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Some Perspective On Rates

            2016 has been a year of surprises. Following the Fed’s long awaited interest rate increase last December, many presumed that it would be the first of several over the coming year in a return to “normalcy”. However, the New Year was ushered in by an unanticipated currency decline in […]

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Do Elections Matter to the Markets?

According to this chart, which is encompassed in the comprehensive Solaris Quarterly Market Commentary, the markets (S&P 500) prefer a Democratic president with a Republican House & Senate. A Republican President with a split House & Senate is least favored. A Republican President with Republican House & Senate and any President with a Republican House […]

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A Few Thoughts on Brexit

                Let us add a few brief thoughts to the many comments that you have undoubtedly received regarding Brexit. Background Coming into last week investors were confident that the “Remain” vote would win and as a result, global equities and commodities rallied through Thursday. While a “Remain” vote […]

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Jim Jeffery Joins Solaris Advisors, LLC

            We are pleased to announce that Jim Jeffery, the founding and principal partner of Jeffery Asset Management has joined Solaris Advisors LLC to lead their team serving non-profit clients, particularly in the Senior Living sector. Jim brings to Solaris Advisors his 20 + years of experience and expertise in […]

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Stable Disequilibrium

Stable Disequilibrium   The people at PIMCO are at it once again, attempting to coin a phrase. In the wake of the financial crisis in 2008, Mohammed El-Erian & Co. gathered  at their annual “Secular Forum” to discuss the state of the world in the context of asset allocation and broke huddle with a view […]

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What Happened to Active Management?

What Happened to Active Management? There is a long running argument between proponents of active management and those who favor  a no-frills, low cost indexed approach. The case for indexing is, in part, that the average manager does not beat the benchmark. The somewhat obvious reply is that there are thousands of active managers and […]

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Are US Savers Victims of a Currency War?

Are US Savers Victims of a “Currency War”? Surprisingly, there has been very little in the press regarding the hardship imposed by today’s ultra-low interest rates on US retirees. If rates were at 5% today, a retiree with a $1,000,000 bond portfolio could plan to earn roughly $50,000 a year in addition to any retirement […]

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Look What’s in the Toolbox…Talking Liquid Alternatives

Look what’s in the Toolbox….Talking about Liquid Alternatives With the stock market recently reaching new highs, varying explanations abound. One explanation that is hard to ignore is that the Fed’s zero interest rate policy has held bond yields below the true rate of inflation and consequently is forcing investors to take more risk to make […]

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Cyclical Outlook from a Thought Leader

Cyclical Outlook from a Thought Leader As 2012 draws to a close, we’d like to share some informed views on the economy that come to us from the people at PIMCO. PIMCO spends a great deal of time formulating their top-down views on the macro environment and have developed a very rigorous process to achieve […]

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Risk Parity; Another Look at Asset Allocation

Risk Parity; Another Look at Asset Allocation The last 3 years of sizzling domestic equity returns and solid bond total returns have left many purveyors of alternative strategies scratching their heads, as their sophisticated approaches have largely fallen short. Following the extreme volatility of the internet bust of 2000-2002 and then the financial crisis of […]

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