Quarterly Strategy and Observations – 1st Quarter 2016

The first three months of 2016 were a replay of last year, where broad stock averages ended the quarter roughly where they started, masking continued volatility during the quarter. The S&P 500® Index started the year with its worst-ever two weeks yet finished …Read More

Big and Profitable

A recent ranking by U.S. News & World Report placed Denver at the top of the list of best places to live in the U.S. That the Mile High City is attracting millennials (who make up over 20% of its population) is not a shock to those of us who call Denver home. However, …Read More

Everyone into the (Labor) Pool

The unemployment rate has been comfortably below what economists call “full employment” for over a year and one-half. However, a major concern since the start of the last recession has been the labor force participation rate. This is a measure of the share of the …Read More

Not Your Echo Boomers’ Freshman Class

Ratings agency Moody’s predicts the number of four-year not-for-profit colleges closing annually will triple in the next few years. These colleges share the traits of small endowments, small enrollments and high tuition which they depend upon for the bulk of their operating …Read More

Liftoff and a Whiff of Inflation

The Federal Reserve’s liftoff last December, where it raised the Fed Funds rate from zero to 0.25%, got us thinking about inflation. We see whiffs of inflation peeking out behind the current mediocre economic growth. Quite honestly, most of us welcome a little inflation …Read More