Commentary | March 2017

By Affinity | Apr 12, 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…

Read More

Commentary | December 2016

By Affinity | Jan 25, 2017

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…

Read More

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

By Affinity | Oct 5, 2016

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…

Read More

Commentary | 2Q 2016

By Affinity | Sep 26, 2016

While the market’s rise in the second quarter was not robust, it did reflect underlying optimism on the part of US investors. The preliminary data pertaining to real GDP growth in the recent quarter suggest the growth rate was about 2.5%. The 2.5% represents an increase from the less than 1% real growth in the…

Read More

Commentary | 1Q 2016

By Affinity | Apr 7, 2016

In the first quarter of 2016, the rise of the market as represented by the S&P 500 Index, generated a return of 1.4%. The market’s modest rise took place against a background of diminished expectations. During the quarter, the consensus expectation for economic growth for the remainder of 2016 was reduced. Consistent with the revised…

Read More

Commentary | 2Q 2018

By Affinity | Jul 27, 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…

Read More

Commentary | 1Q 2018

By Affinity | Apr 16, 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…

Read More

Commentary | Q4 2017

By Affinity | Apr 10, 2018

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…

Read More

Commentary | Q3 2017

By Affinity | Oct 16, 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…

Read More

Commentary | June 2017

By Affinity | Aug 4, 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…

Read More