Archive for the ‘News & Press’ Category


2012 4th Quarter Commentary

January 17, 2013  |   Insight,News & Press   |     |   0 Comment

Overview
We have remarked to many of our clients recently that this has been a year of conflicting realities. While politically and internationally “turbulent” seems to be an appropriate adjective, the capital markets have painted a different scene. Despite a close Presidential election, a “Fiscal Cliff,” countless European Summits and Sovereign Debt debates, both the stock and bond markets posted respectable returns. The economy continues its slow march towards recovery and ...

2012 3rd Quarter Commentary

October 19, 2012  |   Insight,News & Press   |     |   0 Comment

Overview
We are surprised the markets were so strong last quarter given the negative headlines that typically cause market volatility. Our year-end expectations have been exceeded. Year to date we have double digit gains in the S&P and the Nasdaq and high single digit gains in the Dow Industrials. Even our friends across the pond have seen high single digit gains in their major indices. This quarter only added to the ...

2012 2nd Quarter Commentary

July 27, 2012  |   Insight,News & Press   |     |   Comments Off on 2012 2nd Quarter Commentary

Overview

In the first half of the year we have seen some of the best and the worst that the markets have to offer. The dichotomy is noteworthy: the first quarter was the best in 14 years while during the second quarter the Dow posted the worst May performance since 1940! With the same surprising speed that confidence was restored in the first quarter, fear and uncertainty returned in the second. ...

2012 1st Quarter Commentary

April 19, 2012  |   Insight,News & Press   |     |   0 Comment

Overview

The following are some significant events that occurred in the 1st quarter:

The Dow Jones Industrial Average closed above 13,000 for the first time since May 2008.
The S&P 500 also had its highest close since 2008; in fact, it had its best first quarter since 1998.
Parliaments in Germany and Finland approved the second bailout package for Greece.
The ECB's (European Central Bank) 3 year Long-Term Refinancing Operation (LTRO) was initiated and served ...

2011 4th Quarter Commentary

January 26, 2012  |   Insight,News & Press   |     |   Comments Off on 2011 4th Quarter Commentary

Overview

2011 was a wildly volatile and emotionally taxing year for investors worldwide. After an attractive first quarter, the Japanese tsunami devastated a portion of our manufacturing supply chain which damaged production, sales and ultimately, GDP. Following that natural disaster, we experienced a man-made one when politicians seemed intent on creating a financial crisis over America’s very large debt. Their indecisiveness contributed to a decision by the ratings agencies to lower ...

2011 3rd Quarter Commentary

October 13, 2011  |   Insight,News & Press   |     |   Comments Off on 2011 3rd Quarter Commentary

Overview

Instability, uncertainty, and overall headline risk drove stock prices for the last three months. While many of the concerns we have written about earlier this year persist, the drama in Europe supersedes everything right now. On the whispers of agreements or dissensions between the deal makers/politicians in France and Germany, equity markets have moved hundreds of points upward or downward. Sentiment is quite negative these days and sentiment is driving ...

2011 2nd Quarter Commentary

July 12, 2011  |   Insight,News & Press   |     |   Comments Off on 2011 2nd Quarter Commentary

Overview

The second quarter of 2011 had an all too familiar feel. After a strong start to the year, investors “sold in May and went away.” However, this time rather than an oil spill and the ensuing disaster, it was global supply chain issues caused by the Japanese tsunami, massive flooding in the US, a slowing growth rate in China and continued European debt concerns that caused investors to pull back. ...

2011 1st Quarter Commentary

April 14, 2011  |   Insight,News & Press   |     |   Comments Off on 2011 1st Quarter Commentary

“He that can have patience can have what he will.”
Benjamin Franklin

Overview

The first quarter of 2011 closed with an upward trend in stock prices. A rally that began in December continued through March with the final day of trading in the quarter testing the highs set on February 5th. This type of behavior shows the extreme resilience of investors; that despite the prevalence of intense “noise,” the fundamentals that drive ...

Addition of Brian May

March 16, 2009  |   News & Press   |     |   Comments Off on Addition of Brian May

Smith, Salley & Associates is pleased to announce the addition of Brian May as an analyst and portfolio manager. May, a resident of Greensboro, comes to Smith, Salley & Associates with 14 years of experience in research and portfolio management. Prior to joining SS&A, he was most recently a Partner and Senior Portfolio manager with Jonathan Smith & Co.

May received a Bachelor of Science in Business Administration from Appalachian State. ...

Jim Agnew Joins Smith Salley

May 15, 2006  |   News & Press   |     |   Comments Off on Jim Agnew Joins Smith Salley

Jim AgnewSmith, Salley & Associates is please to announce the addition of Jim Agnew to our team.  Jim comes to Smith, Salley & Associates with over 40 years experience in research and portfolio management.  Jim retired from CCB/SunTrust after 35 years with that bank in December after working in various capacities, most recently as senior portfolio manager in the Wealth ...

Andrew Davis Part of Smith Salley

March 31, 2006  |   News & Press   |     |   Comments Off on Andrew Davis Part of Smith Salley

Smith, Salley & Associates is please to announce the addition of Andrew D. Davis as an analyst and portfolio manager. Davis, a resident of Charlotte, comes to Smith, Salley & Associates with 9 years experience in research and portfolio management. Prior to joining SSA, he was most recently a Vice President and portfolio manager with SunTrust Personal Asset Management.

Davis received a Bachelor of Arts in Economics from the ...

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