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…

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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…

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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…

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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…

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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…

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Q4 2011 Commentary

By Affinity | Feb 20, 2012

The stock market produced an abnormally high return in the fourth quarter following a very disappointing third quarter return. The volatility of returns in the last two quarters of 2011 was characteristic of the year as a whole. Throughout 2011, the stock market experienced periods of heightened volatility as economic and political events unfolded. Good…

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Affinity Investment Advisors, LLC Relaunches as Independent Boutique

By Affinity | Jun 13, 2011

(December 6, 2010) Driven by the immense opportunities for independent firms, the core team that founded Affinity Investment Advisors in 1992 has now re-launched the firm under the Affinity brand as of November 1, 2010 to service institutional and retail clients. Affinity was first launched as an independent firm in 1992. It was acquired in…

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FundFire: Ex-Morgan Stanley Team Relaunches Inst’l Shop

By Affinity | May 3, 2011

Reported By Yael Bizouati November 19, 2010 A team of large-cap portfolio managers has returned to independence after a few years with Morgan Stanley Investment Management and a few months with Invesco. The team, led by Gregory Lai, has reformed its pre-Morgan Stanley institutionally-focused equity manager, Affinity Investment Advisors. It’s at least the second team to…

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