Category: General Firm Info
80 posts categorized as "General Firm Info"
6Dec
Employee of the Year for 2022 – Stephanie Yuskis
Astor Investment Management is pleased to announce that Stephanie Yuskis, Chief of Staff, has been awarded the Employee of the Year for 2022. Your contributions to making Astor what it is today are sincerely appreciated. Thank you for all your hard work – day in and day out. We are sure lucky to have you…
2Dec
Congratulations Nicholas Porter and Eric Solomon
Astor Investment Management is pleased to announce key personnel promotions. Nicholas Porter has been promoted to the position of Portfolio Manager/VP – Research and Eric Solomon has been promoted to the position of Senior VP – Finance & Operations effective immediately. Please help us in congratulating them both on this wonderful achievement.
15Oct
October 2021 Update on the U.S. Economy
The Astor Economic Index moderated slightly in September after several months of steading readings, perhaps suggesting the peak of output growth during the post-pandemic boom is behind us. Nonetheless, the AEI remains consistent with a strong economic state: we delve into some of the numbers below. Part of the story behind the AEI’s…
15Sep
September 2021 Update on the U.S. Economy
The Astor Economic Index ended the month of August essentially unchanged from the last several months, a level consistent with strong economic growth domestically, despite headwinds from the Delta variant. We discuss labor market developments below and delve into some of the dynamics surrounding the current inflation debate. Non-farm payrolls disappointed strongly to the downside…
14Jul
Astor Q2 2021 Strategy Update Recording with CEO & Founder, Rob Stein.
Recording of Astor’s Q2 2021 Strategy Update call with CEO & Founder, Rob Stein.
24May
The ‘Macro’ Style of Investing and Why I’m Excited…
Let’s look back on a historic, discretionary macro trade: In September 1992, the British pound was fixed to the Deutschemark through the European Exchange Rate Mechanism (ERM), a precursor to the Euro we know today. If you tried to sell pounds below a certain level, the Bank of England (the central bank of the UK)…
18May
My Compelling Reasons for Hyper-Inflation and Potential Impacts
Inflation itself is not a rally-killer for stocks. Rather, I believe it is the interest rate differential between a risk-free return against the risk on stock prices and dividend yield. I think that spread has favored stocks for some time and very aggressively for the past 12 months. As rates rise and stocks appreciate, I…
14May
May 2021 Update on the U.S. Economy
The Astor Economic Index® (“AEI”) improved slightly month over month and remains at a level indicative of strong fundamentals, reflecting very strong output measures across the U.S. economy, as well as declining jobless claim figures. The dip in the AEI from the second wave earlier this year has been mostly retraced as the U.S. recovers…
14Apr
April 2021 Update on the U.S. Economy
Macroeconomic data has teased us for several months with the hope of a new spring, and the month of March has aptly enough delivered on that promise. Much of the nation has substantially eased lockdown restrictions as the pace of vaccinations pick up pace, and the near-term trajectory of the U.S. economy is on substantially…
12Mar
March 2021 Update on the U.S. Economy
No news is good news, at least as the U.S. economy is concerned in its current state of slowly animating suspension. The Astor Economic Index has been range bound at a level approximating above average growth for several months and ended the month of February essentially unchanged. The labor market picked up some steam, with…
22Feb
Rob Stein 2020 Review – ADA
Recording of Astor’s Q3 2020 call with CEO & Founder, Rob Stein. Rob Stein Q4 Review 2020 from Astor Investment Management on Vimeo. AIM-2/18/21-VP307
16Feb
February 2021 Update on the U.S. Economy
The theme in economic pundit circles during the month of January was short-term stagnation, and the Astor Economic Index certainly agrees, remaining essentially unchanged from where in began the year and in growth territory. As in prior months, the economy remains under substantial restrictions that are trending broadly towards easing, and we expect to see…
16Feb
Astor’s 2021 Outlook
2020 is destined to become one of those years that will be remembered just by mentioning two digits, much like ’87, ’01, and ’08 have become synonymous with the events of each respective year. All someone will need to say is “remember ’20,” and we’ll know everything that number entails—from the pandemic to the presidency,…
22Jan
January 2021 Update on the U.S. Economy
With COVID-19 still spreading throughout the United States, the Astor Economic Index continued its weakening trend in the month of December, ending the quarter down from its peak several months ago but still well into solid growth territory. This month’s non-farm payroll came in about as expected with a loss of 140,000 jobs month over…
4Jan
2020 in Retrospect
Coming into 2020 the U.S. economy, as we measure it with the Astor Economic Index®, was growing about trend, though weaker than the pace of 2018. The U.S. consumer was the true pillar, with the unemployment rate sitting at 3.5%. U.S. Manufacturing had peaked in the second half of 2018, declining steadily through 2019 as…
18Dec
December 2020 Update on the U.S. Economy
As we have said before in this blog, as goes the pandemic, so goes the U.S. economy. The Astor Economic Index reflects this reality, ticking down in November from its 2020 highs, although still in solid growth territory. In November we noted that the impact of the second wave of COVID-19 and concomitant lockdowns would…
20Nov
Three Things That Will Matter in 2021
With the election behind us and increased visibility of life after the pandemic, I’ve had time to reflect on the economy, the markets and the impact of responses to the economic shut down. Economists often get stuck in the theoretical or the academic reasons for market movements and economies cycles, often missing “the forest for…
18Nov
Market Cap Trends – Q4 2020
• Mega cap stocks have driven domestic stock market performance, by in large, in 2020. Might that be changing? • Recent trends have seen changes in market segment performance such as small cap and value index performance • Visibility into a COVID-19 vaccine may support a broader benefit for stocks, not just a few concentrated…
17Nov
November 2020 Update on the U.S. Economy
The Astor Economic Index® (“AEI”) improved again in October, ending the month higher once again and at a level generally consistent with a strong economic state. Recall that the AEI is driven by changes in economic output, rather than the outright level, which we believe is more germane to the near-term trajectory for risk assets….
21Oct
Rob Stein Q3 2020
Recording of Astor’s Q3 2020 call, where CEO/Founder, Rob Stein discusses the current economic environment, gives an update on Astor’s portfolios, and holds Q&A. AIM-10/21/20-OP194