November 2016 Market Commentary

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  The PDS investment team recently met with colleagues and a knowledgeable investment company specialist.  Most of the discussion evolved around economics: inflation, interest rates, GDP, and global currencies. The specialist’s viewpoints: 1) Inflation is soon going to be easily above 2% and likely moving closer to 3%, 2) The 10-year Treasury (currently at 1.7%)… Read more »

Always Late to the Party

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It’s a funny thing, momentum.  Some investments can have absolutely no momentum at all for years, then suddenly turn around and produce some very strong performance numbers.  At the same time, some other investments will have years of consistent out-performance and then, seemingly overnight, crash and burn.  More often than not, these behaviors happen to… Read more »

October Viewpoints

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Economic and Investment News Bits Just 56% of eligible Americans voted in the 2012 presidential election. For younger Americans aged 18-24 only 38% of them voted. 70% of Americans aged 65 or older voted.  If this occurs in 2016, consider how it might affect the outcome. (Source: Census Bureau) U.S. retirement account assets reached a… Read more »

PDS Reads: Dreamland

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“Dreamland: The True Tale of America’s Opiate Epidemic” by Sam Quinones   Recently, I was having a conversation with a client of ours in the medical community, discussing how good of a book Being Mortal was and that we recommended it to all of our clients. He had read it and said the topic of… Read more »

Oct. 2016 Monthly Commentary: The 2016 Election & Slow Global Trade Growth

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Why have interest rates been so low? Despite predictions to the contrary, the third quarter ended with virtually all market sectors in positive territory.  Emerging market stocks have out-performed domestic and developed international stocks in a big way this year.  Although there are always potential downsides, Guild Investment Management notes “emerging market valuations are attractive,… Read more »