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Pence Perspective

Pence Wealth Management publishes Pence Perspectives, our flagship research report covering the latest macroeconomic trends. In each issue, Pence Wealth Management professionals provide market commentary assessing key economic drivers, risks, and near to-midterm investment opportunities. Leverage the insights of our trusted advisors to navigate even the most challenging markets.

Pence Perspective: Inflation and Recession – So, What?

2023-07-20T15:08:56-07:00

Pence Perspective: Inflation and Recession – So, What? Dryden Pence, Chief Investment Officer provides insights into the economic factors driving the recession conversation in the latest edition of “So, What?”. 07-18-2023 Important Information The opinions expressed are for general information purposes only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making any decision. All performance referenced is historical and is no guarantee of future results. All indices referenced, if any, are unmanaged and [...]

Pence Perspective: Inflation and Recession – So, What?2023-07-20T15:08:56-07:00

Pence Perspective Newsletter – Q2 2023

2023-04-26T13:49:06-07:00

Bottom Line Up Front The combination of a historically accommodative Federal Reserve and a Federal Government with an incredible fiscal impulse has resulted in an economy that has proven immensely difficult to slow. At the beginning of this hiking cycle, few people – if any – thought the Federal Reserve would be able to push through 475 basis points of tightening in under a year and see little to no progress on slowing the economy. While we likely have not seen the full impact of tightening to date it’s becoming apparent that consumers used pandemic dislocations in policy [...]

Pence Perspective Newsletter – Q2 20232023-04-26T13:49:06-07:00

“So, What?” with Dryden Pence – Episode 2

2023-03-29T12:51:09-07:00

Dryden Pence takes a deeper look into interest rate hikes, the recent banking turmoil, and the resiliency of the U.S. economy. Episode 2 Important Information The opinions expressed are for general information purposes only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making any decision. All performance referenced is historical and is no guarantee of future results. All indices referenced, if any, are unmanaged and may not be invested into directly. The opinions [...]

“So, What?” with Dryden Pence – Episode 22023-03-29T12:51:09-07:00

The 5 P’s Impacting The Market

2023-03-29T12:52:51-07:00

As market volatility headlines the news, it's important to understand the key factors affecting the market and consumer behavior. Watch the latest episode of "So, What?" with Dryden Pence as he explains the 5 P's impact the market. Important Information Pence Financial Group, LLC (“PFG”) is a financial services practice within LPL Financial LLC (“LPL Financial”) comprised of multiple financial professionals that provide a series of services including personal investment advisory, third party managed advisory and brokerage services. PFG is an investment adviser registered with the State of California to provide financial planning services. The financial [...]

The 5 P’s Impacting The Market2023-03-29T12:52:51-07:00

Quarterly Outlook Report – Building America Portfolio Update

2023-03-03T12:09:59-08:00

Quarterly Outlook Report - Building America Portfolio Update In a world of uncertainty, few things are as clear as an approved Federal Authorization. Because of this, the companies in Builders can look forward to potentially five years of solid revenue visibility. Congress has already approved nearly $1 trillion in spending for roads, bridges, and other spending related to infrastructure. There are relatively few companies that can do this work, they are at the chokepoint in one of the largest government spending programs in decades. What has been approved so far is just a down payment on decades of [...]

Quarterly Outlook Report – Building America Portfolio Update2023-03-03T12:09:59-08:00

Pence Perspective | Q4 2022

2023-01-11T09:33:13-08:00

Market Commentary - Q4 2022 Announcement We have listened carefully to feedback regarding more timely information about the economy and markets and how you want to receive it. To that end we are making the following changes for 2023. Our widely popular monthly PODCAST will continue and we encourage you to sign up for those here. Register for Podcast We will also increase the number of videos we produce but shorten their length. These will be sent via email and posted on the PWM website. As for the Pence Perspectives, we will increase frequency [...]

Pence Perspective | Q4 20222023-01-11T09:33:13-08:00

Addressing a Potential Conflict in Ukraine

2022-02-16T14:18:12-08:00

Addressing a Potential Conflict in Ukraine Markets have been moved in recent days on increasing tensions between the United States and Russia, with Western estimates of over 130,000 Russian troops positioned outside of Ukraine at time of writing. Bottom line is that we will get an answer on the Ukraine question soon. Temperatures in Kiev typically increase quite a bit in March, melting snow in continental areas, which turns into mud and can make tank travel extremely difficult until the ground dries later on in the year. If Russia is to have a tactical advantage in the [...]

Addressing a Potential Conflict in Ukraine2022-02-16T14:18:12-08:00

Pence Perspective | Commentary Ep. 3

2022-02-09T16:19:09-08:00

Pence Perspective | Commentary Ep 3 The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Historical performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. All investing involves risk including loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in [...]

Pence Perspective | Commentary Ep. 32022-02-09T16:19:09-08:00

Pence Perspective | Commentary Ep. 2

2022-01-18T08:54:13-08:00

Pence Perspective | Commentary Ep 2 The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Historical performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. All investing involves risk including loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk [...]

Pence Perspective | Commentary Ep. 22022-01-18T08:54:13-08:00

Pence Perspective | Q4 2021

2022-02-16T14:07:50-08:00

Pence Perspective | Q4. 2021 Download Here Bottom Line Up Front A wave of stimulus, a wave of savings, and a wave of demand are about to collide with a wave of COVID-19, a wave of supply chain and labor disruptions and a wave of inflation. We will frequently hear about waves, surges, and many other analogies but the bottom-line is that a rising tide lifts all boats. $5.4 trillion in stimulus since the start of the pandemic, plenty of excess savings, and the newly signed $1.2 trillion infrastructure bill offer a rising tide of sorts. The [...]

Pence Perspective | Q4 20212022-02-16T14:07:50-08:00