Repo Stress

Volatility returned to the stock markets in August after the broader indices all posted double digit returns through the first seven months of the year. While the overall market environment appears benign, there were troubling developments in the short-term lending repurchase (repo) market. This event received a lot of attention because it came as a surprise to the Federal Reserve (Fed) itself, and it stirred memories of the kind of emergency measures the Fed took preceding the Great Recession. The Fed has intervened appropriately, but the turmoil highlights a fragility…

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Valuation and Breaking Down S&P Returns

The Standard & Poor’s 500 has returned +18% year to date through the second quarter of 2019. This was the best first half showing for the S&P in 22 years. This performance stands in contrast to the darker mood that prevailed seven months ago when the market completed a painful 20% sell-off. We’d like to report that these returns year-to-date are the result of improvements in earnings growth expectations and the macro-economic outlook. While that would be a true feel good story, it would not be accurate. Returns this year…

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06/22/2019: Eagle Ridge Participates in Swim Across America Event to Raise Funds for Cancer Research

Over the past few months, Alie Hamilton of Eagle Ridge Investment Management organized a team to participate in Swim Across America's Fairfield County Open Water Swim.  She and nine other swimmers completed swims of 0.5 miles to 3.0 miles on June 22nd off Cummings Point in Stamford.  Aside from Alie, David Laidlaw, Eagle Ridge's Managing Member, also swam in the event along with other local professionals and dedicated swimmers.  The weather was perfect with clear blue skies and everyone was invigorated by the brisk water and challenging swim.  The team…

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Michael B. Oliver Joins Eagle Ridge

Eagle Ridge Investment Management, LLC is very pleased to announce the hiring of Michael B Oliver, CFA. Mike will be directly involved in portfolio management, financial planning and client service at Eagle Ridge.  Prior to joining Eagle Ridge, Mike worked as a Senior Wealth Manager for BNY Wealth Management advising high net worth individuals/families, family offices and tax-exempt institutions for 6 years.  Prior to that, Mike worked for 3 years at Lazard Wealth Management as a Vice President and Senior Investment Analyst and for 4 years as a Vice President…

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Canary in the Coal Mine?

It’s an understatement to say that the Great Financial Crisis of 2008/2009 has not easily been forgotten by US equity investors. It looms large in peoples’ psyche even today - eleven years later and well into the second longest economic expansion in US history. Investors and market pundits are extremely busy predicting the arrival of the next US recession. We’ve written previously about the dangers of ‘market timing’ - the belief that investors can time stock investments correctly to avoid sell offs (without actually doing more damage to longer run…

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