Angeles Investments

Webinar reminder for Thursday, October 17 at 8:30am PT/11:30am ET Politics and Profits: What Really Matters to the Markets? Elections matter on many levels, but do they matter to the markets? Please join Angeles Investments Chief Investment Officer, Michael Rosen, for a review of what election history tells us to expect in November and beyond. Please register using the link below: https://lnkd.in/gMbu8UX7

We are pleased to provide you with our Investment Commentary from Angeles Investments Chief Investment Officer, Michael Rosen. "Don't fight the last war" is sound advice to military planners, but also good guidance for investors and policymakers. Maginot examines the consequences of failing to follow this adage by investors, politicians and generals. We hope you enjoy Maginot. https://lnkd.in/dxEe7Vj4

Webinar - Politics and Profits: What Really Matters to the Markets? Elections matter on many levels, but do they matter to the markets? Please join Angeles Investments Chief Investment Officer, Michael Rosen, for a review of what election history tells us to expect in November and beyond. Thursday, October 17 8:30am PT/11:30am ET Please register using the link below: https://lnkd.in/gSSWqwrv

Global equity and bond returns were positive in September. The S&P 500 returned 2.1%, the MSCI ACWI increased 2.3%, and developed non-U.S. equities (MSCI EAFE) rose 0.9%. In the U.S., growth stocks outperformed value. The Bloomberg Aggregate Bond Index returned 1.3% and U.S. High Yield returned 1.6%. U.S. CPI slowed its advance, as the year-over-year inflation rate decreased from 2.9% through July to 2.6% as of August 2024. Equity and fixed income markets delivered positive performance in the third quarter of 2024. By the end of September, markets saw positive equity returns following the Federal Reserve's interest rate cut of 50 basis points and other central banks, such as the European Central Bank, which cut its interest rate for the second time down to 3.5%. Additionally, markets were supported by China's new stimulus measures. #stocks #markets #investmentadvisor #investmentadvice #investing #wealthmanagement #stockmarket #equities #investments

On Wednesday evening, Angeles Investments hosted our annual fall Cocktail event in New York City. We enjoyed the wonderful evening connecting with friends overlooking the iconic Seagram Building. Thank you to everyone who joined us, we look forward to reconnecting soon.

Yesterday, our CIO Michael Rosen joined Nicole Petallides on Schwab Network to discuss the market's response to the Fed rate cut, the state of the bond market, equity performance and more. Michael's key takeaways include: The market doesn't move in a straight line but rather in a step function—reason enough for investors to stay invested. • While short-term rates are falling and long-term rates are rising, there's limited value at the long end of the curve. Medium-duration bonds currently offer the best value in this market. • As long as profits stay strong, equity markets remain robust, providing investors with confidence to stay the course. • Be aware of potential geopolitical risks, especially in the Middle East and Taiwan, which aren't fully priced into the market yet. See this and other news from Angeles Investments here: https://lnkd.in/eDUWiiDx

2:00pm ET Today - Angeles Investments CIO Michael Rosen will be live from the NYSE TODAY on The Watch List hosted by Nicole Petallides. Tune into the Schwab Network to hear Michael's views on discrepancies he sees in the bond markets and the core drivers of equity markets. Spoiler alert - it is not politicians. (image credit - Schwab Network)

Angeles Investments deepens its institutional presence on the East Coast with the relocation of Evgenia (Evie) Raikh to our New York City office. An Angeles partner and senior leader within our private markets team, Evie will expand and strengthen our regional investment capabilities while solidifying Angeles' commitment to growth in New York and along the East Coast.

In comments to Reuters today, Angeles Investments CIO Michael Rosen is looking beyond today's FED announcement for bond investors.

Our CIO Michael Rosen shares his outlook for bonds with Paul La Monica as we approach a potential Fed rate cut. With the bond market rallying and long-term treasuries outperforming, Michael questions how much momentum remains: "How much of a rally is left in bonds, even if you expect a massive drop in rates?" According to Michael, the potential for further gains appears limited. Read more below: