Cautious Investors Look to Defensive Sectors
Bright spots in the U.S. economy last week included better-than-expected initial jobless claims, a strong showing from the Philadelphia Fed manufacturing index in October and
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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 StageBright spots in the U.S. economy last week included better-than-expected initial jobless claims, a strong showing from the Philadelphia Fed manufacturing index in October and
Prices on U.S. goods and services have generally been rising at roughly the pace investors expected, according to the latest inflation data released last week.
Domestic economic data was mixed last week. The biggest headline was that the U.S. added 134,000 new jobs in September—significantly fewer than expected. The good
The Fed, as expected, raised a key short-term interest rate last week as the U.S. economy exhibited a mix of strength and weakness. The bright
Weekly initial jobless claims came in much lower than expected last week, while the Philadelphia Fed manufacturing index significantly exceeded forecasts for September (after slowing
Optimistic consumers and lower-than-expected inflation characterized much of the economic news in the U.S. last week. The University of Michigan Consumer Sentiment gauge for September
It was another week of solid economic data in the U.S., including: Both the ISM Manufacturing and Non-Manufacturing indices significantly exceeded forecasts. Average hourly earnings
U.S. economic data for the week was mostly robust. The Conference Board’s Consumer Confidence indicator exceeded expectations, coming in at its highest reading since 2000,
The U.S. economy saw better-than-expected jobless claims and greater draws on crude oil inventories last week. That said, most economic news was lackluster—particularly in the
It was a tale of two economies last week. On one hand, consumers are showing strength—as evidenced by retail and core retail sales results for
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
Economic data out of the U.S. last week was upbeat: Housing starts, retail sales and industrial production all came in ahead of expectations. One disappointment
Economic data coming out of the U.S. last week was disappointing. Initial jobless claims were higher than expected, while we saw lower-than-expected results from the
U.S. economic data disappointed last week, with initial jobless claims and the unemployment rate higher than expected. Additionally, factory orders, manufacturing PMI, the Institute of
The final week of the first quarter saw generally positive economic data in the U.S. Jobless claims fell to their lowest level since 1973, while
Economic data in the U.S. was mostly positive last week. Employment data—including changes in nonfarm payrolls and initial jobless claims—came in better than expected, as
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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