Europe's self-inflicted financial mess has clear solutions, but the political will of the European Union to make difficult policy decisions has yet to materialize. Our client letter this quarter analyzes the European Crisis and its impact on our stock and bond approach. We also discuss the outlook for the US, which appears to be the fastest horse in a slow race. Read More »

We discussed in this issue an economy which was neither an inflationary "Too Hot" nor a recessionary "Too Cold".  At the same time, economic growth was definitely on the cold side of "Just Right".  We discussed an approach to stocks that would take into account a prolonged period of slow economic growth.  We also discussed our view that value in the bond markets could still be found. Read More »

The 2nd quarter of 2010 witnessed the first meaningful stock market correction since the lows of March, 2009.  In a world of competing forecasts, we concluded that the U.S. economy would face a prolonged period of slow economic growth but avoid a double dip recession. Read More »

Investor anxieties were relieved by a 75% rally in stock prices from March, 2009, but the prospect of deleveraging decades of debt accumulation warranted a cautionary note.  In the face of a steep yield curve, we also discussed the underpinnings of our bond strategy. Read More »

On March 1, 1980, David Anderson and Laurance Hoagland founded Anderson, Hoagland & Company.  We celebrate with gratitude our 30th anniversary and the privilege of working with our exceptional clients.  We've built relationships.  But most importantly, we've built trust.

Roughly one year ago, the global financial system and capital markets were in significant disarray as a result of the bursting of the housing price bubble in the United States. Massive liquidity injections by our Federal Reserve Bank averted a depression and stabilized the financial markets, but the ensuing recovery is less robust than one might have hoped and still characterized by 10% unemployment. Read More »

Capital markets continued to improve in the third quarter. The S&P 500 stock index had its second consecutive +15% quarter, and bond markets provided positive returns due as interest rates fell. Steady improvement in the mix of economic news and the vast liquidity created by the Federal Reserve are the key elements in the developing storyline. Read More »

We discuss in this issue the evolving economic cycle and the implications of massive government and central bank intervention in dealing with the worldwide financial crisis.  Is inflation really the predominant threat facing us? Read More »

Following another 20% decline in stock market indices through early March, 2009, we considered in this issue the likelihood that we had seen the worst of the economic news affecting markets. In the wake of massive government intervention and economic data suggesting some stabilization, fear subsided and we identified new stock and bond opportunities Read More »

In this issue, we provided a recap of the most challenging economic events confronted by the U.S. since the Great Depression. The mass liquidation of financial assets around the globe was breathtaking, and widespread fear and uncertainty reached extreme levels. We discussed new strategies for stock and bond portfolios in the face of disproportionate price declines Read More »

As fear became the predominant emotion in markets and the economy, we devoted this issue to explaining the negative impact of subprime mortgages on an overleveraged financial system. Craig Hoagland provided an excellent, understandable synopsis of the problem facing banks by creating a fictional bank balance sheet as an example Read More »

The quarterly market analyses presented herein are based on actual client newsletters, which have been modified to limit our presentation to the dissemination of general information pertaining to general economic market conditions and Anderson, Hoagland & Company Inc.'s ("AHCO") investment advisory services. The information presented in these market analyses may not be construed as personalized investment advice. No information presented may be construed as performance related and, in any event, past performance is no guarantee of future results. We make no representation that the views and opinions expressed in these market analyses will come to pass. Investing involves the risk of loss and may not be suitable for all investors. Information presented herein is subject to change without notice and should not be considered as a solicitation to buy or sell any security or engage in a particular investment strategy. The objectives, risk tolerances, asset allocations and investment strategies of different individuals and organizations may vary significantly based on a range of factors. For additional information about AHCO, including fees and services, please send for our disclosure statement as set forth on Form ADV, Part II, using information in the Contact Us section of this website.