Cornerstone Financial Advisory

OCTOBER 23, 2023

Economic Strength, Housing Weakness The economy continued to evidence surprising strength according to data released last week. Existing home sales are on track to record their slowest year since 2011. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., month-over-month.

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James Hendries

FEBRUARY 27, 2023

While concerns about the debt ceiling have been increasing, markets, businesses, and the economy are likely to see only minimal impact until we are days, or maybe a few weeks, from the “x date,” the date on which the federal government will no longer be able to meet all its obligations, likely in the summer or early fall.

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Cornerstone Financial Advisory

FEBRUARY 27, 2023

However, members diverged on the economy, with some members finding the risk of recession elevated. Tip adapted from CDC.gov 8 About 90% of this country’s land area is made up of arid tan desert, yet its flag was once solid green (until 2011) – in fact, at one time it was the only nation in the world with a flag containing just one color.

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James Hendries

AUGUST 15, 2022

The news on the economy and corporate profits hasn’t been great lately, but thanks to low expectations, it’s been good enough to push stocks nicely higher. As shown in Figure 2 , the 90% level has historically signaled the start of new bull markets coming off of major lows such as 2009, 2011, 2018-2019, and 2020. Encouraging Signs.

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James Hendries

SEPTEMBER 20, 2022

Because of the ever higher Fed rate hike expectations, the yield on the 10-year Treasury security has increased by nearly 200 bp this year after increasing around 100 bp in 2020 and is at the highest level since 2011 [Figure 1]. And as long as there are concerns about a slowing economy, we could see either stable or lower long-end rates.

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ClearMoney

DECEMBER 5, 2021

But, while government spending may provide a short-term stimulatory effect on the economy, the prospect of higher future taxes and long-run impacts on spending and investment introduces many channels through which spending and debt levels might affect expected stock returns. Reuters (2011). Review of Financial Studies 21, no.

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ClearMoney

DECEMBER 5, 2021

But, while government spending may provide a short-term stimulatory effect on the economy, the prospect of higher future taxes and long-run impacts on spending and investment introduces many channels through which spending and debt levels might affect expected stock returns. 5Reuters (2011). Review of Financial Studies 21, no.

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