Partner Profile: Doug Stewart
He started buying stocks with lawn mowing money at the young age of 9. So it’s not surprising this enterprising young man grew into a highly regarded wealth management professional listed as one of the top 1,000 advisors (the February …
More Cautious
Since the outset of 2010, we have remained in the optimistic camp about the outlook for the economy, profits and the stock market. We have believed the economy would grow, profits would strengthen, and the markets would remain in a …
Continuing Adjustment to Moderate Growth
Someone recently asked me if I recalled a period during the past 45 years similar to the current one for the economy and markets. While different in some ways, the 1970s, especially the latter five years of that decade, were …
Buy Risk Assets
Before discussing the current investment setting, a quick review of the longer term picture for the markets is appropriate. We continue to believe that the U.S. stock market remains in a secular bear phase since the 2000 peak. We also …
Doug Stewart Named to Barron’s Top 1000 U.S. Wealth Managers; #9 in State of Virginia
Stewart honored for exceptional professionalism, client and community service RICHMOND, VA (April 20, 2010) – Barron’s magazine recently named Fredericksburg’s Douglas G. Stewart as one of 2010’s top 1,000 financial advisors in the United States. Stewart, a managing director with Cary …
Charles Hurt Named Cary Street Partners’ Managing Director
Hurt to lead Atlanta office’s investment banking practice and Retail, Restaurant & Consumer Products industry practice group RICHMOND, VA (March 30, 2010) – Cary Street Partners, a Richmond, Virginia-based investment banking and wealth management firm, announced today that Charles D. Hurt …
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Improving Fundamentals
As the first quarter of 2010 ends, the U.S. stock market is leading the developed markets of the world. Year to date the S&P 500 is up 5% and Asia Pacific rose 3.5% while European and Latin American markets have …
Frontier Markets 101: Investing in High Growth, Greater Volatility
Written By Gavin Raphael, CIMA®, Director of Research, and Matthew Shaia, Associate Analyst, Cary Street Partners Investment Advisory LLC In 1992, Farida Khambata of the International Finance Corporation (IFC), defined frontier markets as those markets that are investable but are …
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Volatility Returns
Last month we stated that “we continue to believe that a cyclical bull market is in process. One disquieting feature is that over more than 100 years of stock market history a correction of 10-30% typically occurs before equities rebound …
Time for Alpha
Another year and another decade are history. For 2009, equities rose 24% and soared 60% from their March lows. For the decade, U.S. stock indices declined 25%. On the other hand, long term Treasury bonds sank 15% in 2009 while …