Posts by Todd Hurlbut - CIO

Investment strategies can be broken down into two broad categories: convergent and divergent. Convergent strategies assume that economies are stable, investors behave rationally and over time asset prices will “converge” with their intrinsic value. Most assets are invested in and benefit from convergent strategies. Divergent strategies, on the other hand, assume that economies are not Read More

Does the traditional 60/40 stock and bond allocation have a future? Over the last 40 years, bonds have been in a long-term bull market, as bond prices have risen while yields have fallen. Persistently lower interest rates over four decades have not only boosted bonds but have also acted as a tailwind to asset classes. Read More

Never in the history of the world has there been more information available at the stroke of a keyboard on health and fitness than now, yet we have never been more out of shape. For many reasons, the gap between knowing what to do and doing it can be challenging to traverse. The same is Read More

We are all influenced by early experiences in our careers. I think in the financial services industry this rings especially true. I joined Salomon Smith Barney’s (SSB) Private Client Group in the Fall of 1999 and began the training program that would last nearly six months. My first month as a Financial Advisor at SSB Read More

The S&P 500 rebound from the March lows has been extraordinary by any measure but is it sustainable? Healthy, sustainable bull markets in stocks require broad participation, that is, most stocks should be participating in the uptrend. How does the current market breadth compare historically and what does it say about the health of the Read More