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Sam Moore

EWM Weekly Capital Market Highlights for Week Ending 10/11/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • US equities rallied at the end of a week of speculation on trade talks between the US and China, up between 1%-2%. Non-US equities also rose, with most major indices up 1%-2%.
  • The yield on the 10-year US Treasury Note jumped to more than 1.70% to close the week with hopes of progress in US/China trade talks. The 3-month/10-year Treasury curve was positive, a change from the inverted yield curve that historically has been a recession indicator.
  • The US dollar finished weaker against a basket of currencies, reflecting both rising expectations of a Fed rate cut later this month and optimism over a limited trade deal with China to close the week.
  • Gold fell about 2% on the week as of Friday’s trading.
  • Oil prices soared upon the news of an alleged missile attack on an Iranian tanker. Brent crude and WTI futures rose between 1.50%-2.00%.

Click here to download the complete weekly report: EWMWeeklyReview 10.14.19

Disclosure: Past performance is not necessarily indicative of future results.

Endowment Index™ Gains 1.04% for Week Ending 10/11/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,297.19 Friday, gaining 1.04% from the previous Friday’s close of 1,283.84. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

Endowment Index™ Q3 2019 Performance Update

By Endowment Index™

The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or who otherwise incorporate alternative investments within a comprehensive asset allocation. The Index provides an objective tool used for portfolio comparison, investment analysis, and research and benchmarking by fiduciaries, trustees, portfolio managers, consultants and advisers to endowments, foundations, trusts, defined benefit/contribution plans and individual investors.

About the Endowment Index™ calculated by Nasdaq OMX®

The Endowment Index™ uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets as of 12/31/2018. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. Real-time pricing data on the Endowment Index™ can be viewed under the symbol “ENDOW” through major quote providers, including Bloomberg as well as public websites such as Google and Yahoo Finance. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6.

Disclosure: Information presented is for educational purposes only and is not intended as an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies, nor shall it be construed to be the provision of investment advice. Past performance is not necessarily indicative of future results. Investments involve risk and unless otherwise stated, are not insured or guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any investment strategies discussed herein. ETF Model Solutions, LLC is registered as an investment adviser with the SEC. ETF Model Solutions is an affiliate of Endowment Wealth Management, Inc., an SEC registered investment adviser. Registration does not imply any level of skill or training, nor does it imply endorsement by the SEC or and other securities regulatory authority. You cannot invest directly in an index. Indexes do not contain fees. Performance information contained in this presentation is provided net of any underlying exchange-traded fund expenses, does not include any other fees or expenses. Past performance is not necessarily indicative of future results. A copy of the Firm’s disclosure document, Form ADV Brochure Part 2, is available upon request.

EWM Weekly Capital Market Highlights for Week Ending 10/4/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • US equities began the week on a disappointing note on concerns of an economic slowdown, with all broad-level indices in negative territory. However, markets rebounded later in the week in anticipation of employment figures being released. Additionally, large caps outperformed small caps; growth outperformed value; domestic stocks outperformed international stocks; and emerging markets outperformed developed markets.
  • Flight to quality was evident in the fixed income markets earlier last week, as the yield on the 2-year U.S. Treasury Note, which is highly sensitive to the outlook for Fed policy, fell to 1.38%, its lowest level since 2017. The 10-year Treasury yield declined to 1.53%, while the 30-year Treasury yield tumbled to 2.05% in the aftermath of weak manufacturing data.
  • Oil prices declined throughout the week on news of an unexpected rise in US crude supplies and concerns about overall global demand. The weak economic data led to a rally in gold but hit a roadblock later in the week after optimistic employment figures were released.
  • US Dollar Index traded lower during the week, after scaling a 30-day high on October 1. Since then, it drifted down, as investors lowered their expectations for the Fed to cut rates after Friday’s job report.

Click here to download the complete weekly report: EWMWeeklyReview 10.7.19

Disclosure: Past performance is not necessarily indicative of future results.

Endowment Index™ Falls 0.50% for Week Ending 10/4/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,283.84 Friday, declining 0.50% from the previous Friday’s close of 1,290.23. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

EWM Weekly Capital Market Highlights for Week Ending 9/27/19

By Financial Markets & Economy, Weekly Capital Market Updates
  • US equities experienced some volatility throughout the week, with the S&P 500 Index breaking the 3,000 level on Tuesday but subsequently trending lower. On the domestic front, larger capitalization stocks outperformed small caps, while international developed markets outperformed emerging markets.
  • The yield on the 10-year U.S. Treasury Note decreased slightly over the course of the week, settling at a rate around 1.70%.
  • Commodities were generally lower in the week, with oil at the center of investors’ attention. The WTI slipped to its lowest level in a 10-week span as concerns for global demand persisted.
  • Consumer confidence rose in September relative to August levels, according to the University of Michigan’s Index for Consumer Sentiment.
  • The Personal Consumption Expenditures Price Index (PCE), a Federal Reserve (the Fed) favorite for measuring inflation, rose slightly on a monthly basis and was up 1.80% year over year for August. This reading is below the Fed’s 2% inflation target.

Click here to download the complete weekly report: EWMWeeklyReview 9.27.19

Disclosure: Past performance is not necessarily indicative of future results.

Endowment Index™ Declines for Week Ending 9/27/19

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,290.23 Friday, declining 1.10% from the previous Friday’s close of 1,304.62. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

EWM Weekly Capital Market Highlights for Week Ending 9/20/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • Among equities, large caps outperformed small caps; value stocks led growth stocks; domestic stocks under performed international stocks; and emerging markets under performed developed markets.
  • Treasury yields trended downward during the week. The yield on the 10-Year U.S. Treasury Note fell roughly eight basis points during the week and ended around 1.76%.
  • Commodity indices were mixed during the week. Crude oil prices spiked early in the week but returned to prior-week levels by the week’s end. Natural gas prices marginally declined, while gold and silver prices held roughly flat throughout the week.
  • The US dollar increased over the week despite the Fed lowering interest rates. The resilient US economy and low inflation have bolstered the currency’s safe-haven status.
  • Among economic data released last week, August housing starts surged past expectations, with 1.4 million starts recorded after only 1.3 million were expected. Additionally, jobless claims for the week of September 14 came in lower than consensus estimates, indicating the job market remains robust.

Click here to download the complete weekly report: EWMWeeklyReview 9.20.19

Disclosure: Past performance is not necessarily indicative of future results.

Endowment Index™ Closes Lower for Week Ending 9/20/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,304.62 Friday, declining 0.30% from the previous Friday’s close of 1,308.54. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

Fun with Passwords

By General

Cyber security thieves are growing ever-more sophisticated, and it means that all of us need to be more diligent with protecting our digital or online information.

Registered Investment Advisers utilize the interface run by the FINRA (Financial Industry Regulatory Authority) for our regulatory reporting.  Like all cloud or internet based, services, usernames and passwords are required to utilize the site and passwords need to be updated on a regular basis.   Like many sites, Finra has adopted minimum standards in terms of character length and the inclusion of multiple character types within the password.  Finra goes one step further in that the site also maintains a lengthy  “Prohibited List” of words that cannot be included in the password on their site.  Here are a few humorous takeaways that I gathered from the list:

  • Passwords that include the names of popular pro sports teams are prohibited, including COWBOYS, GIANTS, LAKERS, YANKEES, REDSOX, or PACKERS. However, you can use less popular teams like MARLINS, CLIPPERS, or LIONS.
  • BEER, BRANDY & COFFEE are prohibited, but WINE, VODKA, TEA and WATER are permitted (Good news- CARRYINS are allowed!)
  • PEPSI is OK, but you can’t have COCACOLA
  • You can use NICE, but not NAUGHTY.
  • They permit BRUNETTEs and REDHEADS, but not BLONDES.
  • You can’t get LUCKY, have MONEY, or reach for the STARS. You are not allowed to have DREAMS.  You can use GOOD but not GREAT.  You cannot have SUCCESS, but you are able to grab FAILURE.
  • You can have a BURGER but no CHEESE. SALT, but no PEPPER. BREAD, but no BUTTER.
  • You cannot have a BABY, but you can have KIDS.
  • DRIVING and RACING are prohibited, as are MERCEDES, FERRARI, PORCHE, CHEVY, FORD, CORVETTE and MUSTANG. TOYOTA, NISSAN, VOLVO and BMW are OK.
  • DANCING is permitted, but MUSIC is not allowed.

Seriously, please keep your data safe with good password hygiene using these tips:

  • Use different passwords for every account or online profile
  • Use passwords of at least 12 or more characters (more is always better)
  • Do not use birthdays, names of children, pets or other personal information that people might be able to glean from your online social media accounts
  • Always use four different character types (upper case, lower case, numerical and special) when creating a password
  • If you are not sure, use a password checker tool to test the strength of a password
  • If you cannot get creative, use a random password generator
  • Always use multi-factor authentication when its available
  • Use a password manager with strong encryption- do no store passwords in a file on your device

Authored by Tim Landolt, Director of Institutional Services