CI Outlook - Archives

September 2006

September 5, 2006

Now that the dust is settling, and we are in our new offices, it seems like a good time to begin a new tradition.  As you know we write a quarterly letter to go with Capital Ideas quarterly portfolio reports.  Starting this month we are going to start writing to you monthly.  In these letters we hope to communicate what we are thinking and expecting from the markets.  We hope you find these letters useful and would greatly appreciate your feedback about this new service.

About this time last year we wrote you saying we thought the economy would slow markedly this year after a very strong first half.   The first half was strong and we still expect an economic slow down lasting until late next spring (2007).  However rather than expecting the crash landing many sensationalist members of the press talk about, we think there is a much better chance of a soft landing for the economy.  In our opinion the two main causes will be softening energy prices and a resulting leveling off in interest rates.  This should cause a revival of consumer confidence and stability rather than the chaos being predicted in residential real estate markets.

If the economy is going to play out as we expect the stock and bond markets should discount that fact.  We think the large capitalization stocks have begun to move after many years of dormancy.  Considering our outlook we are continuing to move the stock portion of portfolios into the larger companies that will benefit from a slower economy.   We will discuss some of those ideas in next month’s letter.  In the meantime, please call or write with any ideas you might have for improving this new service.

Best Regards,

CJ Brott                                                     Karen Burns

 


July 2014
JUNE 2014
May 2014
April 2014
March 2014
Feburary 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
aPRIL 2013
March 2013
February 2013
January 2013
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
Yead End 2007
December 2007
November 2007
Third Quarter 2007
September 2007
Second Quarter 2007
June 2007
May 2007
First Quarter 2007
March 2007
February 2007
Year End 2006
December 2006
November 2006
Third Quarter 2006
September 2006
Second Quarter 2006
First Quarter 2006
Fourth Quarter 2005
Third Quarter 2005
Second Quarter 2005
First Quarter 2005
Newsletter Year End 2004
Client Newsletter 2nd Quarter 2004
First Quarter 2004
Newsletter - Year End 2003
It Ain't Over 'Till It's Over
Newsletter - 2nd Quarter 2003
Newsletter - 1st Quarter 2003
Newsletter - Year End 2002
Newsletter - 3rd Quarter 2002
Newsletter - 2nd Quarter 2002
Newsletter - 1st Quarter 2002
Newsletter - 4th Quarter 2001
Newsletter - 3rd Quarter 2001
Newsletter - 2nd Quarter 2001
Newsletter - 1st Quarter 2001
Newsletter - Year End 2000
Newsletter - 3rd Quarter 2000
Newsletter - 2nd Quarter 2000
Newsletter - 1st Quarter 2000