Newbury Capital Management is a privately held investment advisory and wealth management firm created to service the needs of high net worth individuals/families and institutional investors. Through an unwavering focus on risk management, unbiased portfolio construction, and intelligent planning, Newbury helps investors plot a roadmap to financial success – both today and for the future.
At Newbury Capital Management, we treat our clients with courtesy and integrity. We provide honest financial advice backed by our years of experience and proven track record. We strive to earn our clients' trust in every aspect of the advisory relationship. We use leading technologies to ensure instant access to the financial world. Our commitment is to provide the highest level of satisfaction in your investment advisory and wealth management experience with our firm.
Notes from the Research Desk
March 23, 2015
Stocks rallied for the first time in four weeks and approached recent highs as this weeks headlines were dominated by the Fed’s FOMC meeting. The Fed’s ability to alter their dovish language while pushing forward the market expectation for a rate hike sent investors aggressively reversing recent market-consensus trades of a strengthening US dollar and rising interest rates.
Speaking of the stronger dollar, there are headwinds ahead as a result. We're diligently searching for companies that are best able to handle it. While it may cause a negative data point in the near term, over time it is a benefit for the US consumer. Considering the US consumer accounts for 70% of our economy, this strong dollar trend may be as bad as feared.
March Madness is off to its typically chaotic start. My bracket got worse as the weekend progressed and is now officially DOA.