Research & Market Insights

11.17 2010

Year-end Tax Planning Strategies

Year-end planning always involves some educated guesswork; however, planning for 2010 is particularly challenging due to the uncertainty Congress has shown in regard to voting on tax legislation. The “lame-duck” Congress returned this week, and has three options to consider: Allow the current tax rates to sunset and return to 2001 levels, which will result…

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08.27 2010

GDP Report Raises Risk of Recession

Today the government revised its estimate of second quarter Gross Domestic Product to a weak 1.6%, down from the original estimate of 2.4%. Equity markets cheered this news, with the S&P 500 gaining 1.7%, while Treasury yields rose substantially. Although the downward revision confirms the economy slowed considerably after April, investors evidently were relieved that…

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06.04 2010

Employment Report Disappoints

Investors gave this morning’s release of employment figures for May an emphatic thumbs down, as the S&P 500 declined 3.44%. One might think this is somewhat curious, given that earlier in the week, President Obama said, “We expect to see strong growth in Friday’s report.”  Leaving aside the question of whether the President should comment…

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06.02 2010

Kanaly Trust to Host CIO of Invesco’s U.S. Core Equity

The evening of June 22, Kanaly Trust will host an event featuring Ron Sloan, CIO – Invesco U.S. Core Equity. Mr. Sloan will discuss the equity markets, talk about his expectations and the opportunities upcoming conditions will offer. Two of the funds that Mr. Sloan oversees, the Invesco Charter Fund and the Invesco Large Cap Core Equity separately managed account,…

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05.20 2010

Market Update – May 20, 2010

The global equity market correction continued today, with the Dow Jones Industrial Average losing 376 points to close at 10,068.  The S&P 500 and the Nasdaq lost 3.9% and 4.1%, respectively, wiping out all gains for 2010.  Very few stocks were spared, and the Volatility Index, a measure of fear in the market, spiked 30%…

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05.19 2010

Rescue Your Retirement from Inflation’s Threat

Kanaly Trust CIO James Shelton provides his thoughts on Marketwatch.com regarding inflation – Rescue Your Retirement from Inflation’s Threat Disclosures This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be…

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05.06 2010

Initial Thoughts on Market Plunge

Today equity markets tumbled the most in a year on concerns that the European debt crisis will spread, threatening the global economic recovery.  At one point, the Dow Jones Industrial Average was down nearly 1,000 points before recovering to close down 348 points, or 3.2%.  News reports suggest that a trading error in S&P futures…

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05.04 2010

Washington Conference: Much Hinges on November’s Election

Last week I spent two days in Washington, D.C. at world-renowned economist Art Laffer’s 50th Washington Conference. During this conference we were briefed by an array of congressmen, senators, former regulators and the current Chairman of the Joint Chiefs of Staff, Admiral Mike Mullen. Topics ranged from expectations for the November election, to our nation’s debt, to NATO…

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04.30 2010

Cyclical Bounce Continues

The preliminary estimate of U.S. Gross Domestic Product in the first quarter of 2010 is 3.2%, close to the consensus forecast of 3.3%. This marks a significant deceleration from last quarter’s growth of 5.6%, yet indicates the recovery continues, albeit at a pace more sluggish than past recoveries.  Inventory rebuilding again was a significant component,…

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03.26 2010

Wild Week For Financial Markets

Investors encountered an interesting week across financial markets as both the U.S. dollar and S&P 500 reached new 2010 highs, stocks later reversed on elevated volume, and Treasuries were bloodied in the wake of tepid auction demand. Economic news was mixed: durable goods orders showed continued strength in the economy, while existing and new home…

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