Posts by Affinity

Commentary | 2Q 2018

Market Environment The 2nd quarter of 2018 shared certain macroeconomic and market themes with the 1st quarter. However, there were new developments too that manifested in sector and style equity returns during the quarter. Dollar Appreciation The US dollar reversed its 5-quarter streak of depreciation, and turned sharply higher against most currencies. The bottoming and…

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Value & Growth Equity Strategies: Style bets or Sector bets?

We make the case that investments in value and growth equity products, especially of the passive variety, are tantamount to bets on sectors rather than styles. Hence, investors need to be cognizant of sector effects either when evaluating historical performance, or when allocating capital. Click the link below to read what we believe… Affinity Investment…

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Commentary | 1Q 2018

Economic conditions in the first quarter of 2018, as exhibited by readings on the Institute of Supply Management’s Purchasing Manager’s Index (PMI®) and the year-over-year growth rate of the Conference Board’s Leading Economic Index®, remained consistent with increases in corporate profits. The Atlanta Fed’s GDPNow economic model is forecasting real economic growth during the first…

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Commentary | Q4 2017

December 2017 The market began a rapid move upward right after the Presidential Election of 2016 and the trajectory continued throughout 2017. At the end of 2017, most stock market indexes were at or near all-time highs. The market was buoyed by expectations of a reduction in tax rates, a reduction in regulations, little or…

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Commentary | Q3 2017

September 30, 2017 – The stock market’s favorable performance reflected rising profits and an improving economic environment which began in the second quarter of 2017. Real growth rose at a rate slightly above 3% in the second quarter, and initial indications are growth continued at a rate above 2% in the third quarter. If economic growth…

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Commentary | June 2017

Quarterly Commentary The rise in stock prices in the quarter brought the market to a level that is at or near its historic high. While stock prices rose, so did valuations as earnings increases did not keep pace with price increases on average. The market, as measured by almost any broad based index, is now…

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Commentary | March 2017

Quarterly Commentary The market’s ascent in the first quarter continued a trend that began shortly after the November 2016 election.  Market participants seem to be expecting the implementation of new economic policies designed to produce an increased rate of growth for corporate profits as well as the overall economy. The new favored policies are likely…

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Commentary | December 2016

Market Review for 4th Quarter 2016 While the market’s gain was generated entirely after the November elections, there were other factors that helped drive the market higher. In the fourth quarter, markets appeared to be buoyed by an improved outlook for real GDP growth and rising corporate profits. Estimates for real economic growth for the…

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Affinity Investment Advisors, LLC Names Robert Venable, CFA as Chief Operating Officer and Compliance Director

Affinity Investment Advisors, LLC, an Irvine, Calif.- based leading independent investment advisor, announces the addition of Robert “Bob” Venable to its leadership team as Chief Operating Officer and Compliance Director, a newly created position at the firm. As Chief Operating Officer, Venable will be responsible for oversight and management of investment operations to ensure both…

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