The Coury Firm

We would like you to join us in congratulating our Co-Chief Investment Officers, Thomas Deutsch and Jeff Coury II. This promotion is a testament to their hard work, dedication, and contribution to the firm. 

We're #hiring a new Senior Analyst in Pittsburgh, Pennsylvania. Apply today or share this post with your network.

We're #hiring a new Accounting Assistant in Pittsburgh, Pennsylvania. Apply today or share this post with your network.

We're #hiring a new Client Service Associate, Private Wealth in Pittsburgh, Pennsylvania. Apply today or share this post with your network.

As our Summer Intern Program ends, we cannot thank these students enough for their dedication and exceptional work! We hope that their time at The Coury Firm has given them the opportunity to learn and grow as they enter this next school year. Thank you again for your admirable work ethic this summer and we can’t wait to see what is next for you! #SummerInterns #InternshipProgram #TheCouryFirm 

Small-cap stocks are underperforming large-cap companies by the widest margin since the dot-com boom. There are fundamental reasons for this, and two are illustrated here. First, these two markets have very different debt profiles. Small-cap companies have a much higher degree of floating rate debt, which is disadvantaged in a higher interest rate environment. Second, the small-cap market has a much higher degree of unprofitable companies, which means they are more reliant on capital markets to fund their growth. This is another disadvantage in a higher interest rate environment when capital becomes more expensive. However, the potential for lower interest rates moving forward could begin to reverse this dynamic – and with it, the performance disparity between small and large-cap stocks. #markets #economy #assetmanagement #marketoutlook #stocks #thecouryfirm

We are extremely excited to welcome 6 young professionals to our Pittsburgh office for their 2024 Summer Internship Program at The Coury Firm! These students will enrich our teams by supporting important initiatives and contributing valuable ideas and work products across our firm’s three divisions: Business Advisory, Multi-Family Office, and Asset Management. Our teams will provide mentorship and hands-on job experience, equipping these interns with useful skills and learnings they can take forward in their future careers. We look forward to seeing what we can accomplish together this summer! #interns #summerinternship #thecouryfirm

A Broadening Rally Beyond Mega-Cap Tech Stocks The S&P 500 has become highly concentrated in terms of both composition and performance. The "Magnificent 7" stocks (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla) now make up 1/3 of the overall S&P 500 index value and have been responsible for 2/3 of the market performance during the last 2 years. However, this trend appears to be fading. Performance participation has broadened significantly with 185 companies outperforming the overall market year to date - a positive sign and a healthy development that can improve the prospects for a sustained market rally. It also suggests investors should reexamine their positioning for a changing landscape as broadening profit leadership highlights opportunities outside of the "Magnificent 7." #markets #investments #economy #assetmanagement #magnificent7 #technology #stocks #thecouryfirm

2024 is off to a strong start…   Strong first quarter performance for the S&P 500 tends to result in strong full-year gains.   Looking at the past 35 years, there have been 5 instances when the first quarter return for the S&P 500 was greater than 10%. In those instances, markets returned 13% on average over the remaining three quarters of the year, with average full-year gains of 28%. #markets #investments #economy #assetmanagement #thecouryfirm

We're #hiring a new Senior Associate in Pittsburgh, Pennsylvania. Apply today or share this post with your network.