All Posts By

Chris Maxey, CAIA

Equity Investing Since the Dawn of Covid-19

By Blog
Stock markets have been on an uncomfortable ride in 2020, leaving open a great deal of confusion and many questions as to what happened and what comes next. While we don’t know with any certainty what comes next, we are beginning to understand what happened and why markets have responded so strongly since March 23rd. This year has once again reminded us that stock market volatility is a basic axiom of investing. Although it may disappear for long stretches and the collective of investors are lulled into a sense of boredom, volatility inevitably returns at an unexpected time and in…
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may 2020 chartology

May Chartology: What’s Behind the Modest 2-month Comeback in Equity Markets?

Video
After equity markets plummeted during the onset of the Coronavirus pandemic, they seem to have staged a modest comeback in the past 2 months. Chris Maxey of our Investment Team discusses the reasons why in this edition of Chartology. May 2020 Chartology from Wealthspire Advisors on Vimeo. We're back with Chartology and we want to talk about the equity markets this year. It's been a strange and wild ride that we've been on for the better part of a couple months now, and we want to talk about why that is. So, the first thing you see here is what's…
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market recap

Spring 2020 Market Recap

Video
Stimulus, State Bankruptcy, and History-making Market Days - our team covers this and more in our newest Market Recap. Watch the full video here. Spring 2020 Market Recap from Wealthspire Advisors on Vimeo.   Wealthspire Advisors is the common brand and trade name used by Sontag Advisory LLC and Wealthspire Advisors, LP, separate registered investment advisers and subsidiary companies of NFP Corp. This information should not be construed as a recommendation, offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The commentary provided is for informational purposes only and should not be relied…
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chartology 2019 trends

Chartology: 2019 Market Trends and Reframing Expectations

Video
In this edition of Chartology, Chris Maxey of the Investments Team discusses an exceptional 2019, some of the market trends at play throughout the year, and the importance of reframing expectations going forward.  We thought that the start of the new decade and the start of a new calendar year was a good time for us to reflect back on a couple of things that we've seen happening in the market and provide a bit of perspective as we move forward. One of the things that we have spoken about in the past and that we’ll bring up again is…
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market recap

Winter 2020 Market Recap

Video
In our Winter 2020 Market Recap, Chief Investment Officer Michael Moriarty and Chris Maxey of the Investments Team address the unusual market performance of 2019 and discuss the looming elephant (or donkey) in the room – the upcoming 2020 election. Winter 2020 Market Recap from Wealthspire Advisors on Vimeo.   Michael Moriarty: We're coming off of a very fun Q4 and a very fun 2019. Chris Maxey: I think, somewhat unexpectedly, we saw that 2019 was really a fantastic year. If you look at – just call it a simple 50/50 portfolio – it was the best year that we've…
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buybacks

Stock Buybacks: The Battle of Perception vs Reality

By Blog
Recent years have seen growing popularity in share buybacks, the process whereby a company repurchases outstanding shares of its own stock. The argument is that when lacking better investment opportunities, companies should return capital to shareholders, reduce share count and that will ultimately support the stock price. Buybacks are catching the attention of politicians as well. There are concerns that companies are not spending a sufficient amount on employees or reinvestment in projects that would be beneficial to the broader economy. In this discussion, we take a look at the growth in buybacks, the ramifications for investors and address the…
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investment letter

Recent Market Volatility: Our Investment Committee’s Take

By and Blog
October 2018 was a volatile month for markets. When there was similar market volatility in February 2018, we reached out to clients to provide perspective on what we viewed as a healthy pause in an otherwise lengthy bull market. The decline in February caused mild concern amongst investors, but the speed and precipitous nature of the more recent decline has caused a great number of investors to feel unsettled. Prior to this year, we discussed how common it is to experience drawdowns of varying depth, as shown in the following table: While we can share plentiful data on the commonality…
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