Owner Resource Group is pleased to provide the following wealth management insights from Round Table Wealth Management.

Second Quarter 2021 Review

Dear Clients and Friends,

We hope you are enjoying summer! The “dog days of summer” were not discouraging the markets as they continued their upward trajectory with all major equity and fixed income indices generating positive performance for the quarter. As inflation concerns waned, growth equities rebounded and outperformed value-style investments by 6.7% based on Russell 1000 data. The subdued inflation outlook benefited fixed income investors as yields fell and prices increased, allowing the Barclays U.S. Aggregate Bond Index to recoup 1.8% of its negative year-to-date return.

We have not made any material changes to our portfolio positioning since our last correspondence. As we discuss in the Big Picture section below, consumer spending and cash levels (purchasing power), employment opportunities, historically low interest rates and massive government spending all support continued overweight allocations to equities. We recognize risks remain such as mounting U.S. debt, a high probability of tax increases and the COVID-19 Delta variant that is causing concerns outside the U.S.

We welcome a conversation with you to discuss our outlook. If you would like to learn more, please contact us for a personal meeting.

Owner Resource Group is pleased to provide the following wealth management insights from Round Table Wealth Management.

First Quarter 2021 Review

Capital markets provided mixed returns during the first quarter as value-style indices advanced, growth-style indices lagged and fixed income markets declined. A confluence of factors is creating both tailwinds and headwinds in the markets: Approved stimulus measures and proposed infrastructure spending combined with expanding COVID-19 vaccine deployments and easing mobility restrictions are expected to drive corporate earnings growth into the double-digits this year. Conversely, the associated risk of higher inflation and interest rates are pressuring growth-style equity valuations and bond prices. For the first time in years, quarterly performance for the Russell 1000 Value Index has outperformed both the S&P 500 and the Russell 1000 Growth Index by approximately 5.1% and 10.3%, respectively. Fixed income, which benefited last year from declining interest rates, generated a return of -3.4% as rising inflation and interest rate expectations pressured bond prices.

We have repositioned portfolios towards a more value-centric approach across equity allocations, including adding tactical positions that we believe may perform well as the U.S. initiates massive infrastructure spending. We are modestly underweight fixed income and continue to gravitate towards shorter duration bond strategies that are less impacted by inflation concerns and rising rates, while maintaining the safe-haven characteristics associated with the asset class. While the risks of 2020 are slowly fading, new and different risks (and opportunities) are presenting.

Owner Resource Group is pleased to provide the following wealth management insights from Round Table Wealth Management.

Fourth Quarter 2020 Review

We would like to first acknowledge and offer our heartfelt condolences and thoughts to those that lost loved ones or suffered economic hardship during this ongoing pandemic. It was a year like no other. Winston Churchill once said, “If you are going through hell, keep going.”  We agree: stay safe, stay positive and keep moving forward. We hope you had a reflective New Year’s and join us in looking forward to 2021 and beyond.

Despite the economic lockdowns of 2020 and emotional hardship, the capital markets performed admirably with the S&P 500 increasing approximately 18.4% by year-end and nearly all equity styles generating positive performance. Many of the risks that we highlighted throughout 2020 have dissipated: COVID-19 vaccines are being developed and deployed, stimulus measures are being passed to provide necessary funds for families across the country and the Presidential election has been decided and finalized. We are currently more optimistic than we were at this time last year and will remain constructive on markets near term. We are pleased with the performance that client portfolios generated and the tactical maneuvers we initiated to manage risk at the most concerning of times. Today, portfolios are largely unhedged as we are cautiously optimistic entering 2021.

Owner Resource Group is pleased to provide the following wealth management insights from our partners at Round Table Wealth Management.

Third Quarter 2020 Review

“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.” 
– Charles Dickens, A Tale of Two Cities.

Owner Resource Group is pleased to provide the following wealth management insights from our partners at Round Table Wealth Management

Second Quarter 2020 Review

First, we hope you and your family are happy, healthy and enjoying some return to normal life.