Our 2020 vision

Given that the stock market generally discounts events at least 6 months in advance, summer is the time for judging the upcoming market year. Investors are turning their focus to 2020 - particularly prospects for world economies, corporate earnings and interest rates. There are four major economic factors driving market…

2019 Client Appreciation Event

Earlier this year, the Fort Pitt team held our annual client appreciation event. This year’s event started with a general update on the state of Fort Pitt Capital. Alessandro Valentini provided attendees with a global economy and international markets update while Charlie Smith provided insight on the state of the…

Risky business

We hate to admit it, but academicians have pretty much overrun the money management business since the late 1960s. A key weapon in their conquest of investor thinking is Modern Portfolio Theory (MPT). First conceived by Harry Markowitz in the 1950s, MPT states that portfolios can be optimized for expected…

Trump’s first 100 days

On January 20, Donald J. Trump will become the 45th president of the United States, and we’re all wondering what “The World According to Trump” will look like. Given his penchant for late-night Twitter eruptions and policy head fakes, no one knows if the President-elect is serious about bringing fundamental…