Nowhere to Run, Nowhere to Hide

Martha and the Vandellas’ hit song from 1965 lamented “Nowhere to run to, baby, nowhere to hide.” In many ways that sentiment sums up the investment climate in 2018 whereby no single asset class has provided a 5% return. The root cause of the malaise is difficult to pin down as global trade seems to… Read more »

An October to Forget! November to Remember?

Throughout the second half of summer, JNBA’s Investment Committee warned that divergences between U.S. and foreign markets had elevated risks for the possibility of a broad-based market pullback.  While U.S. equities ignored these signals through September, they caught up in a hurry in October with the large cap S&P 500 dropping 7% while the small… Read more »

Economic & Market Update

October can be a scary month for all types of reasons: Halloween, dark evenings, ominous clouds, your favorite football team’s hopes crushed, political changes on the horizon, and as has happened many times in the past, market volatility that escalates. On several occasions the JNBA Investment Committee had written and discussed the idea that the… Read more »

Market Update — Global Divergences

We’re experiencing a large global market divergence, in which the U.S. market has continued higher, while much of the rest of the world has struggled. In the past, we’ve talked about the importance of markets moving up together. Today, the markets are certainly not moving up together, and historically, that has posed risks for equities.… Read more »

2018 Mid-Year Market Update

Be sure to check out our latest video where John Foster, Senior Advisor and Member of JNBA’s Investment Committee, explains key drivers in our market outlook for the balance of 2018. Included are perspectives on yield curves, interest rates, manufacturing momentum, earning expectations, and the seasonality of mid-term election years. Be sure to reach out… Read more »

Correlation and the Benefits of Diversification

Correlation is generally defined in the investment world as a statistic that measures the degree to which assets change in value relative to one another. However, diversification is a methodology practiced to reduce risk within a portfolio by combining assets (or investments) that have low correlations amongst themselves, thereby providing higher expected risk adjusted returns.… Read more »

Market Trends in Mid-Term Election Years

The quote “History doesn’t repeat itself, but it does rhyme” is credited to Mark Twain — although there is no evidence that he ever said it. The same can often be said of market cycles.  Since 1900, mid-term election years have had the worst median performance of any year in the four year presidential cycle… Read more »

JNBA Investment Committee Webinar

Please join JNBA Investment Committee members, Mark Evans and John Foster, as they present important investment considerations, including: 2017 — First Half Review Current Crossroads (Valuations) 2017 — Second Half Forecast Access the webinar by clicking here.   Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be… Read more »

Investment Insights – Bigger Isn’t Always Better

As the stock market has continued its broad-based rise over the past nine years, many investors have favored index-based investing over actively managed strategies. In addition to cost and tax benefits, index investing can help avoid investor biases such as hindsight, herding, overconfidence, and extrapolating. Accordingly, the JNBA Investment Committee utilizes conventional index strategies where… Read more »

Economic & Market Update

What is “Earnings Season?” In finance and economics everything seems to revolve around a quarter. A recurring three-month cycle that companies use to summarize operational results. Earnings season is the time frame, after quarter end, that public companies report financial results to the public ­— a significant period for investors to glean insight about specific… Read more »