Perspectives

Living With Covid | September 20, 2021

The global economy and markets navigated a rocky summer of accelerated Covid-19 infections despite widespread vaccinations in much of the developed world. The re-opening has been more modest than anticipated …

Re-Opening | May 14, 2021

The successful vaccine rollout has enabled a gradual re-opening across the United States and other parts of the developed world. A combination of money growth, wealth effect, robust earnings and …

2021 Snapshots | January 10, 2021

The global economy had a massive shock in early 2020 when the Covid pandemic erupted and shutdowns ensued. Despite a big rebound, U.S. real GDP was still 3.4% below its …

Easy Money | September 4, 2020

To many observers the global economy seems stuck on pause as Covid-19 rolls its way through different geographies. Workers able to work remotely are doing so, while millions of “non-essential …

Divergence | May 8, 2020

The speed with which this particular market episode has unfolded is unprecedented. It took just four weeks for the broad market to fall between 35-40%, bottoming on March 23, 2020. …

Pandemic | March 11, 2020

The last several weeks have seen an enormous amount of market volatility. Not just the stock market – this volatility has affected every financial market in the world, from stocks …

2020 Snapshots | January 15, 2020

Lyell Wealth Management invests substantial resources in proprietary research which helps us decipher real economic and market data apart from the sensationalist financial media. We periodically publish a Snapshots issue …

Running with Scissors | September 12, 2019

The markets are contending with many significant issues that have led to increased volatility. The primary issue is the U.S.-China trade war and associated slowing of the European, Japanese and …

Total Return | May 31, 2019

There is an old saying in the investment world that “Profits are an opinion, but dividends are a fact.” The implication is that nothing matters until an investor has received …

Patience | February 4, 2019

Last year was a turbulent one for investors in which virtually every asset class ended flat to down. As noted in the August Tug of War Perspective, Lyell Wealth Management …