Beyond the Noise: A Look at Greece, Puerto Rico, & China

Three events in financial markets have received significant media attention in the last week: a potential Greece exit from the Eurozone, a potential default by Puerto Rico on its bond holdings, and the significant decline (after a rapid advance) in China’s equity markets.  The Coldstream Investment Strategy Group thought it important to cut through the “media noise” and let you know our views on these events.


GREECE

Near Term Uncertainty in Greece

As you may have heard, Greece missed a $1.7 loan billion payment to the International Monetary Fund on Tuesday.  While this event and the closure of the Greek banking system are dominating news coverage this week, a $3.9 billion bond payment due to the European Central Bank on July 20 is much more important to world markets, since failure to pay would put Greece into a formal state of default.  The situation remains extremely fluid, with developments coming nearly hourly.  It is unlikely that current negotiations will lead to an agreement prior to a scheduled July 5 referendum, which will indicate whether the public will accept further austerity in order to stay in the Eurozone.  Since the current government was elected on an anti-austerity platform, it may collapse if the referendum passes or if a deal on further spending cuts and tax increases is struck in the meantime.

Potential OutcomesREAD MORE

Stay Safe from Hackers! How to Protect Against Cyber Fraud

Every day hackers and tech thieves discover new ways to get your information, pretending to be someone you know or trying to get you to spill your secrets. Just yesterday, TD Ameritrade announced that someone was sending fake internet “phishing” emails that asked for personal information. Our partners at Fidelity saw cyber security as a rising threat as well, sharing a video last month on the topic and providing patrons with a takeaway for protecting personal data.

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Coldstream News: New Additions, St. Patty’s, & Strategas

New Additions to the Team

Coldstream continues to grow in exciting ways, and we are proud to welcome seven new members to our team. Four of these newcomers will join our Private Client Services (PCS) teams. Rachel Borsini arrives to Coldstream from an independent financial planning and investment firm in Seattle. She holds a BA in Economics and Spanish Language and Literature from the University of Puget Sound. Formerly an interior designer, Lacey Lopez brings with her both a unique creative approach and over five years of finance experience. Most recently, Lacey worked with Merrill Lynch as a Client Associate. Brian Plowman joins us with five years of experience from Bank of America and a BA in Finance from Washington State University. Carrie Troy brings with her over 20 years’ experience in financial analysis and a BS in Mathematics from California State University, Northridge.

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5 Things to Know About Boating

Spring is here! With sunshine and blue skies overhead and Opening Day of the boating season on the horizon, nautical northwesterners are itching to get on the water. Before you launch your boat this season, take a few moments and review your insurance policy; coverage can vary greatly from policy to policy. Here are five scenarios to consider before donning those topsiders:READ MORE

Coldstream Rolling Out New Reporting Technology

We are excited to announce we are rolling out Envestnet | Tamarac’s Advisor View™ portfolio management and reporting system, a significant upgrade to our technology platform. The Advisor View platform leverages new technology to increase our Client Service team’s productivity, improve efficiencies, and provide superior deliverables through new reporting capabilities and a more robust client portal.

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Signals from the Noise – Market Update

I recently read a NY Times Magazine article by Clay Tarver, detailing the remarkable story of Jason Everman. Everman had the incredible distinction of being kicked out of both Nirvana and Soundgarden prior to their explosive success in the 1990s. He later, as he put it “decided to do the most un-cool thing, join the Army.” Everman persevered through training and eventually joined the Rangers and then onto Special Forces, distinguishing himself through more than a decade of hot deployments. Post Army, Everman graduated from Columbia University with a degree in philosophy. On his plans for the future “I’ll probably just be a bartender somewhere.” In a life that has played out like a Greek tragedy, Jason is still the wise student attempting to divine messages the Gods have been sending him. Noisy as those signals may be.READ MORE

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