Market Analysis & Our Perspective

Wescott: A History of Our Advice 2014

For your consideration, we have assembled a collection of excerpts from past Wescott Investment Commentary. Throughout a series of bull and bear market cycles, our clients have been able to weather the turbulence due to our adherence to asset allocation, our emphasis on having adequate liquidity to ride out the storms, and our rebalancing strategies…

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Wescott’s 2014 Global Asset Allocation Perspective

Our first report was published in 2005 and updated in 2006; the initial reports discussed our decision to increase our allocation to non-U.S. equities and the phased-in implementation. Since early 2007, 40% of our allocation to equities has been allocated to non- U.S. equities (for a 60% equity portfolio, 12% of the total portfolio is…

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Our Outlook for 2014 – Can it Happen Again?

Looking forward, there are many good reasons that the bull market is likely to continue. The economy is back on track for growth. Yet there are many who are bracing for a down market and have low expectations for the equity market in 2014, due to last year’s extraordinary performance. We enter the New Year…

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Wescott’s 2013 Global Asset Allocation Perspective

Our first report was published in 2005 and updated in 2006; the initial reports discussed our decision to increase our allocation to non-U.S. equities and the phased-in implementation. Since early 2007, 40% of our allocation to equities has been allocated to non- U.S. equities (for a 60% equity portfolio, 12% of the total portfolio is…

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What We’ve Been Through and Where We Are

Now that the equity market has recovered from its lows that were reached during the worst financial crisis since the Great Depression, investors, as is common in such a time, are wondering if it might be a good time to get out of the market and lock in their gains. In this article, we revisit…

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Playing Defense with our Bond Portfolios’ Positioning

We believe that we are facing a treacherous time for bond investments that have been made without regard to pricing and interest rate sensitivity. The mad rush to bonds resulted from extreme risk aversion to stocks. After cashing out of stocks at the wrong time, investors rushed into bonds at a time of historically low…

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Market Outlook and Perspective for 2014

We attended the 32nd Annual Monetary and Trade Conference recently held in Philadelphia by the Global Interdependence Center. The topic “Monetary Policy in Transition: Implications for Growth, Markets and the Dollar” brought forth various perspectives about the Federal Reserve and its options going forward. Presenters included economists, academics, investment professionals and former members of the…

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Second Quarter Market Outlook and Perspective for 2014

Market Outlook and Perspective The fearmongers are back, with articles and newsletters predicting the next “50% crash” and numerous opinions about valuations, with Professor Jeremy Siegel and Nobel Prize winner Robert Shiller engaged in a public debate. We thought it would first be helpful to put in perspective how rare it is to have a…

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Our Market Perspective and Outlook for 2015

The global economy is improving, however, the slow pace of growth and an element of “crisis fatigue” may be casting a shadow over the green lights we see for the economy. There are many reasons to be optimistic for the remainder of 2015. In the U.S., employment conditions are improving in many sectors. March revisions…

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