A Quick Guide to Market Volatility – Supplement
As market volatility persists heading into year-end, the question remains as to whether this new volatility regime is here to stay. While the uptick in
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As a goals-based investment manager, we believe investment problems and challenges are best addressed in the context of an investor’s goals—the ultimate reason behind saving and investing. By aligning investment solutions with investor goals, investors have better opportunities to measure the actual “real world” outcomes they seek.
Each client’s investment-related goals consist of three stages—accumulation (or the gain stage), preservation (or the protect stage) and distribution (or the spend stage). Importantly, for every goal, each stage has its own overarching objective and risk.
GAIN Stage
PROTECT Stage
SPEND StageAs market volatility persists heading into year-end, the question remains as to whether this new volatility regime is here to stay. While the uptick in
Fall 2018 has brought about many newsworthy events including midterm elections, looming trade discussions with China, and uncertainty surrounding the Federal Reserve’s plan for upcoming
Key inflation data for the month of July was released last week. Core inflation (as measured by the consumer price index) was mostly in line
The Federal Reserve Board last week left a key short-term interest rate unchanged, as expected. But the Fed also explicitly stated that economic activity has
A big week, economically, as GDP for the second quarter of 2018 was released. The economy during the quarter grew by 4.1%—just shy of estimates.
A mixed bag of economic news last week saw, on the plus side, U.S. industrial production and the Philly Fed manufacturing index coming in notably
There was plenty of new economic data for investors to parse last week. Some of it, such as core CPI (consumer inflation) was in-line with
Economic news during the holiday-shortened week was mostly positive: We saw better-than-expected results from the Institute for Supply Management’s manufacturing and services PMIs, durables goods
The second quarter of 2018 ended with economic signals both strong—new home sales in May were well ahead of forecasted estimates—and tepid: GDP for the
A mixed week for the global economy saw U.S. housing starts beat expectations but existing home sales and building permits disappointed. Overseas, manufacturing PMI in
All eyes were on global central banks and their monetary policy decisions last week. In the U.S., the Federal Reserve Board opted to raise a
A mixed week for the U.S. economy. On the plus side: + The ISM non-manufacturing index (which measures business activity in the services sector)
Economic data out of the U.S. was mostly positive: Nonfarm payrolls, the ISM Manufacturing Index and initial jobless claims all came in ahead of expectations.
The global economy hit some speed bumps last week. In the U.S, we saw worse-than-expected results in both existing and new home sales, consumer sentiment,
Economic data out of the U.S. was mixed last week. While industrial production beat expectations, initial jobless claims and housing starts both disappointed. Internationally, GDP
Another mixed week on the global economic front. On the positive side in the U.S., wholesale inventories, initial jobless claims and the University of Michigan’s
Two Days of Market Turmoil—What Now? After an unprecedented run of gains, global equity markets plunged last Friday (Feb. 2) and yesterday (Feb. 5). However,
Horizon Investments is a modern, goals-based investment manager and think tank. Our focus is on goals-based investment strategies, to help financial advisors and their clients improve the investment experience relative to real world, prioritized financial goals.
Founded in 1995, Horizon provided investment advice to individual clients while utilizing a process based on quantitative analysis. Today our investment process balances quantitative expertise with a qualitative perspective, including economic, fundamental and geopolitical analysis. Over 20 years, we’ve continued to expand our investment management team to include the seasoned academics and research analysts needed to pursue forward-looking approaches to address a myriad of challenges that investors face while seeking to grow their wealth. As a result, financial advisors turn to Horizon for our innovative risk mitigation and retirement income strategies. Rooted in a global active investment approach, the firm’s GAIN PROTECT SPEND® framework, combined with its investment management methodology, has been a cornerstone of Horizon’s portfolio construction process for over a decade.
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