Trust and Investment Management Services Team

Planning for the future is difficult. It requires forethought, making long-term decisions today and trusting someone to carry them out for you. Charlotte State Bank & Trust, Crews Bank & Trust, and Englewood Bank & Trust offer professional investment management services, estate administration services, and trust administration. Our experienced Trust and Investment Management Services professionals can personally help guide you and your family through estate planning issues and offer strategies that may help secure your family’s financial future for years to come.

Recent Posts

Federal Spending Strengthens U.S. Dollar

The S&P 500 Index grew 5.8% in the first quarter in response to the massive fiscal stimulus and the anticipation of a significant economic rebound. The recent passage of the $1.9 trillion federal stimulus package added to the previous five major stimulus bills totaling over $5.2 trillion. Lawmakers as well as the Federal Reserve have responded dramatically to the COVID pandemic flooding the market with liquidity and the markets responded positively. The COVID-relief money flooding into depository institutions is being used for consumption and investment and helping corporate earnings rebound quickly.

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Economic Recovery Is Underway

With the completion of the fourth quarter of 2020 corporate earnings releases, investors are monitoring daily COVID headlines, rising interest rates, and the potential for a new stimulus program. Corporate earnings were mostly better than expected and guidance for the year ahead was surprisingly strong.

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Initial Market in President Biden's First Days

The S&P 500 Index was down 1% in January based on investors’ revised expectations of corporate revenue growth and earnings. First, the COVID-19 vaccine distribution and inoculation process is proceeding slowly while the virus is mutating. The new strains appear to be slightly more virulent and the vaccination timeline will take longer and delay economic normalization.

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Investment Market Update: Positive Takeaways From 2020

2020 was an unusual and volatile one with the S&P 500 Index’s 34% decline in 30 days in March followed by a retracement and rise of over 16% by year-end. This proved once again that a longer-term outlook is required in successful equity investing.

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Investment Market Update, Q3 2020

The S&P 500 and Nasdaq index had wonderful performance during the third quarter, with returns of 8.5% and 11%, respectively. However, pre-election politics obstructing a new federal stimulus package and an escalation in COVID cases caused both indexes to decline in September.

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Market showing resiliency in some sectors

Despite the concerns about strained relations with China, increased COVID infections, social protests, weaker earnings, high U.S. unemployment and the November election, the S&P 500 Index is up 1% for the year while the Nasdaq Index is up 19.7%. The increasing spread of the virus is suppressing a healthy economic recovery as consumers and businesses remain conservative in their spending.

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Growth Poised to Follow Re-opening of the Economy

Investors reconsidered the emotionally-oversold market in the month of April and bravely pushed the market higher by 12.7% even before news about the virus infection curve flattening. Since the “shelter-at-home” policies have reduced the infection rate, government policymakers are announcing dates for re-opening the economy.

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Investment Market Update,  Q1 2020

I wanted to write a note to you about the tremendous first quarter market volatility and the 20% S&P 500 Index decline. This “waterfall” decline was the worst since the 2008 Great Recession and was particularly unusual since the market was trading at an all-time high on Feb. 19. The COVID-19 pandemic is an unprecedented event elevating fear and uncertainty, but it is a transitory event for the markets and the U.S. economy. Meanwhile, we hope you please practice social distancing and stay safe.  

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COVID-19: Investment Update

The equity and fixed income markets are experiencing unprecedented volatility and fear about the coronavirus. This is a health crisis that has evolved into a financial challenge for policy makers as they attempt to suppress the spread of the virus while not closing down the economy entirely. Unfortunately, the only way to deter the spread of the virus is to reduce or close transportation and impose a quarantine. Since the only way we know to limit the number of infections is to reduce social interaction, we expect more states will join California, Illinois and New York in a “lock down.” For a historical comparison in 2009-2010 the H1N1 “Swine-Flu” virus infected 60 million Americans and killed 12,500, and yet the panic was not as prevalent. 

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Economic Normalization on the Horizon

During the month of November, the S&P 500 Index jumped 11% on the expectation of improving economic conditions next year. The index is signaling that the U.S. will reach economic normalization in 2021 due to the development of several COVID vaccines, a likely deferment of further trade wars, a potential stimulus package, and a divided government.

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