Growing Pains

By Joe Day

Despite the negative economic outlook by the Fed on US and global growth, as well as the concerns in Europe regarding sovereign defaults, US leading economic indicators actually rose last month.  The primary reason is due to an increase in the money supply, because consumers are reserving their cash, keeping it in bank accounts.  This is a long-term positive, because… Read more


Hiring: Business Development Associate

By Joe Day

Bear Mountain Capital is looking for high-quality candidates to fill our Business Development Associate position.  If you know of someone who may fit the requirements outlined in the link below, we appreciate your referral: Business Development Associate Job Description


Budget Deals and Debt Limits

By Joe Day

A budget deal and an increase in the debt limit. Both need to happen. The question is what is the time-frame and is it credible? The longer the country waits for a solution, the more volatile US treasuries and the equity markets become. The one thing the markets do not like more then anything else, is uncertainty. (Click here to… Read more


Deficit to GDP

By Joe Day

In emerging markets, a deficit greater then 4% of GDP is high. While a developed economy has more consistent revenues and a more diversified economy, a deficit to GDP ratio of 10% is detrimental to growth.  MAJOR deficit reduction initiatives must be enacted to meet this short-fall.  If last week’s budget battle was an indication, its going to be rough-riding… Read more


Solar vs. Coal

By Joe Day

Encouraging: “Installation of solar PV systems will almost double to 32.6 gigawatts by 2013 from 18.6 gigawatts last year, New Energy Finance estimates. Manufacturing capacity worldwide has almost quadrupled since 2008 to 27.5 gigawatts, and 12 gigawatts of production will be added this year. Canadian Solar has about 1.3 gigawatts of capacity and expects to reach 2 gigawatts next year,… Read more


The Federal Reserve Discount Window

By Joe Day

The level of global financial market integration is truly underestimated by most investors: “Overseas banks accounted for about 70 percent of discount window loans when borrowing reached its peak of $113.7 billion in October 2008, according to the Fed’s data. The discount window, established in 1914, is known as the lender of last resort.” (Click here to read Bloomberg.com article)


Unemployment drops to 8.8%

By Joe Day

The unemployment rate dropping to 8.8% is a milestone.  Combine this data with the continued strength in manufacturing and you have an optimistic outlook for continued growth in employment.  Despite the ugly real estate outlook, the economy continues to expand and employment is growing.  Biggest hurdle left is the deficit and what moves can be made to lower it, without… Read more


US Economy Back to Precrisis Levels – Perspective

By Joe Day

This is good perspective on how the US recovery is shaping up, relative to our European counterparts. The focus is on an expansive fiscal and monetary policy approach verses austerity measures or less expansive fiscal and monetary policy approach. (Click here to read Fidelity article)


Unemployment Rate Drops

By Joe Day

The drop in the unemployment, despite the slow growth in farm payrolls, is a good sign for the economy. I think it is likely we’ll see this number drop to close to 8% by year-end, but given the structural unemployment issues, extended unemployment benefits and older generations not retiring, these issues create a lot of upward pressure on that number… Read more


ISM Index of Manufacturing in US Rises

By Joe Day

Despite unrest in Egypt the markets are looking towards further economic expansion.  Hurdles remain, but confidence continues to improve. (Click here to read Bloomberg.com article)


 

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bio3Joe Day, CFA is the Founder of Bear Mountain Capital. Joe started the company after spending many years advising high net worth clients with a leading global wealth management firm. Joe earned the right to use the CFA designation from the CFA Institute in 2011. He also holds a degree in Business Administration, with a Major in Finance from Gonzaga University.

Luke Collova is an Investment Advisor Representative for Bear Mountain Capital focusing on planning, investment strategy, client development and operational support. Luke’s prior career included providing commercial insurance coverage for a global insurance firm. Luke maintains his Series 65 license and holds a degree in Business Administration, with an emphasis on Finance and International Business from the University of Puget Sound.