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David Baker

David Baker

David is Director, Investment Strategy and Research at Laird Norton Wealth Management. While his focus is mainly on the numbers, David also writes the firm’s monthly Flash report, and he is a key contributor to LNWM’s quarterly investment outlooks.

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The Monday Mix: April 22 – 29, 2018

Related Topics: Monday Morning Mix

Headlines discussed at LNWM’s Monday morning briefing:

Signs of slowing economic growth in Europe pushed down the euro and other local currencies.
US GDP growth for 1st quarter 2018 was 2.3% (initial estimate), down from 2.9% in 4th quarter 2017.
The yield on 10-year US Treasuries rose past 3%, causing concern about inflationary pressures.
US equities lost momentum on concern about the impact of rising interest rates, earnings.
Emerging market bonds were hurt by strength in the US dollar; impact on commodity prices.

The Monday Mix: April 16 – 22, 2018

Related Topics: Monday Morning Mix

Headlines discussed at LNWM’s Monday morning meeting:

Stock prices are not jumping after strong corporate earnings; good news could largely be baked in.
US long-term rates are not rising as fast as short-term rates, creating a cause of concern for some.
The European Central Bank will likely wait until July to decide when/how stimulus program ends.
Oil prices fell from a 3-year high after President Trump signaled they may be artificially high.
The US and China are making overtures about negotiating new trade terms, to avert trade war.

The Monday Mix: April 9 – 15, 2018

Related Topics: Monday Morning Mix

Headlines discussed at LNWM’s Monday morning meeting:

The US federal budget deficit will top $1 trillion a year by 2020, per Congressional Budget Office.
China announced plans to “open” its markets, including lowering tariffs on car imports.
— Republican Speaker of the House, Paul Ryan, will not seek re-election in November.
The Federal Reserve discussed need to slow down US economy, meeting minutes show.
Foreign participation in US Treasury bond auctions weakened, to 2016 levels.

The Monday Mix: March 26 – April 1, 2018

Related Topics: Monday Morning Mix

Headlines discussed at LNWM’s Monday morning briefing:

US stocks (S&P 500) finished Q1 2018 down 1.2%, 1st quarterly loss since 2015.
US consumer confidence index fell from 17-year high — 128 in March vs. 130 in Feb.
US stock market volatility surged 81% in 1st qtr. 2018 on trade wars, rising rates and tech selloff.
The final reading for US GDP growth in 4th quarter 2017 was 2.9% (vs. 2.7% expected).
US infrastructure spending plan will likely be postponed to after 2018 elections, per Trump.

The Monday Mix: March 12 – 18, 2018

Related Topics: Monday Morning Mix

Headlines discussed at LNWM’s Monday morning briefing:

Job openings in the US rose to a record high in January 2018 — just over 6.3 million.
Stocks ended the week on a high note, prior to Fed decision on interest rate increase.
The Trump administration is negotiating changes to import tariffs with several countries.
— Larry Kudlow will replace Gary Cohn as White House top economic advisor.
Toys R Us is closing all its stores amid suffocating debt, competition from Amazon.