Mr. Hadden, a former Goldman partner, was one of the most profitable bond traders on Wall Street.” “But there was more to his story than just stellar financial results. He had left his previous employer, Goldman Sachs, after questions about his trading activity. And now, Mr. Hadden is under investigation over his trading in Treasury futures while atRead more about Trader at Morgan Stanley Faces Inquiry on Possible Manipulation[…]

The following opinion piece appeared in the Indianapolis Star on Sunday, October 9th, 2016. Matt Will, an associate professor of finance at the University of Indianapolis, writing in the Indianapolis Star in June, referred to recent trends in disposable per capita income to argue that the Indiana economy is running on all cylinders.[1]  As aRead more about Opinion Piece: Are Hoosiers Doing Well?[…]

Despite a significant dip following Britain’s vote to exit the European Union (“Brexit”), the second quarter of 2016 saw healthy gains in most major asset classes, with the S&P 500 up 2.5%, the MSCI Emerging Market Index up 0.8%, and the US Aggregate Bond index up 2.2%.  The only major index with a loss was theRead more about Second Quarter 2016 Comments[…]

Last month we completed our very first survey of client satisfaction, with surveys sent to all clients who have assets under account management with C.H. Douglas & Gray Wealth Management. Of 88 households, 52 returned surveys, both under their names and anonymously. We encouraged as many of our clients to return surveys as we possiblyRead more about CHDG’s June 2016 Client Satisfaction Survey: Results[…]

On May 27th, 2016, the Office of the Secretary of State conducted a routine examination of C.H. Douglas & Gray Wealth Management.  The office examined our financial records, office systems, and management controls and procedures.  Further, the examiner selected 10 clients at random for closer inspection, obtaining copies of their contracts, investment policy statements, performanceRead more about Results of Routine Secretary of State Examination of CHDG[…]

It has been a remarkable few days in the global bond markets. The Financial Times as well as the Wall Street Journal reported that there is now $10 trillion worth of sovereign debt with negative yields. In the last few days, the German 10-year bund has hit a low of 0.3%, seemingly on its wayRead more about These Strange Days: $10 Trillion in Negative Yields[…]

The first quarter of 2016 suffered the worst start to a year in U.S. stock market history, with the S&P 500 down over 10% by the second week of February and down almost 15% from its peak in May of 2015. However, that index recovered to finish in positive territory, returning 1.4% by quarter’s end. Read more about First Quarter 2016 Comments[…]

The CFA Society of Indianapolis held its annual investment symposium last month, with an outstanding line up of strategists, ranging from Jeff Rosenberg of Blackrock to Chen Zhao of Brandywine.  As in any market, there are buyers and sellers, bear and bulls, and among a group of strategists the case is no different, as theRead more about CFA Society Consensus: Negative Interest Rates Are Stunting Economic Growth[…]

In the midst of the stock market’s record bad start to the year, on January 21st  we sent the following note by e-mail to clients of C.H. Douglas & Gray Wealth Management.  Since its low on the 20th of January, the S&P 500 is now up over 10%, having recovered fully from its January losses and enteredRead more about In the Midst of January’s Turmoil, This is the E-Mail We Sent to Our Clients:[…]

Each quarter we have supplied our clients brief comments about the economy, the markets and our thinking about both. We assemble these comments after we have had an opportunity to review the last quarter’s events, and consider their ramifications going forward. As they are a snapshot in time, these comments can become dated quickly, andRead more about Fourth Quarter Comments[…]