Goelzer Investment Management

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 can expect this week’s data releases and next week’s election to give markets a clearer direction. For more, please read Goelzer’s Weekly Market Update.

Collaborative WIM (Women in Investment Management) in association with Goelzer hosted an exclusive roundtable discussion, Trailblazing Women in Leadership, in our new office in the Carmel Arts & Design District last Friday. The event brought together women leaders in our community to connect, collaborate, and share insights. Goelzer was also given an award for being one of the Founding Sponsors of CWIM. For more information about CWIM, please visit https://lnkd.in/enkqMmCW. Janet Sweet, CFA, CAIA, Sarah Yao Schutzman, CFA, Arielle Bittoni CFA, CFP®, Christine Tinker, CFA, Helena Ocampo, Michelle Jann, CFP®, CPWA®, CDFA®, Suzy Goelzer, Cheryl Ackerman

We are pleased to announce that Chris W. Cotterill will serve as our firm’s President effective January 2nd. Chris will succeed Brett McKamey, CFA, who has served as our President since 2003. As Senior Partner, Brett will continue to advise many of our highest-net-worth private clients and serve as an ex-officio member of our leadership team. His focus will shift to strategic initiatives that support the needs of our clients and position our advisors and consultants for success.

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 Federal Reserve’s intention to lower its target interest rate became even more evident. Unfortunately for these homeowners, mortgage rates have not fallen since the Fed’s cut its target rate by 0.50% last month. Rather, longer-term interest rates, including 30-year mortgage rates, have risen. For more, please read Goelzer’s Weekly Market Update.

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. As our Chief Investment Officer, Gavin W. Stephens, explores in our latest Insights piece, such periods of falling rates have frequently been followed by above-average stock returns and positive bond returns. However, while periods of falling short-term interest rates have supported portfolio returns broadly, Stephens cautions investors to consider two factors relevant to this rate-cutting cycle.

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 revenue growth between large caps and small caps in the second half of 2025. Should this materialize, small-cap stocks could soon be back in favor. For more, please read Goelzer’s Weekly Market Update.

Goelzer Investment Management is proud to be a presenting sponsor of this year's Indiana Philanthropy Alliance's 2024 Philanthropy Leads conference. This event explores grantmaking practices and the pivotal role of philanthropy in addressing today's societal challenges. To learn more about the conference and the IPA, please visit www.inphilanthropy.org.

We are excited to announce that Gabe Tilton has joined us as our new Front Desk Receptionist. In this position, Gabe welcomes our guests and supports our advisors, consultants, and other professionals in providing The Goelzer Experience to our clients, colleagues, and other community guests.   Welcome to #TeamGoelzer, Gabe!

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 the stimulative effect on the Chinese stock market.    For more, please read Goelzer’s Weekly Market Update.

#TeamGoelzer enjoyed attending the football-themed fundraiser for Big Brothers Big Sisters of Central Indiana (BBBSCI) featuring former Colts wide receiver Reggie Wayne last week. Goelzer was a Blitz Sponsor of the event. For more information on BBBSCI and its mission to create and support one-to-one mentoring relationships that ignite the power and promise of youth, please visit https://lnkd.in/e8xuakfT. Angela Morphew, Sherri L. Wilson, Gabe Tilton, Gaye McKinney, Jeffrey J. Borgert, CAIA, Heather Tilton, Chris Tilton