Financial Industry Insights from Advisors Asset Management

Content Type
October 10, 2017
AAM Viewpoints – Market Aging Like Fine Wine By : Peroni Portfolio Advisors For years Wall Street and Main Street have marveled at the stock market’s ability to withstand a steady barrage of challenging headline news.
October 02, 2017
AAM Viewpoints – 10 Years Later By : Mike Boyle, CFA September is now in the books and despite the odds the S&P 500 posted a positive return of 1.93% for the month and closed at a new all-time high. This is noteworthy because historically September is the worst month to own stocks (based on 75 years of data).
September 25, 2017
AAM Viewpoints – Inflation and Interest Rates By : Brian Gilbert As markets expected, the Federal Reserve left interest rates unchanged in their September meeting. However, inflation is still running below their target and Fed chair Janet Yellen described it as something of a “mystery.”
September 18, 2017
AAM Viewpoints – The Stretch Run By : Matt Lloyd Heading into the most interesting fourth quarter since last year – at least that is what I am expecting from some headlines over the next two weeks – it seems an appropriate time to accentuate our attention span decline and look at how we see the final three months unfolding in a few key areas.
September 05, 2017
AAM Viewpoints – Duration Matters By : Jim Costas There is an ongoing discussion of the Fed raising rates, global inflation growing and the unwinding of the FOMC (Federal Open Market Committee) balance sheet. Depending on how much weight you give these probabilities, they all point toward higher interest rates – the question is, “How much higher?”
August 28, 2017
AAM Viewpoints – A Closer Look at Valuation By : Jacob Johnston, CFA Stretched valuations have become a common talking point in regard to domestic equity markets. This is a rather uncontroversial claim given the current bull market cycle is approaching 8.5 years and the S&P 500 is sitting near all-time highs.
August 11, 2017
Chinese Economy Shows Resilience as U.S. & Eurozone Growth Lag Behind By : Rothschild Asset Management Economic growth improved in the 2nd quarter (Q2) of 2017 in several countries, although not to levels suggested by the various confidence indicators.
July 24, 2017
AAM Viewpoints – Mid-Year Fixed Income Review By : Brian Gilbert The first half of 2017 provided positive returns across fixed income asset classes. The most commonly referenced taxable fixed income index, the Bloomberg Barclays U.S. Aggregate Index, posted a gain of 2.27% with slightly higher returns in the Investment Grade Corporate Space.
July 17, 2017
AAM Viewpoints – Rising Global Interest Rates Tracking Global Economic Growth – Higher Inflation Likely By : Scott Colyer Something began to change in global bond markets in the third week of June. Interest rates began to rise globally in a synchronized way.
June 19, 2017
AAM Viewpoints – Mid-Year Outlook: of Sentiment, Substance & Symbolism By : Matt Lloyd As we embark on the second half of the year, the most elevated of questions about where we might be headed is determining what is symbolic and what is substantial.
June 15, 2017
Eurozone Economic Growth Contrasts Mixed U.S. Outlook By : Rothschild Asset Management The downtrend of commodity prices since January is having an impact on consumer prices. In fact, after peaking at the beginning of the year, inflation is falling almost everywhere. Meanwhile, global economic activity remains moderate and the uncertainty regarding the scenario of an accelerating world economic activity is growing, with the notable exception of the Eurozone.
June 12, 2017
AAM Viewpoints – Time to Dial Up Value Exposure? By : Jacob Johnston, CFA It has been tough sledding for Value stocks in 2017. The Financial Times recently noted, “U.S. growth stocks are now thumping their value counterparts by the most since 2000.”
May 15, 2017
AAM Viewpoints – Commodity Weakness Brings Insiders In Buying Hand Over Fist By : Scott Colyer The last three months of 2017 have witnessed a significant correction in the commodity markets. As global growth moderated a bit, energy and materials turned lower.
May 10, 2017
Is the Volatility Index a Reliable Leading Indicator? By : C.J. Lawrence LLC The low VIX (VIX-CBOE Volatility Index) reading is certainly grabbing headlines, but in our work, over the years, we believe the index has not shown to be a reliable leading indicator of equity market returns. Contrarians associate the low level of the VIX with investor complacency.
May 01, 2017
AAM Viewpoints – 2-Part Series | Part 1: Are We Facing Another Housing Bubble? By : Brian Gilbert Traditionally, the housing market is not as prone to bubbles as other financial markets, but we are seeing more and more headlines speculating that we may be on the verge of the next correction in the housing market.
April 25, 2017
The French Connection By : Matt Lloyd With the markets relieved about the two choices in the final election in France offering a moderate selection rather than a dynamic binary choice, we have moved back to the “concern du jour.”
April 24, 2017
AAM Viewpoints – A Bird in the Hand AND Two in the Bush By : Jacob Johnston, CFA The Trump Rally has paused. A pause might be considered a moral victory given some of the many geopolitical uncertainties.
March 27, 2017
AAM Viewpoints – A Few Chinks in the Armor By : Mike Boyle, CFA It appears both the “Trump Rally” and the “Trump Agenda” are beginning to develop a few chinks in the armor, and it may be that the latter – or more specifically a lack of confidence in the latter – is causing the former.
March 13, 2017
AAM Viewpoints – The Canary in the Coal Mine – Still Tweeting? By : Scott Colyer As we near the end of the first quarter of 2017 our focus has been on a new U.S. President, rising interest rates and equity markets hitting one new high after another. However, we are very aware that this bull market is getting quite old, by historic standards, and we want to be vigilant for any signs that the market could be turning.
March 02, 2017
Inflating European Expectations By : C.J. Lawrence LLC The Wall Street Journal reported on 2/22/2017 that for the first time in almost four years, none of the Eurozone’s 19 member countries was in deflation during January. Aggregate Inflation across the region is now 1.8%, approaching the ECB’s (European Central Bank) target of 2.0%.

Effective, June 10, 2016, please note that Gene Peroni left Advisors Asset Management (AAM) to become President of Peroni Portfolio Advisors, Inc. Peroni Portfolio Advisors, Inc. ("PPA") is an investment advisor independent of AAM.