Investing is all about digging beyond the headlines in the financial press. When you peel back the layers of the capital markets, there is always more detail to uncover, either confirming your investment strategy or allowing you to shift tactically. Listen to this week’s episode as we acknowledge that the capital markets are very intertwined amidst recent […]

Our Equity Strategies Focused Growth Strategy: The Focused Growth portfolio is a concentration of Winthrop Capital’s top equity ideas across medium- and large-cap companies.  The portfolio invests in companies with above-average revenue and earnings growth, performance momentum, and a sustainable business model for the future. Our relative value discipline allows us to measure risk and […]

A year ago, we discussed on this podcast the spread of COVID-19 and how it was affecting the capital markets. March 16, 2020 was the worst one day sell-off in stock prices since 1987. The S&P was down -26% year-to-date, and bond yields declined to historic low levels. At the same time, volatility spiked to […]

More Money Saturday the Senate passed President Biden’s fiscal stimulus package designed to provide support for households and small businesses. The next step is to go back to the House on Tuesday for a final vote. Totaling an expected $1.9 trillion, this is the third stimulus package post- pandemic and comes on the heels of […]

The Economy In spite of Federal Reserve Chairman Powell’s assertion that the Fed would support ultra-easy monetary policy over the prolonged future, a sharp rise in interest rates persisted and markets displayed signs of stress last week as equities sold off. Fed Chairman Powell, in testimony last week before the Senate Banking Committee, reaffirmed the […]

The Economy Our base case economic outlook this year is that the vaccine is ultimately successful in controlling the spread of the COVID-19 virus. The intersection of the spread of COVID-19 and the vaccination will likely be late spring. With warmer weather and lower rates of infection, we expect an increase in the travel, leisure […]

The Economy The key issue that investors are focused on today is fiscal stimulus. What is the next tranche of fiscal stimulus, when will it come, and how large will the package be? President Biden has proposed a $1.9 billion fiscal stimulus plan, and Republicans have pushed back on the size of the plan over […]

The Economy We are currently living through a very unusual recession. For nearly an entire year, much of the U.S. economy has been shut down, and the government has responded by arming businesses and households with a war chest of cash to spend. The Commerce Department reported last week that the U.S. economy shrank by […]

Investment Strategy We believe we are in a transition period where industries that were impacted by COVID-19, such as retail, restaurants, travel and leisure, are performing better than the large cap tech companies that led the market last year. Last week, we saw a meaningful switch in performance leadership as Energy and Financials led the […]

Established Variables: This week marks the beginning of a new presidency with a new agenda. President-elect Joe Biden unveiled his $1.9 trillion stimulus plan last week, which will be in addition to the $900 billion plan passed by Congress in December. More fiscal stimulus is anticipated which will support small business and consumers for the […]