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Why is the Market Going Haywire?

With markets moving and volatility picking up, the investment team has had some lively discussions recently. When turbulence breaks out there is often a tangled web of items to sort through in determining what is the major driver. Our summary view is that we’ve had a collision between complacent markets that have lost momentum as…

Weighing the Market Evidence

Recently, market volatility has picked up amidst a lot of headline noise. Here at Pinnacle, we don’t get distracted by every noisy data point — we’re trying to keep your portfolio aligned with the market cycle. But this does offer a good opportunity to update you on our market views, and how we’re allocating your…

The Shutdown is Over, So What Now?

With the end of the government shutdown and the lifting of the debt ceiling, it’s time to review how we’ve positioned Pinnacle’s portfolios. First, our stance has been that the political impasse was mostly noise — that’s why we didn’t pull volatility down over the past few weeks. Washington’s politicians waited until the last minute,…

Ben Bernanke’s Big Surprise

Wednesday’s Federal Reserve meeting was a bit of a shocker to the markets. Since the summer, it appeared that the Fed had laid the groundwork for the reduction of asset purchases, and the market certainly expected something like that coming into yesterday’s meeting. When Ben Bernanke declined to taper purchases — and took a dovish…