The Election Is Finally Over. Now What?
Finally, the election is over. For many months over the past year, investors parsed inflation reports, employment reports, and even formerly exotic reports such as the Senior Loan Officer Opinion
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November 20, 2024: Are Tariffs Really Inflationary?
Since the election, many have assumed higher tariffs will lead to higher inflation. However, a closer look reveals this may not be the case. During the 2018 trade war, PCE
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November 6, 2024: A Cooling Market for U.S. Workers
After two light weeks of economic news, last week brought a surfeit of economic data releases and corporate earnings reports. Among the former, investors received two reports on the U.S.
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October 30, 2024: Stock Market Stability Belies Bond Market Volatility
As the stock market continues to notch new highs, underlying uncertainty may go unnoticed. While the stock market projects calm, increased volatility is clearly visible in the bond market. You
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Chris W. Cotterill to Serve as President of Goelzer, Succeeding Brett D. McKamey
We are pleased to announce that Chris W. Cotterill will serve as our firm’s President effective January 2nd. Chris will succeed Brett D. McKamey, who has served as our President
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October 23, 2024: The Federal Reserve Cuts Rates—And Rates Go Up
For much of 2024, many homeowners held hopes to refinance their 7-8% mortgages into lower-interest loans as interest rates fell. Those hopes likely grew later in the summer as the
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Rates Are Coming Down. Now What?
As we enter the fourth quarter we can make a prediction with reasonable confidence: short-term interest rates will move lower over the next 12-18 months. In fact, they have already
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October 9, 2024: Will the Small Fish Catch Up to the Big Whales?
2024 is set to mark the fourth consecutive year of small-cap stock returns lagging large-cap stock returns. But optimism has surfaced on the horizon. Analyst forecasts point to parity in
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October 2, 2024: How Restrictive Are Interest Rates?
Long awaited stimulative actions from the Chinese government captivated investor attention last week. Whether these actions deliver their intended jolt to China’s economy remains to be seen. Indisputable, however, was
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September 25, 2024: Another Atypical Rate-Cut Cycle
Periods in which the Federal Reserve lowers interest rates have typically been positive for equities. Moreover, defensive stocks, such as those found in the consumer-staples sector, have tended to outperform
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Where Have All the Public Companies Gone?
A frequent topic in the financial world has been the downward trend in the number of publicly listed companies in the U.S. stock markets. Peaking back in the mid-1990s at
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September 18, 2024: The Descent Is the Hardest Part
This week the Federal Reserve will almost certainly join other major central banks in easing monetary policy. It has been a long time coming. The Federal Funds target rate reached
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September 11, 2024: An Unpleasant, Yet Ordinary, Week in the Stock Market
For investors in U.S. stocks, last week’s 4.2% decline, as measured by the S&P 500 Index, was unpleasant but certainly not unique. In fact, declines of that size occur regularly
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August 28, 2024: Rate Cuts Are Coming… But How Many?
Last Friday in Jackson Hole, Federal Reserve Chair Jerome Powell made clear that the Federal Reserve will move its target interest rate lower next month. This move will come after
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The Impact of Biases on Financial Decisions
“History never repeats itself;man, always does.” – Voltaire In the complex world of financial decision-making, our choices are influenced by psychological biases that can lead to less-than-optimal outcomes. Anchoring,
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August 21, 2024: A Bad Dream, or More to Come?
The market’s recent days of volatility might feel today like the distant past. Last week, the S&P posted its strongest weekly performance since last November, pushing the index higher and
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August 14, 2024: Return to Normal: Negative Stock-Bond Correlations
We have seen a notable shift in stock-bond correlations this year as inflation declines. Historically, high inflation leads to positive correlations, meaning stocks and bonds move in the same direction,
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August 8, 2024: Volatility Awakens from Its Slumbers
This Monday’s trading day offered two historic market moves. The 12%, single-day drop in Japan’s Nikkei stock-market index was the largest decline in that index since 1987. Domestically, the so-called
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July 31, 2024: A Welcome Rally in Beleaguered Stocks
A rotation out of the crowded AI trade has benefited beleaguered small cap and value stocks. A historically narrow market, led by a handful of large tech companies, left many
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July 24, 2024: Stay Focused on Earnings
Last week’s economic releases delivered a mixed picture. On the one hand, a better-than-expected retail sales report signaled that consumer spending continues to expand—at a slower rate than last year,
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Goelzer Investment Management Selected as United Way of Central Indiana’s Spirit United Award Winner
Spirit United is the most prestigious recognition the United Way awards to its corporate partners. July 22, 2024 INDIANAPOLIS – Goelzer Investment Management, one of Indiana’s largest registered
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July 17, 2024: The Economy Cools & Earnings Estimates Warm Up
The flurry of earnings reports is about to begin, and the primary question for investors this season is how the gap between weakening macroeconomic data will reconcile with optimistic, bottom-up
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Investment Implications of This Year’s Election
We are frequently asked about the upcoming U.S. election and how the results of that election might affect the economy and markets. What follows is a concise summary of certain
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July 10, 2024: Why Interest Rate Cuts Are Becoming More Likely
The Fourth of July holiday may have shortened last week’s trading schedule, but the holiday could not keep investors from growing increasingly focused on the probability of interest rate cuts
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June 26, 2024: How Nvidia Became “The Most Important Stock in the World”
Since the beginning of May, Nvidia’s stock has appreciated 42%. Such a two-month move in a stock is not in itself unusual. However, this level of stock appreciation is unusual
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Strategically Managing Portfolio Risks
“You can only control your decisions, you cannot control the result.” While difficult to attribute to any one person, this sentiment is useful advice for institutional investors as they navigate
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June 19, 2024: Positive News on the Inflation Front
A few months ago, an unorthodox economic theory began to gather attention. Rather than constraining economic activity, could higher interest rates instead be stimulating it? The question seemed timely. Despite
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June 12, 2024: Understanding Inflation Measures
When interpreting this week’s CPI report, it is important to note that inflation measures are not created equal. The Consumer Price Index (CPI) is based on a fixed basket
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June 5, 2024: The Fed Model: A Questionable Timing Tool
For much of the past 15 years, low bond yields have helped push up stock prices as investors found few alternatives to stocks in attempting to reach their return objectives.
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May 22, 2024: Opportunities in Artificial Intelligence
With Memorial Day weekend and a quiet week of economic news ahead, the market is laser-focused on this week’s earnings report from NDIVIA, considered by many to be the bellwether
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Business Succession Planning: Considerations for Every Stage
Depending on what stage you are at in the lifecycle of your business, business succession may have very different meanings. While revenue, expenses, profits, and opportunities for growth will always
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May 15, 2024: Why Are Consumers Pessimistic?
Last week’s consumer sentiment report from the University of Michigan reaffirmed that consumers are feeling increasingly negative about the economy. These negative sentiments persist despite jobs growing at an average
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May 8, 2024: A Strong Start to the Year in Corporate Earnings
High interest rates, global conflict, problems in commercial real estate—despite these ongoing concerns, the U.S. corporate juggernaut carries forward. Through Monday, over 85% of companies in the S&P 500 Index
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May 1, 2024: Why Budget Deficits Matter
This week, investors will digest a litany of economic data, including updates on the U.S. job market and on manufacturing and service activity. These releases come amid a busy week
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Narrow Stock Market, Again
Last year, we published two quarterly Insights papers noting the narrow performance of the U.S. stock market, and for good reason. Over half of the S&P 500 Index’s 24.2% price
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Concentrated Stock Positions: Considering Your Next Steps
Morgan Housel in his book, Psychology of Money, discusses a phenomenon that is the obsession of many but achieved by few: creating significant wealth, as quickly as possible. He says
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Best Place to Work in Indiana 2024
Goelzer Investment Management Selected as a Best Place to Work in Indiana Again in 2024 March 4, 2024 INDIANAPOLIS – Goelzer Investment Management, one of Indiana’s largest registered
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Accessing Private Markets with Interval Funds
Interest in accessing private market assets continues to grow among institutional and high net worth investors. Often referred to as alternatives, private market assets are simply the ability to invest
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MarketWatch, January 19, 2024
I want my son to inherit my $1.2 million house. Should I leave it to my second husband in my will? He promised to pass it on. Director of
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Our Annual Look into the Future
For all but a few prognosticators, 2023 was a humbling one. As we mentioned in last quarter’s Insights, most economists entered 2023 predicting a recession. And stock market forecasters were
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Gavin W. Stephens, CFA to Serve as Chief Investment Officer
We are pleased to announce that Gavin W. Stephens, CFA will serve as the firm’s Chief Investment Officer effective January 1st. As CIO, Gavin will lead our Investment Management team,
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Special Event with Marianne Glick & Yvonne Shaheen
As part of our engagement with endowments, foundations, non-profits, and other institutions, we hosted Marianne Glick and Yvonne Shaheen for a moderated conversation in November to focus on their
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Goelzer Releases 2023 Community Engagement Report
December 13, 2023 We are proud to share our new Community Engagement Report, which highlights our efforts this year to Enrich the Lives of Our Clients, Colleagues, and Community.
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Best Place to Work in Money Management 2023
Goelzer Investment Management, Inc. Selected as a Best Place to Work in Money Management in Nationwide Review by Pensions & Investments NEW YORK, NY (Dec. 12, 2023) – Goelzer
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Bringing Clarity to Your Legacy
Warren Buffet once remarked, “Someone is sitting in the shade today because someone planted a tree a long time ago.” Planting and nurturing a tree to the point that it
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Where’s My Recession?
In the mid-2000s, author Daniel H. Wilson published “Where’s My Jetpack?,” a book for frustrated futurists in search of techno wonders promised long ago. Somewhat like Wilson, investors have spent
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Sustainable Spending Policy: What Nonprofits Should Know
Among the many decisions facing an investment committee, few are as critical as setting an appropriate spending policy. Comprising a set of rules to govern how a nonprofit will distribute
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The Tax Cuts & Jobs Act of 2017: Gazing into the Sunset
All Good Things May Come to an End The Tax Cuts and Jobs Act of 2017 (TCJA) received a great deal of attention for providing significant income tax savings
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MarketWatch, August 14, 2023
Dear Tax Guy: I inherited a lake house, but want to give my share to my sister. How can we do this — and avoid paying taxes? Director of
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Artificial Intelligence: Analysis from an Investment Perspective
During the first half of 2023, the S&P 500 Index returned 16.8% with nearly three-fourths of that performance coming from just ten companies.1 The dominating theme driving these lopsided returns
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The Narrow Stock Market: And the Trends That Got Us Here
Much has been written about the U.S. stock market’s narrow performance this year—and for good reason. At its most extreme, five months into the year, all of the S&P 500
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Strategies for Institutions to Manage Excess Cash
“Is our money safe at the bank?” Until recently, that question probably has not kept you up at night. However, unprecedented times tend to shuffle priorities, and, with the recent
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Tax-driven Retirement Plan Choices Post-SECURE 2.0
The past few years have presented a chaotic landscape of new rules and regulations related to federal income taxes. The recent passing of SECURE Act 2.0 in late 2022 created
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The Path to Normal
I am often asked, “When will things return to normal?” Despite their daily routines returning to normal, investors continue to feel the aftershocks of the Covid-19 pandemic in the economy
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Nurturing Donor Base Critical for Institutions of Higher Ed
Overall, people are giving more to nonprofits. Over the last 40 years, the average yearly increase in charitable giving in the U.S. has been $10.7 billion and reached an all-time
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Thoughts on the Fallout from Silicon Valley Bank
In recent days, state banking authorities and the FDIC have closed three banks: Silvergate, Signature Bank, and Silicon Valley Bank (SVB). Both Silvergate and Signature Bank held a niche in
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Planning to Protect Your Legacy
A vital part of comprehensive wealth planning is the estate plan. If you have invested the effort to define your goals, manage your cash flow, and save and invest toward
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Best Place to Work in Indiana 2023
Goelzer Investment Management Selected as a Best Place to Work in Indiana Again in 2023 February 27, 2023 INDIANAPOLIS – Goelzer Investment Management, one of Indiana’s largest registered
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Improved Expectations
Investors have been through a volatile multi-year stretch. The combination of a worldwide pandemic and erratic monetary policy led to 20% or greater declines for U.S. stock prices in three
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MarketWatch, December 27, 2022
Dear Tax Guy: I bought a portable oxygen concentrator for a friend with terminal cancer. Could it be a charitable donation? Senior Wealth Advisor Michelle Jann reviews some of
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Charting Your Financial Journey in 2023
Are you interested in moving your finances in a different direction in 2023? If so, it is time to plan your trip. And like all trips, your financial journey will
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MarketWatch, December 21, 2022
Opinion: RMD calculation for charitable contributions: Here’s the most tax-efficient way to give Senior Wealth Advisor Michelle Jann reviews the benefits of qualified charitable distributions (QCDs) for MarketWatch readers.
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Goelzer’s Special Event with Moira Carlstedt, John Elliott, & Ann Murtlow
On November 29th, more than a hundred non-profit leaders, board members, and friends joined us for a special, moderated conversation with Moira Carlstedt, John Elliott, and Ann Murtlow that
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TD Ameritrade Network, December 16, 2022
The Best Way to Construct a Portfolio in Today’s Market Director of Portfolio Management Gavin Stephens, CFA, joined “Morning Trade Live” host Oliver Renick to talk about fixed income,
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Goelzer Releases 2022 Community Engagement Report
December 12, 2022 Our core purpose is to Enrich the Lives of our Clients, Colleagues, and Community, and our 2022 Community Engagement Report highlights our many efforts this past
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Giving Strategies in a Challenging Market
As Thanksgiving approaches, our thoughts often shift to loved ones and our communities. The season of giving also begins with Giving Tuesday taking place the week after Thanksgiving. Many people
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When Good News Is Bad News
As this difficult year for investors moves ahead, a peculiar logic is taking hold over the markets: what is good is bad, and what is bad is good. In other
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The Bond Buyer, July 28, 2022
Munis follow UST rally post-weak GDP; fund inflows return Director of Portfolio Management Gavin Stephens, CFA, tells The Bond Buyer that most of the damage to bonds is finished
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MarketWatch, July 26, 2022
Here’s the threat to markets if investors ignore ‘nontrivial’ stagflation risk In a current state of stagflation, Director of Portfolio Management Gavin Stephens provided commentary to MarketWatch about how
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The Rising Value of Money
In our April 2021 edition of Insights, I wrote that inflation would become the new worry for investors. With the consumer price index above 8% the past three months, that
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Wealth-building Strategies to Consider in Down Markets
In times of stress, our natural reaction is to either run for the hills, fleeing from what threatens us or to freeze and do nothing, choosing to endure and hoping
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The Wall Street Journal, June 22, 2022
Stocks Wobble as Powell Testifies Before Congress Director of Porfolio Management Gavin Stephens spoke to The Wall Street Journal about recent market moves and recession indicators. To read
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Life’s Third Act Podcast, June 21, 2022
A discussion on markets and Goelzer’s expansion into St. Louis Don Hutchinson and Brett Stehl discuss the economy and inflation, market strategies and Goelzer’s expansion into St. Louis with
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FIN-News, June 9, 2022
Investment Advisor Adds Institutional Consultant FIN-News, which provides insights on the institutional asset management space, reported on our hiring of Brett Stehl as an institutional consultant as we grow
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Goelzer Expands Services with Addition of Brett Stehl CFA®, CAIA as Institutional Consultant
INDIANAPOLIS, IN – May 31, 2022 – Goelzer Investment Management, an Indianapolis-based investment firm, is proud to announce that Brett Stehl has joined the firm to enhance Goelzer’s services to
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CNN Business, May 16, 2022
Stocks could fall a lot further Director of Portfolio Management Gavin Stephens is quoted on whether the Fed will stay the course and hike rates, despite the stock market
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Is a Fed Put in Play?
Will declining stock prices cause the Federal Reserve to alter its course? May 2022 During the last hiking cycle—a slow, deliberate cycle that began in December 2015—investors
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The Bond Buyer, April 27, 2022
Munis steady in their own lane amid UST volatility Director of Portfolio Management Gavin Stephens speaks about time-sensitive opportunities in municipal bonds. To read this article, please click
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On the Probability of Recession
April 2022 Prior to each of the past six U.S. economic recessions, the yield on 2-year U.S. Treasury notes has risen above the yield on 10-year U.S. Treasury bonds—a
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Reuters, April 22, 2022
Analysis: Some investors tiptoe back into Treasuries, as hawkish Fed clouds outlook Director of Portfolio Management Gavin Stephens discusses Goelzer’s bond strategy amid a hawkish Fed. To read
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The Bond Buyer, April 18, 2022
Munis hit on long end, play catch-up to Treasuries Director of Portfolio Management Gavin Stephens’ commentary on the chances of a near-term recession is quoted. To read this
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Sorting Through the Headwinds
April 2022 The new year has delivered a sharp jump in volatility across stock, bond, and commodities markets. Chart 1, for example, shows that daily price volatility for the
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Inflation Impacts Foundations in Unique Ways
March 2022 Inflation is at the top of most minds—and with good reason. The most recent information released by the US Bureau of Labor Statistics cites that the Consumer Price
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War in Ukraine: Implications for the Economy and Markets
March 2022 Following Vladimir Putin’s decision to invade Ukraine, we have fielded many questions about potential spillover effects of the war on the global economy and on financial markets.
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MarketWatch, March 25, 2022
Stock-market investors should watch this part of the yield curve for the ‘best leading indicator of trouble ahead’ Director of Portfolio Management Gavin Stephens speaks to Joy Wiltermuth about
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The Bond Buyer, March 24, 2022
Munis hit hard on short end, damage felt along curve Director of Portfolio Management Gavin Stephens’ commentary on the 3m/10y yield curve is quoted. To read this article,
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Barron’s, March 23, 2022
The ‘Yield Curve’ Is Close to Inverting. A Different Curve Tells a More Upbeat Story Director of Portfolio Management Gavin Stephens is quoted on why investors may be watching
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Best Place to Work in Indiana 2022
Goelzer Investment Management Selected as a “2022 Best Places to Work in Indiana” Company February 22, 2022 INDIANAPOLIS – Goelzer Investment Management, one of Indiana’s largest registered investment
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Best Place to Work for Financial Advisers
Goelzer Investment Management Named a 2022 Best Place to Work for Financial Advisers in Nationwide Program February 7, 2022 INDIANAPOLIS – Goelzer Investment Management, one of Indiana’s largest
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Our Annual Look to the Future
January 2022 “Tomorrow belongs to those who can hear it coming.” —DAVID BOWIE We have made it our practice to begin each year with an update of our 10-year
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Goelzer Releases 2021 Community Engagement Report
December 15, 2021 At Goelzer Investment Management, we are committed to enriching the lives of our clients, our colleagues, and those in our community. We believe that we
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ESG Investing: What, Why, and Considerations for Successful Implementation
November 2021 Growing interest surrounding ESG investing, which stands for Environmental, Social, and Governance, requires institutional investors to be aware of the challenges and considerations in successfully implementing ESG
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Where Have the Vigilantes Gone?
October 2021 “I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want
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What’s Your Business Exit Strategy?
Critical Actions for Success Most business owners agree that having a formal transition strategy is important, yet 80% of owners don’t have one. It’s easy to delay the process,
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When Volatility Matters
July 2021 Investing involves risks. One type of risk we all try to avoid is the permanent loss of money. But a more common risk faced by investors is temporary
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Goelzer Investment Management is Back Downtown
July 6, 2021 Goelzer Investment Management is proud to announce the full return of our team to our headquarters on the Circle in Downtown Indianapolis and the full reopening
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Market Trends: Why the Next 10 Years Won’t Be Like the Last 10 and What Investors Should Do Today
Goelzer Investment Management’s Institutional Advisory Team provides a unique look into capital market conditions with an eye towards the re-opening of the economy, intermediate implications of a shift in fiscal
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Inflation: The New Worry
April 2021 Investing is a never-ending struggle between worry and optimism. The past 14 months illustrated that better than any period in recent memory. Beginning with panicked selling set off
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Best Place to Work in Indiana 2021
Goelzer Investment Management Selected as a “2021 Best Places to Work in Indiana” Company February 2021 Goelzer Investment Management, one of Indiana’s largest registered investment advisory firms, is very
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More or Less the Same
“After changes upon changes we are more or less the same.” PAUL SIMON, “THE BOXER” January 2021 For all the economic turmoil and suffering the pandemic caused in 2020,
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Abnormal Economy, Abnormal Markets
October 2020 While still below January’s pre-pandemic level, the U.S. economy has made great progress since the lifting of lockdowns and restrictions. Yet today’s economy is far from normal and,
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How the CARES Act May Affect Your 2020 Taxes
October 2020 The CARES Act was passed in the spring in an effort to help Americans through the pandemic and ensuing economic turmoil. It also may provide a few additional
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Indiana Sheriffs: Protecting Your Pension in Changing Times
August 2020 In Indiana, our county sheriffs protect our communities and enforce our laws, and we are deeply grateful for the safety and security that sheriffs and their deputies provide.
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The Recovery Begins
July 2020 We’ll start with good news: the recession that began in February has already ended. That is not to say that the economy is back to where it was
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The Importance of Alternatives in Time of Crisis
June 2020 As equities experienced two bear markets and interest rates declined in the 2000s, interest in alternatives became more pronounced. This was coupled with innovation in financial instruments, including
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The Importance of a Strong IPS
June 2020 The importance of a strong Investment Policy Statement in times of crisis: What can (and should) you be doing? What happens when you make short-term decisions with long-term capital? Think long-term
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New Laws and Tax Strategies for 2020
June 2020 Over the past six months, Congress has passed two new laws that affect retirement, charitable giving, and estate planning. The new laws known as the SECURE (Setting Every
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Our Plan to Reopen Our Office Following the Recent Stay-at-Home Orders
May 2020 Goelzer Investment Management reopened our offices in downtown Indianapolis this week in accordance with our new Return to the Office Plan, which is designed to protect the health
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Maintain a Disciplined Approach
April 2020 Mitigation efforts to slow the spread of COVID-19 are affecting the daily lives of people around the world. Some 2.6 billion people are now living under government
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A Message about the Market’s Reaction to Coronavirus
March 2020 Given recent events, extreme volatility, and understandable concern, we want you to know we are very much present and assessing new information as it becomes available. We
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Goelzer Investment Management Welcomes Chris W. Cotterill as Chief Operating Officer
January 2020 “At Goelzer, intellectual capital has always been one of our strengths, and with Chris Cotterill aboard, we’re enhancing our management capabilities so that our clients continue to
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Markets Soar in an Imperfect Economy
January 2020 The stock market reminded us again this past year that a perfect economy is not required to push stock prices higher. Rather, prices climb on signs of
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Spending Guidelines for Institutional Investors
Most institutions rely on their investment portfolios to fund their budgets. From tuition assistance to basic operational assistance, these institutions have drawn on their investment funds to fulfill their missions.
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What the markets are telling us
August 2019 What is one to make of the markets over the past six months? First the stock market fell 20% and bond yields declined, both correctly predicting a
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Why Own Bonds?
August 2018 The first three quarters of 2019 have produced unexpectedly strong results for bond investors. Slowing global economic growth, declining inflation expectations, and accommodative central bank policies have
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Why Your Bonds Should Be Actively Managed
August 2018 Investors have shown increasing acceptance of passive investment strategies. Meanwhile, funds that employ active strategies—that is, those with managers who strive to outperform their benchmarks—have lost market share
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Understanding Your Risk Capacity
We all face risks as investors. Stock market volatility, interest rate changes, and permanent loss of capital are just a few of the many risks we confront in pursuit of
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The Spending Question
April 2018 How much can I spend each year without depleting my portfolio? It’s a question we hear often from clients. While the question is simple, calculating the answer
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Our Long-Term Outlook
January 2018 It’s not just people who like to take time off now and then. Apparently, volatility also enjoys some time off—at least that’s what this past year’s stock
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The Economics of Natural Disasters
October 2017 Before starting this quarter’s discussion, I first want to extend from all of us at Goelzer our heartfelt sympathies to those who have suffered due to the
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Managing Bonds When Interest Rates are Rising
April 2017 “Higher interest rates may be coming.” That was the forecast we shared on these pages one year ago. Our forecast was based on expectations for higher inflation
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Recent Stock Market Rally — Too Far, Too Fast?
January 2017 The U.S. stock market was both a volatile and rewarding place to invest in 2016. Thanks to a sharp year-end rally set off by the U.S. elections,
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Low Interest Rates Require More Savings
October 2016 Central bankers across the developed world continue to rely on low or even negative interest rates to spur economic growth. The resulting low returns on bank accounts and
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Focusing on Your Earnings
July 2016 The chart below shows both the monthly prices and forward 12-months earnings for the S&P 500 Index since January 2000. What the chart makes clear is the
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Higher Interest Rates May Be Coming
April 2016 Markets have a way of wearing people down. By moving in one direction or staying within a range over an extended period, markets convince people that the
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Too Much, Too Many
January 2016 Since the start of the industrial revolution, people have worked to become proficient at mining, manufacturing, financing, and selling all types of goods. It became evident this
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The Role of Stocks in Meeting Your Income Needs
November 2015 Many investors are concerned with how to secure a reliable and growing stream of income. At Goelzer Investment Management, we believe the key to meeting your income
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Managing through Volatile Markets
October 2015 Volatility is back. The stock market’s mostly smooth climb higher since 2012 was interrupted this past quarter with stock prices, at the worst point, declining by 10% over
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