Reality Check

April 2, 2018
Investors enjoyed a tremendous 2017. An improving economy and ample global liquidity resulted in rising stock markets with unusually low volatility. This environment lasted through January, while February ushered in a market correction which is still underway. Lyell Wealth Management sees numerous changes occurring in...
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Lyell Update

December 15, 2017
2017 has certainly been an interesting year. There have been many reasons why one might have wanted to bet that “the end has come” to this economic expansion and the accompanying stock market rally, yet the upward trends have remained in place. Fortunately, Lyell has...
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Is It a Peak?

September 30, 2017
The year thus far has been marked by yet another rally in asset prices, as the majority of global investment markets continue to trend higher. The following chart (chart 1), which tracks the number of record-setting daily closes of the NASDAQ 100, indicates that 2017...
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Summer Snapshots

June 15, 2017
The global economy continues to exhibit improved growth through the first half of the year. Although no region is booming, the major economies in Europe, Japan, and China are performing better than in recent years, while the U.S. maintains a steady pace. Evercore ISI has...
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March 20, 2017
Lyell dedicates significant resources to pay for top-notch proprietary research. This access helps Lyell decipher real economic and market data and trends versus the sensational-seeking “news” disseminated by the media. We intend to periodically publish a Snapshots issue that compiles charts, tables and graphs that...
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Second Wind

January 3, 2017
For those concerned that this economic expansion is getting too long in the tooth, consider that we have in many ways just exited a mini-recession. The rapid appreciation of the U.S. dollar starting in the summer of 2014, coupled with the plunge in energy prices,...
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Election Edition

October 4, 2016
We are fielding many questions regarding how we are positioning portfolios in anticipation of the presidential election. The stock market has thus far taken the upcoming event in stride through what is typically its most volatile season. Is it the market’s confidence in the status...
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Unforced Errors

September 8, 2016
We are in an unusual economic and market environment. Sub-par economic activity, unprecedented aggressive monetary policy, historically low interest rates and high financial asset prices are vexing most market participants. Technology, communications, globalization and demographics are among several factors which are presenting unique challenges and...
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The Big Picture

July 27, 2016
There is a tendency to overstate present challenges, feeling that things have never been more uncertain. We romanticize the past, believing that prior eras were easier. With the benefit of hindsight, we downplay the severity of the threats from those times. The future, in which...
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