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Using knowledge for long-term strategies.

At First Western Trust, our investment strategy has always focused on a long-term outlook, coupled with a commitment to protecting against downside risk. This investment philosophy still holds true today. Our experienced investment professionals are supported by a dedicated investment research team that produces weekly and quarterly market commentary discussing notable events taking place in our global and domestic economies. This knowledge and insight helps guide us in our decisions for today and the long-term.
Come back regularly for our most recent commentary and insights.

Thought Leadership

Our Chief Investment Officer and investment research team are frequently featured in such publications as CNBC, MarketWatch, and TheStreet. Additionally, we provide financial market commentary through our internally produced publications. Check out our most recent market commentary below:

Master Limited Partnerships (MLP) Update

Investment Research

June 7, 2017

Less than 18 months ago, investors were writing obituaries for midstream Master Limited Partnerships (MLPs), calling their business models “broken”. Since bottoming in early 2016, the Alerian MLP index has soared almost 50% as reality set in, oil prices recovered from their artificially low levels of February 2016 and investors realized that the industry fundamentals were generally healthy.

Despite the recovery, the Alerian MLP Index remains 44% below its highs of August 2014 and price to 2018 distributable cash flow valuation for Wells Fargo’s MLP universe is below its 5- and 10-year averages. We continue to recommend an allocation to MLPs within the Real Asset portion of portfolios…

Stock Market Commentary

With constant media attention focusing on interest rates, geopolitical concerns, global markets, and daily stock market changes, it can be hard to sort through the noise and find reputable financial market commentary. Our teams are committed to doing careful due diligence and providing relevant economic information to help you understand what is going on in the market and how it impacts your investment portfolio. Check out our most recent weekly and quarterly resources below.
Come back regularly for our most recent commentary and insights.

Week in Review

Stay on top of important changes taking place in the global economy with insights into key events and economic factors impacting global and domestic markets. Reach out to our team at marketing@myfw.com to receive the Week in Review publication.

Quarterly Economic Review

From valuations and volatility, to consumer sentiment and production, changes happen throughout every quarter that impact your portfolio. Our Quarterly Economic Review provides a timely look back at the marketplace and the key events that impacted quarter.

3Q 2017 Recap

Like the movie Groundhog Day, third quarter had a certain deja vu quality to it. Congress failed twice more to reform the Affordable Care Act, geopolitical tensions remained heightened, market volatility was essentially non-existent, and investors continued voicing their concerns about valuations and the age of the current bull market. And through it all, the S&P 500 continued to “grind higher”, setting a number of new record highs.

Not everything was the same, however. Second quarter economic growth accelerated to 3.1%, its fastest pace since first quarter 2015. The Fed unveiled its plan to begin reducing the size of its balance sheet. Republicans unveiled their plans for tax reform. Notable changes include collapsing the number of personal tax brackets from seven to three, doubling the standard deduction, eliminating the estate tax, and cutting the maximum corporate tax rate from 35% to 20%

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3Q 2017 S&P500 Chronology

Increased geopolitical tensions and further questions about the ability of Congress and the President to enact their agenda failed to derail the market rally which saw the S&P 500 end the quarter at a new all-time high.

 

3Q17 S&P 500 Chronology
3Q17 S&P 500 Chronology

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Investment and insurance products and services are not a deposit, are not FDIC- insured, are not insured by any federal government agency, are not guaranteed by the bank and may go down in value. Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal or tax advice.
Indices are unmanaged and investors cannot invest directly in an index. Unless otherwise noted, performance of indices do not account for any fees, commissions or other expenses that would be incurred. Returns do not include reinvested dividends.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. It is a market value weighted index with each stock’s weight in the index proportionate to its market value.