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Have you been to a financial services conference lately? Then you know that the tectonic force shaking our industry is technology. Except, that’s not entirely
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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 StageHave you been to a financial services conference lately? Then you know that the tectonic force shaking our industry is technology. Except, that’s not entirely
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
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
As a goals-based investment manager, we believe investment problems and challenges are best addressed in the context of an investor’s goals—the purpose behind their investment
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
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
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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© 2019 Horizon Investments, LLC.
All Rights Reserved.
Sitemap | Privacy notice
Terms and conditions
