RFG Advisory - Latest News & Updates

From our CIO | Market Update 3.1.16

by: Rick Wedell
published: March, 01st 2017

Market Update – 3/1/2017

Major indices were up a little north of 1% yesterday morning as the market was loving the Trump speech.  A significant amount of airtime is being spent commenting that the president sounded, well, presidential for the first time in his many campaign appearances.  He did not offer much in the way of policy specifics, but he did outline grand plans to restart the US economic engine, making it clear that “America First” is his priority.  That is all the markets have seemed to need to hear.  From a specific policy perspective, the Republicans need to get the repeal / replace Obamacare issue out of the way before they move on to more significant tax reform or infrastructure spending issues, and it’s unclear when we will have an answer to those questions.

In the meantime, interest rates are also rallying, with the 10-year popping up 7.5bps (basis points) to a touch bit under 2.5%.  Treasuries had clawed back a decent amount of their recent losses through the month of February, and, as we’ve commented before, it is generally a good thing to see the bond market sell off a little as equity markets rally, as it means both markets agree with the general movement in the market.  The odds of a March rate hike have climbed to a whopping 80% according to Bloomberg, and if that is the case it gives a little more credence to the notion that we might have 3 rate hikes this year versus 2.  Once again, we are trying to stay a little short on the interest rate curve in the Steadfast models, which is a modestly bullish comment on the market.

A couple of articles have come out recently commenting that the driver of the equity rally since Trump’s election has been primarily retail investors.  This started with commentary from JPM last week which was essentially rehashed in a Bloomberg article yesterday, and it’s premised on the massive flows into ETF’s over the past two months compared to the relatively paltry flows into more actively managed funds.  Bull markets tend to be positive feedback loops for retail investors, so I’m not sure why this information should come as a surprise to anyone, but it is worth noting that the “smart” money appears to have been a little on the sidelines over the course of the last few months.  Of course, that also means that the “smart” money has not overly participated in the rally, so take that for what you will.



The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Rick Wedell is not affiliated or endorsed by LPL Financial.

No strategy assures success or protects against loss. Investing involves risk including loss of principal.

RFG Advisory Adds Ryan Conley to its growing platform of Independent Financial Advisors.

Market Commentary December 6, 2018

Dany L. Martin of Williams Financial Advisors and RFG Advisory was named a "318 Forum Magazine's" top 40 under 40 recipient for 2018

Market Commentary October 31, 2018

Birmingham Business Journal features San Francisco Advisor, Lee Crocker following his move to join RFG Advisory.

RFG Advisory Welcomes San Francisco Advisor, Lee Crocker of Landscape Wealth Advisors to its growing platform of Independent Financial Advisors.

Market Commentary October 25, 2018

How to write a college essay

RFG Advisory President, Shannon Spotswood, had the honor of being a guest speaker of GirlSpring’s “Wonder Women” series where she inspired our future female leaders.

Rick Wedell, CIO of RFG Advisory, returns to TD Ameritrade Network to chat with host Oliver Renick about market outlook and economic growth.

Earlier this month, Shannon Spotswood, president of RFG Advisory, was one of the 66 financial professionals featured in the Birmingham Business Journal’s “Who’s Who in Birmingham Banking and Finance” roundup.

A fresh prospective, RFG Advisory updates the company logo to reflect changes and growth

Weekly Economic Update - July 23, 2018

Rick Wedell, CIO of RFG Advisory, joins the market panel on CNBC "Closing Bell" to chat about economic headlines and why the financials sector might be lagging.

Weekly Economic Update - July 16, 2018

Reporter Debbie Carlson of ETF.com quotes Rick Wedell, CIO of RFG Advisory, in an article about emerging market exchange traded funds, and strategies that financial advisors can use to offset asset allocation surrounding China. "The downside of using equa

Rick Wedell, CIO of RFG Advisory, appears on Cheddar TV to discuss market performance for the day and provide his performance outlook for the third quarter.

Bobby White, Founder and CEO of RFG Advisory discusses what holds us back from change

Garrett Keyes of Financial Advisor IQ features Bobby White, CEO and founder of RFG Advisory in an article detailing the firm's latest business decision to change broker-dealers.

Toby Salinger from Financial Planning interviews Bobby White, chairman and CEO of RFG Advisory, about the firm's broker-dealer change that is aligned with their level of growth and embraces the hybrid model. "We feel that our potential is unlimited at thi

WealthManagment.com highlights RFG Advisory news of the firm's broker-dealer change in the outlet's daily brief. The decision comes in order to expand service offers to its 38 independent advisors.

RFG Advisory is featured in InvestmentNews for the firm's recent broker-dealer change to propel its growth. The article highlights that this change, "Will allow us to streamline our process for client and operational support," according to the release.

RFG Advisory Repositions with RIA-Friendly Broker-Dealer to Support Growth Goals

Renee Morad from Forbes features Shannon Spotswood, president of RFG Advisory, in an article detailing how her creative break from the financial space prepared her for her current C-Suite role.

Michael Foster of Kiplinger includes Rick Wedell, CIO of RFG Advisory, in his article discussing funds that can provide income during a volatile market.