The question seems simple. Will markets, with the aid of deregulation, tax cuts and fiscal stimulus, be able to weather the efforts of a persistent Fed trying to normalize rates and keep inflation in check?
Inflation is on the rise as wages and commodity prices are showing gains. Commodities are not as worrisome. Supply/demand drives commodity pricing and in a world with so much technology and data, as consumers have access to plenty of supply at ever-lower prices. Wages, along with a housing shortage, may be a problem. Wages have historically been sticky and slow to adjust. Higher wages and rising interest rates could pose significant challenges to maintaining the 3-percent growth story. We’re not there yet. Markets tend to be well-behaved when inflation is between 0-4 percent. US GDP for 2018 may expand at a faster rate causing inflation to rise above its potential. This will keep the Fed on the path to several more rate hikes because when the next slowdown takes place the Fed will have the ammo to help combat it. Something it hasn’t had in a long time.
It’s the week before our quarterly rebalance. Sortino Investment Analytics has submitted their work to us and I’ll be reviewing the solution set and making final allocations to the models. With a disciplined and consistent approach to investing we’re confident our efforts are aimed at helping you and your clients achieve their investment objectives.
SCI HIGHLIGHTS
SCI Advisor/Strategy AUM Breakpoints
10% Management Fee Discount @ $10 million & $50 million thresholds
We are happy to announce management fee discounts for SCI Advisors reaching $10 million AUM for any Salt Creek Investors investment strategy. A 10% discount will be applied to the management fee for the assets under management in the strategy that reaches the $10 million threshold. An additional 10% discount will be applied for those assets reaching the $50 million threshold.
This incentive program will be evaluated quarterly and begins in Q2 2018. Advisors reaching the threshold in Q2 will be paid in Q3 2018.
Weekly SCI Webinar
We host a weekly lunch and learn online webinar to answer questions about the Salt Creek platform and to provide training on the best practices for the services available on the advisor portal. Please join me for a laid back and open session on Salt Creek and the new services available.
Every Tuesday @ 12pm CDT
Join from PC, Mac, Linux, iOS or Android:
Click here for Conference Login
Meeting ID: 325 159 0655
Dial In Audio: 669-900-6833
LaSalle St. Investment Advisors, LLC
940 N. Industrial Dr.
Elmhurst, IL 60126
Copyright © 2017 LaSalle St. Investment Advisors, LLC., All rights reserved.