Category: General Firm Info

72 posts categorized as "General Firm Info"


Letter to Investors: Brief Update on Astor Strategies

For A PDF Version of the Letter: Letter to Investors_April 2020 Dear Investors: On March 10th, I published my first ‘Letter to Investors’ of 2020. The U.S. and Global economies continue to change rapidly as the impact of COVID-19 ripples across the globe. At Astor, our job is to assess the amount of risk in…

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April 2020 Update on the U.S. Economy

As the pandemic and response escalated last month, we left this blog with several crucial watch points for the weeks ahead. In the intervening period we’ve begun to receive some early answers to the queries we posed regarding the trajectory of the disease and the U.S. economy, although much remains uncertain. The economic impact of…

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What Now?  How about a plan……

Click here for PDF version The markets and the economy have taken an unprecedented hit.  The size and speed of the downturn are like nothing we’ve witnessed before.  There was little anyone could have done unless they were prepared beforehand.  Even a portfolio like our flagship Astor Dynamic Allocation, which prior to this crisis had…

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Letter to Investors

        03/11/2020 Dear Investors: We are certainly witnessing unprecedented times in the global financial markets. My career in the financial markets spans 30+ years with time spent on the Federal Reserve (Chairmanship of Paul Volcker), managing trading desks for some of the financial industries largest banks, to starting Astor in 1994. The…

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Discussion on Recent Volatility—Episode 8

Founder and CEO, Rob Stein and Senior Managing Director, Mac O’Brien discuss the current market environment. 2020-74 Astor Investment Management LLC is registered with the Securities and Exchange Commission as an investment adviser. All information contained herein is for informational purposes only. This is not a solicitation to offer investment advice or services in any…

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Fed Action: Rate Cut Immunity?

As was telegraphed to the market last Friday and over the weekend, the Federal Reserve cut the federal funds rate by half a percentage point today. In a press conference, Fed Chairman Jerome Powell said, “We saw the risk to the outlook of the economy and chose to act.” That action was fully anticipated by…

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It’s Visibility—Not Uncertainty

The outbreak of the coronavirus (COVID-19) continues to shake the financial markets, with major stock indices dropping into correction territory. (As of Thursday’s close, the S&P 500 was off 12% from its Feb. 19 peak.) While some observers want to chalk it up to “uncertainty” I beg to differ. This problem has more to do…

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Keeping the Coronavirus in Perspective

The major indices are clearly taking the coronavirus more seriously now, with the S&P 500 selling off by 3.4% on Monday, after seemingly ignoring the threat previously as the indices marched to new high after new high. The virus, known as COVID-19, has proven more difficult to contain than previous health scares such as SARS….

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February Update on the U.S. Economy

The Astor Economic Index improved to slightly above average economic growth in January, buoyed by consistent jobs growth and a return to expansion in the manufacturing sector. U.S. payrolls increased by a solid 225,000 in January, supporting the notion of a durable expansion and labor market. The unemployment rate was essentially unchanged at 3.6%, and…

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Astor’s 2020 Outlook

Click here to read Astor’s Outlook for 2020. Founder and CEO, Rob Stein, looks back at 2019 in the markets, as well as what could be in store for 2020.  

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January Update on the U.S. Economy

This month we’ll take the opportunity to look back at both 2019 and the data as they stand at year end. It will come as no surprise to prior readers of this blog that the data has moderated substantially throughout the year, but in aggregate the current economic situation for the U.S. (and increasingly, abroad)…

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Protected: Astor Conference Call

There is no excerpt because this is a protected post.

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The Brain, Heart and Soul of Astor Investment Management

As the CEO and founder of Astor, I am often associated with its success. But just like a living organism is more than a face, so is a firm. It has a brain, a heart, and a soul—all of which are needed to stay alive and thrive. Reflecting on the year, which marks more than $2.6…

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November Update on the U.S. Economy

The Astor Economic Index, our proprietary nowcast of the U.S. economy has remained somewhat range bound for the past several months, and printed again this month at a level consistent with slightly below average domestic economic growth. We delve into some of the recent drivers of the AEI below. The Labor Market and Manufacturing In…

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September Update on the U.S. Economy

Recent Economic Data Our proprietary Astor Economic Index® was slightly changed last month and remains consistent with average economic growth in the U.S. In aggregate, economic data points towards a weakening but durable expansion.  The ISM Purchasing Manufacturers Index headed into contraction territory at 49.1, down from 51.2 last month and the lowest reading since…

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Bond triple whammy

US ten-year bond yields have increased about 70 basis points to 2.8% over the last several months which gotten the attention of investors.  While ancient market specimens like myself have a hard time seeing 2.8% as “high,” the change from the last several years is interesting.  There is a good argument to be made that…

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This time we mean it – Janet Yellen reviews and previews monetary policy

One of the problems in this business is picking the few relevant pieces of information out of the endless stream of financial news, opinion and speculation.  Like a prospectors looking for a slightly shinier flake of stone among the silt in our pans we occasionally pick out promising pieces we think have not gotten enough…

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February Quick Read on the US Economy

I interpreted last few month’s economic releases as showing somewhat stronger economic growth in the US.  Our latest reading for the Astor Economic Index® (“AEI”) is higher over the month and has been moving steadily higher since the election to its highest level in about 18 months.  I still see the US as currently growing…

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All information contained herein is for informational purposes only. This is not a solicitation to offer investment advice or services in any state where to do so would be unlawful. Analysis and research are provided for informational purposes only, not for trading or investing purposes. All opinions expressed are as of the date of publication and subject to change. Astor and its affiliates are not liable for the accuracy, usefulness or availability of any such information or liable for any trading or investing based on such information. Please refer to Astor’s Form ADV Part 2 for additional information regarding fees, risks and services.