Quantitative Easing II: Watching for Unintended Consequences   By: James Solloway, CFA, Managing Director, Senior Portfolio Manager     The Federal Reserve (Fed) announced a second round of quantitative easing (QE), aiming to buy $600 billion of U.S. government-issued bonds over the next eight months. The majority of the purchases are in the middle of the […]

October 28, 2010 Dear Clients and Friends of Compass, Last week at SEI’s corporate headquarters in Oaks PA, I heard Bill Miller, the Chairman and Chief Investment Officer of Legg Mason Capital Management (Legg Mason) present an optimistic market outlook (which I share) for the remainder of the year into 2011.  I attended this adviser […]

Each quarter, our strategic partner, SEI, presents an analysis of market condition. This video includes investor-friendly language, and is broken down into three sections: What’s Happening in the Markets, Impact on SEI Strategies and What We’re Doing.  View the video by clicking here.

  Comparing Recessions: U.S. “Great Recession” vs. Japanese “Lost Decade” A spate of economic data during the summer months once again raised concerns that the U.S. economy is facing a “lost decade” like the one Japan experienced from 1991-2001, when Japanese economic growth practically flatlined in spite of extremely low interest rates. While we see […]

  Ordinarily, it’s pretty quiet on Wall Street this time of the year, as many investment professionals take the opportunity to spend their summer vacations in the Hamptons. But this isn’t an ordinary year. Houses in the Hamptons can be rented by the month instead of by the season, and many of those houses are […]

Where have we been, and where are we headed?  The following Outlook and Positioning presentation highlights issues such as: Causes of the second quarter’s market disarray Positives in the economic outlook  Developments to watch in the short and long term SEI explains their reaction to current economic conditions here.