by Kate Fries
On May 18th, The Family Firm hosted a panel discussion and dinner for clients looking for advice on caring for their aging parents. The event took place at The Bethesda Hyatt Regency and the panelists were: Linda Hill, a Clinical Social Worker specializing in Elder Care at Aging Network Services, Robin Mansfield, a Care Manager at Aging Network Services and Stacy Bakri, Financial Advisor at The Family Firm. Nate Gendelman, President of The Family Firm moderated the discussion.
It's got to be the most under-reported and unappreciated economic development in 2016: Europe's economic growth outpaced America's in the first quarter by a fairly healthy margin. Is this just a temporary blip or something more significant?
It wouldn't be wise to speculate about what the rest of the year might hold. Background factors that might help Europe are the decline in the euro over the past 18 months as well as continued pump-priming from the European Central Bank. Factors that work against Europe are the continued political dysfunction as well as resistance to structural changes.
One trend I have noticed lately is that the strong correlation between stock and oil prices has broken down.
Investors in nearly asset class had an enjoyable three months (ending April 30). Central banks continue to be supportive and the global economy continues to muddle through. Riskiest investments were very much in vogue, as emerging market, natural resource, and small cap stocks all recorded double digit gains. Broader market stock indexes also notched healthy gains. Bonds also recorded unusually large gains during the quarter, as the Fed signaled a pullback from plans for aggressive interest rate increases. The dollar fell and this provided a significant boost to international bonds.