Fireside Charts: S&P 500's Record Concentration, Energy's Mixed Signals, Bond Spreads Calm
April 20, 2020In unsurprising news to anyone who's been keeping an eye on their screen time reports lately, tech companies like Facebook and Amazon are riding a wave of increased traffic in the ...
Fireside Charts: U.S. Manufacturing Slumps, Stimulus Package & Oil Prices Run Out of Steam
April 17, 2020Unsurprisingly, U.S. manufacturing has taken a significant hit in the current environment. Regional Fed surveys are showing levels not seen since 2009, with New York posting a nearly ...
VIDEO: BCM's 1Q20 Quarterly Market Update Call with the PM
April 16, 2020A few weeks ago we provided a Special Update from BCM's Managing Partner and Portfolio Manager, Dave Haviland. At that time ...
Fireside Charts: GDP Expectations, Record-High Uncertainty, & the Role of Small Businesses
April 15, 2020While high-frequency measures such as the New York Fed's Weekly Economic Index have us bracing for significant losses to GDP, consensus on expectations is a hard thing to come by ...
Fireside Charts: Mixed Signals from Equities, A Look to the Past, and the Cooling Bond Market
April 13, 2020As we head into what is likely to be a particularly unique earnings season, signals out of the equity markets remain mixed. Transports are still down almost 30% from the print ...
Fireside Charts: A Bear Market Bounce, Stalled Dividends & Buybacks, and Unemployment
April 8, 2020Stocks soared Monday on hopes that COVID-19 had reached its peak in epicenters like New York and Italy, but such rallies aren't uncommon in bear markets, and the euphoria was short ...
Fireside Charts: The Changing Employment Landscape, Debt Downgrades, and Slashed Dividends
April 6, 2020The U.S. lost about 700,000 jobs in March—7x the expected figure and a grim way to cap off the first quarter. Still, given the staggering number of unemployment claims continuing to ...
Fireside Charts: Unprecedented Unemployment, Reshaped Industries, and a Look Ahead at EPS
April 3, 2020An unprecedented wave of unemployment is crossing the U.S. and small businesses are being hit particularly hard. Plummeting retail and restaurant activity have driven the industries to ...
Mutual Funds in Taxable Accounts: Despite Losses, You May Incur Sizable Capital Gains Tax
April 2, 2020As investors and advisors alike look to realign/re-balance their portfolios this year, we wanted to provide a reminder about how mutual funds are taxed. Like any investment, if you buy a mutual fund, own it for more than one year, and sell it at a profit, you must pay federal (and for most states) capital gains tax on your gain. If you own the position for less than one year, you will have to pay ordinary income tax on your gain. Yet many do not realize that if you keep owning a mutual fund (you don’t sell it), there may be short- and long-term capital ...
Fireside Charts: Evaluating the Rebound, 1929 Comparisons, and a Look at Manufacturing
April 1, 2020And that's a wrap on Q1. As we close out a quarter for the history books, let's hope there are better days ahead in Q2. The recent equity rebound may have convinced some optimists out ...
