The So-Called Fed Put

Since the great recession, investors looked to support from The Federal Open Market Committee (F.O.M.C.) during periods of stock market weakness.  They particularly looked to the F.O.M.C. to re-emphasize their very accommodative monetary policy during periods of such weakness—the so-called Fed put.   Their reassurance came from strong forward guidance issued in F.O.M.C.’s statements following their …

It Is Over!

                For investors, the most important outcome of the mid-term elections–they are over.  Why? According to a recent academic study, since 1815–yes 1815–, the months following a mid-term election typically show positive performance for equity markets.  Usually this performance carries into the early part of the following year. …

Is Cold War II Approaching?

This commentary will briefly outline aggressive trade and military actions taken by the United States that will likely make resolving trade issues with China more difficult. The headline from an op-ed commentary by Walter Russell Mead in the Wall Street Journal—“Did Cold War II Breakout Again” summarizes the potential outcome.   NAFTA replacement- USMC trade agreement …

First Capital on Schwab’s Find a Local Advisor Tool

First Capital Advisors Group can now be found on Charles Schwab’s Find a Local Advisor Tool!   Visit the Independent Advisor Learning Center to learn more about how to select an advisor. Then talk to an advisor at First Capital today to find out why we are the right advisor for you.    

Fed Normalization Policies

The Fed Funds Rate – Where To? The F.O.M.C. increased the Fed funds rate this week from 1.75-2.0% to 2.0-2.25%.  In announcing this change, the F.O.M.C. statement removed the following phrase used in prior statements: “the stance of monetary policy remains accommodative.” Despite that removal, U.S. financial conditions remain easy (see figure 1.)  In our view, …

Jim Hiles Mentors at Monmouth University’s SEEMA Connection

  “One of the greatest values of mentors is the ability to see ahead what others cannot see and to help them navigate a course to their destination.” – John C. Maxwell    Jim Hiles is an active member of Monmouth University’s Monmouth Business Council. Currently, Jim is serving as a mentor for the university’s SEEMA …

Perspective and Illusion – Recap

  What you see is what you get…Or is it? Friends and clients of First Capital joined us for a fun evening of “Perspective and Illusion”. Jim Hiles and Andrew Melnick from First Capital Advisors Group provided financial perspective, which was followed by our entertainment, Master Comedian and Illusionist, Denny More. At First Capital Advisors …

Jim Hiles Presenting at AAO 2018 Convention

Jim Hiles will be presenting an AAOE practice management course at AAO 2018, in conjunction with the Pan-American Association of Ophthalmology, in Chicago, October 27-30.  Stay tuned for a review of Jim’s presentation!       Course Number 270 – Financial Literacy: Personal Financial Management for Ophthalmologists Synopsis: This course objectively empowers doctors and administrators to …

Trump vs Clinton Impeachment – Different Impacts

Possible Trump Impeachment Produces Different Impact Than the Clinton Impeachment–Why the Difference? Why is it Important? Whether Democrats gain control of the House in the mid-term elections will likely determine whether impeachment efforts move forward against the president. For investors, these efforts could prove more problematic than the impeachment of president Clinton.  This commentary very briefly …

It’s the Economy, Stupid!

It’s the Economy, Stupid! To keep Clinton’s 1992 presidential campaign on message, Clinton’s lead strategist, coined the phrase “the economy, stupid”. Many later expanded that phrase to the more familiar “it’s the economy, stupid.” In comparison, for many workers and business owners, today’s growing u.s. economy seems “smart” not “stupid.” In contrast, the trade wars …