Read Disclaimer
Barron's is an American weekly newspaper published by Dow Jones & Company, a property of News Corp. that covers US financial information, market developments, and relevant statistics. Each issue provides a summary of the previous week's market activity as well as news reports and an informative outlook on the week to come. The Top 100 Independent Advisors as identified by Barron’s is published annually. Scoring for the publication reflects the assessment of data provided by the nation’s most productive advisors. Investment performance is not an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients’ risk tolerance than by an advisor’s investment-picking ability. Barron’s states that ranking reflects the volume of assets overseen by the advisors and their teams, revenues generated for the firms and the quality of the advisors' practices. Furthermore that the scoring systems assigns a top score of 100 and rates the rest by comparing them with the top-ranked advisor. Anchor Capital did not provide data to Barron’s to be included in this assessment and receipt of this designation is no way indicative of any individual client or investor’s experience with the Company or of any client, investor or fund’s future performance. Anchor Capital is not affiliated with Barron’s in any way.

Investment Policy Outlook

Although equities remained buoyant in the second quarter of 2017, the correction in energy and appreciation in several large cap technology stocks contributed to wide YTD return dispersion between value and growth.[1] As expected the Fed delivered the third consecutive quarterly short term interest rate increase to a range of 1.00% to 1.25%.[2] Meanwhile longer term treasury yields declined, signaling a lack of investor enthusiasm about inflation and economic growth. This flattening of the yield curve (10 year treasury yields less 2 year treasury yields) warrants caution as flattening or inverted yield curves are often precursors to recession. The Fed did signal that it will begin to gradually unwind its balance sheet by reducing how much of its cash flow from maturing securities will be reinvested in long dated securities.3 Our belief is that the yield curve should steepen, but this is not a given. Low interest rates have resulted in…

Read the full Newsletter