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September

Per Stirling Capital Outlook – September 2019

The major global economies and markets remain mired in a “Catch 22” macroeconomic environment.  The term “Catch 22” first became a part of the American lexicon in 1961 thanks to the Joseph Heller novel of the same name, in which a disillusioned American bombardier fighting in World War II desperately seeks to avoid flying future […]

28

August

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July

Per Stirling Capital Outlook – July 2019

A Wall Street analyst recently referred, in a CNBC interview, to the current stock market as a “wild west market” due to his reasonable observation that investors are ignoring the world’s many risks and are “throwing caution to the wind”.  However, while we believe that he makes a valid point, we think that it is […]

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June

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May

Per Stirling Capital Outlook – May 2019

American author Mark Twain observed that, “History does not repeat itself, but it oftentimes rhymes”.  For evidence of just how insightful this perspective is, one needs to look no further than the Winter 1982 edition of Foreign Affairs Magazine, which noted that: “President Reagan won his office in part because he convinced the electorate that […]

29

April

Per Stirling Capital Outlook – April 2019

One of the core premises on which monetary policy is based is that there is a direct relationship between economic growth and inflation.  More specifically, prevailing economic theory maintains that strong economic data ultimately leads to both “full employment” and the full utilization of an economy’s productive capacity, and that both economic conditions, once they […]

29

March

Per Stirling Capital Outlook – March 2019

If there is any single sentence that epitomizes how the Federal Reserve operated in the pre-Bernanke era, it is probably the reply given by then Fed Chairman Alan Greenspan during a 1987 testimony to the Senate Banking Committee.  He responded to a question by saying, “If I seem unduly clear to you, you must have […]

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December

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October

Per Stirling Capital Outlook – October 2018

01 Per Stirling Capital Outlook October 2018

The dictionary defines a “perfect storm” as “a detrimental or calamitous situation or event arising from the powerful combined effect of a unique set of circumstances”.  It is also, in our opinion, an appropriate and pragmatic way of describing the wide and diverse array of catalysts for the ongoing correction in the equity markets. Like […]

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September

Per Stirling Capital Outlook – September 2018

01 Per Stirling Capital Outlook September 2019

One of our all-time favorite quips came from Mark Twain, who noted that “while history does not repeat itself, it oftentimes rhymes”.  With that particularly pithy caveat as a disclaimer, there are some strong and notably persistent tendencies in the capital markets that are unique to midterm election years, and which can create both challenges […]


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