of the year with lots of headwinds facing stocks and the bull market entering its 11th year, not even the most optimistic market watchers would have predicted a year as strong as 2019, when nearly every asset class was up strongly. It was a sharp contrast to 2018 when nearly everything was […]
