The Big Picture

SEPTEMBER 12, 2022

At Citi, in 2007, fantastic timing, you take over as Head of Structured Solutions. And so, 2007, I came over to Citi. And when you think about market timing was 2007 the best time to — to make a move, but it ended up being a perfect time actually long-term for — for my career. BITTERLY MICHELL: Always risk.

Clients 299

Clients Wealth Management Banking Investments 299

Carson Wealth

JANUARY 22, 2024

For a broad view of our expectations for the economy, stocks, and bonds in 2024, download our 2024 Market Outlook. That bear eventually ended in October 2022, and since then stocks have defied many experts, who continually (and incorrectly) touted a weakening economy, tapped-out consumer, and many other reasons to doubt the new bull market.

Marketing 97

Marketing Marketing Economy Portfolio 97

Carson Wealth

JUNE 12, 2023

Carson’s leading economic index indicates the economy is not in a recession. We’ve believed for a while now that the bear market ended in October, but the financial media prefer the 20% definition. It can be hard to parse through it all and come up with an updated view of the economy after every data release. economy.

Marketing 52

Marketing Marketing Economy Manufacturing 52

Brown Advisory

SEPTEMBER 21, 2022

waste services company Waste Connections and British pest-control firm Rentokil Initial are traditionally defensive businesses that typically benefit from local economies of scale in distribution, which can be incredibly hard for smaller players to compete with. FCF yield calculations presented use NTM and exclude financial services.

Portfolio 86

Portfolio Manufacturing Investments Investing 86

Carson Wealth

SEPTEMBER 9, 2024

or more percentage points above the lowest point of that average over the last 12 months, the economy is likely in the early months of a recession. from 2005-2007. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financial services.

Marketing 70

Marketing Marketing Economy Economics 70

Carson Wealth

MAY 22, 2023

As we explain more below, the economy is presenting many positive signs that suggest a recession is unlikely, and stocks likely are sniffing this out. Residential investment makes up under 5% of the economy , but it’s been a drag on economic growth for eight straight quarters. The housing market is showing signs of recovery.

Marketing 52

Marketing Marketing Economy Economics 52

Carson Wealth

MARCH 27, 2023

Recent sentiment polls show a high number of bears while worries about the economy and earnings continue to expand. This is the ninth straight rate increase and brings rates to their highest level since 2007. Housing data is rallying, manufacturing is showing signs of a low, and the consumer is demonstrating incredible resilience.

Marketing 52

Marketing Marketing Banking Economics 52

Carson Wealth

MARCH 20, 2023

Money is flowing from small banks to large banks, and large banks are in solid financial shape. Lastly, the Financial Select Sector SPDR ETF remains above the 2007 peak. The NASDAQ 100 Index includes publicly-traded companies from most sectors in the global economy, the major exception being financial services.

Banking 52

Banking Marketing Marketing Startup 52

The Big Picture

JULY 11, 2023

JOHNSON: So I spent a year, my father said to me, “Look, if you’re going to be in the financial services business you should probably work in New York.” Otherwise, the West Coast, if you were in the financial services business, it was rough life. RITHOLTZ: It was just Franklin. RITHOLTZ: Right.

Management 222

Management Investments Investing Assets 222

Trade Brains

JULY 7, 2024

It covers 13 sectors of the Indian economy. In June 2024, the NIFTY 50 allocated 34.11% of its weight to financial services, which includes banking, 12.06% to information technology, 12.52% to oil and gas, 8.03% to consumer goods, and 8.06% to the automotive sector. It is the world’s most actively traded contract.

Marketing 52

Marketing Marketing Electronics Economy 52

Brown Advisory

SEPTEMBER 19, 2023

waste services company Waste Connections and British pest-control firm Rentokil Initial are traditionally defensive businesses that benefit from local economies of scale in distribution, which can be incredibly hard for smaller players to compete with. FCF yield calculations presented use NTM and exclude financial services.

Portfolio 52

Portfolio Investments Investing Financial Services 52

Brown Advisory

SEPTEMBER 19, 2023

waste services company Waste Connections and British pest-control firm Rentokil Initial are traditionally defensive businesses that benefit from local economies of scale in distribution, which can be incredibly hard for smaller players to compete with. FCF yield calculations presented use NTM and exclude financial services.

Portfolio 52

Portfolio Investments Investing Financial Services 52

Brown Advisory

SEPTEMBER 21, 2022

waste services company Waste Connections and British pest-control firm Rentokil Initial are traditionally defensive businesses that typically benefit from local economies of scale in distribution, which can be incredibly hard for smaller players to compete with. FCF yield calculations presented use NTM and exclude financial services.

Portfolio 52

Portfolio Manufacturing Investments Investing 52

Brown Advisory

SEPTEMBER 21, 2022

waste services company Waste Connections and British pest-control firm Rentokil Initial are traditionally defensive businesses that typically benefit from local economies of scale in distribution, which can be incredibly hard for smaller players to compete with. FCF yield calculations presented use NTM and exclude financial services.

Portfolio 52

Portfolio Manufacturing Investments Investing 52

Brown Advisory

NOVEMBER 12, 2019

Among the concerns breeding skepticism about the economy and the markets are on-again/off-again trade negotiations, disruption of supply chains, declines in manufacturing activity, and sluggish capital spending. economy that may restrain the country's ability to grow at rates considered normal over the last several decades.

Investments 52

Investments Investing Assets Economics 52

Brown Advisory

NOVEMBER 12, 2019

Among the concerns breeding skepticism about the economy and the markets are on-again/off-again trade negotiations, disruption of supply chains, declines in manufacturing activity, and sluggish capital spending. economy that may restrain the country's ability to grow at rates considered normal over the last several decades.

Investments 52

Investments Investing Assets Economics 52

Brown Advisory

MARCH 30, 2020

Liquidity in Public Markets: A Decade of Decline Equity trading volume has declined markedly since the financial crisis (top chart); meanwhile, dealer trading volume relative to the size of the corporate bond universe has fallen from 60% in 2007 to less than 10% today (bottom chart). An index constituent must also be considered a U.S.

Management 52

Management Marketing Marketing Clients 52

Brown Advisory

MARCH 30, 2020

Equity trading volume has declined markedly since the financial crisis (top chart); meanwhile, dealer trading volume relative to the size of the corporate bond universe has fallen from 60% in 2007 to less than 10% today (bottom chart). These dynamics have dramatically shifted the liquidity landscape across financial markets.

Management 52

Management Marketing Marketing Clients 52

Brown Advisory

OCTOBER 18, 2019

In the years after the 2008-09 financial crisis, securities tended to trade in lockstep with each other as the market focused most of its attention on the big-picture health of the economy. CBOE S&P 500 Implied Correlation Index, 1/1/2007-8/30/2019 Source: Chicago Board Options Exchange (CBOE).

Marketing 52

Marketing Marketing Valuation Numbers 52

Brown Advisory

OCTOBER 18, 2019

In the years after the 2008-09 financial crisis, securities tended to trade in lockstep with each other as the market focused most of its attention on the big-picture health of the economy. CBOE S&P 500 Implied Correlation Index, 1/1/2007-8/30/2019. Active manager returns have generally improved against this backdrop.

Marketing 52

Marketing Marketing Valuation Numbers 52

Brown Advisory

JULY 1, 2016

Using a multivariate regression analysis, the group recently estimated an expected 10-year return of 7% for stocks based on a combination of today’s equity valuations, projected growth in the economy and reasonable assumptions for interest rates. Following the 2007–2008 financial crisis, some observers began referring to the “new normal.”

Investments 52

Investments Investing Portfolio Assets 52

Brown Advisory

JULY 1, 2016

Using a multivariate regression analysis, the group recently estimated an expected 10-year return of 7% for stocks based on a combination of today’s equity valuations, projected growth in the economy and reasonable assumptions for interest rates. Following the 2007–2008 financial crisis, some observers began referring to the “new normal.”

Investments 52

Investments Investing Portfolio Assets 52

The Big Picture

SEPTEMBER 5, 2023

I don’t care whether the economy is strong or weak, it’s not going to be the same. The focus seems to be on other institutions that create employment like healthcare, medical, tech, medical type services. There’s been a lot of emphasis on sort of competing with New York, bringing financial services there.

Sales 130

Sales Numbers Marketing Marketing 130

The Big Picture

APRIL 18, 2023

In the short run, there can be distortions in public market valuations as we saw in 2001 and we saw prior to that in 2007, and prior to that in 2000, in ‘99. BARATTA: Wind, solar, electrifying the economy, getting off of oil and gas, and it’s all kinds of companies engaged. You saw it in the financial services sector.

Assets 162

Assets Investments Investing Valuation 162

Carson Wealth

FEBRUARY 24, 2025

We had a 100-year pandemic that shut down the global economy and then a second vicious 25% bear market in 2022. Across 2024: Overall household debt grew by 3% Disposable income grew by 5% In some ways, thats what driving the economy, even as households become less levered. Think about all of this a little more.

Marketing 85

Marketing Marketing Economy Planning 85

The Big Picture

APRIL 11, 2023

And as you well know, in 2007, accountants fixed what I thought was a horrendous mistake — RITHOLTZ: Right. In the first quarter of 2020 when COVID shut the global economy down, everybody felt that the right thing for companies to do is hold back cash. One is inflation, the other is what’s going to happen to the economy.

Valuation 298

Valuation Education Numbers Government 298

Carson Wealth

SEPTEMBER 3, 2024

economy, only to get past those worries almost as quickly and see stocks move right back to new highs (or near new highs). A Bullish Signal for the Economy Two things to think about today. Since the Great Financial Crisis (GFC) ended 15 years ago our economy has been in a recession only 1.1% of the time. of the time.

Marketing 142

Marketing Marketing Taxes Economy 142