WST 2Q 2018 Commentary
With optimism about positive economic fundamentals tempered by concerns about a potential trade war, interest rates and corporate earnings, financial markets responded to new and evolving challenges in the second quarter. Our quarterly economic and markets commentary includes a discussion of key themes and factors that drove higher volatility and wider dispersion of asset class returns in 2Q.
Posted on July 15, 2018
Milestones Without Context? The 10-year Treasury Yield Hits 3%
In late April, headlines balked at a US 10-Year Treasury yield above 3% for the first time in several years. Is that threshold even significant, and what might it mean for equities?
Posted on May 8, 2018
WST Now Hiring: Operations Associate
WST is seeking to fill the role of Operations Associate supporting our Director of Performance Services and focusing primarily on our firm’s GIPS® (Global Investment Performance Standards) compliance program.
Posted on May 3, 2018
WST 1Q 2018 Commentary
Right on cue volatility returned to the global investment markets in the first quarter of 2018 as the sanguine complacency of 2017 gave way to broad concerns.
Posted on April 12, 2018
War of the Worlds - The Enemy is Us?
When it comes to our opinions, our “better nature” may go against our instincts.
Posted on March 26, 2018
Cybersecurity Insights & Best Practices
At WST, our cybersecurity efforts are robust, constantly evolving and a critical focus for our firm. However, because identity theft lays the groundwork for fraud, we believe client education is the best defense against cybercrime resulting in financial loss.
Posted on February 12, 2018
Quick Thoughts on the Past Week: US Equities
While the market sell-off has understandably unsettled many investors, we are encouraging our clients not to be spooked by what we view as “normal” market behavior.
Posted on February 6, 2018
WST 4Q 2017 Commentary
We struggled mightily this quarter to find quotes that capture a moment where economic and market momentum is so strong and risk so underappreciated.
Posted on January 17, 2018
WST Now Hiring: Client Service Associate
WST is seeking to fill the position of Client Relationship Associate/Assistant to support the Relationship Manager in her daily, weekly and monthly tasks.
Posted on January 16, 2018
Life In the Fast Lane
A continuously connected world poses unique challenges to investors; is it possible to be a patient investor in a world set to hyper speed?
Posted on December 13, 2017
WST Capital Management Named Top Guns Manager by Informa Investment Solutions
WST Capital Management, a division of Wilbanks Smith & Thomas Asset Management LLC, has been awarded a Top Guns designation by Informa Investment Solutions’ PSN manager database, North America’s longest running database of investment managers. The firm received Top Gun recognition for Credit Select Risk-Managed in the ETF US Fixed
Posted on December 8, 2017
A Minsky Moment
Confirmation bias will cause our confidence in our assumptions to swell the longer the uptrend lasts and the more money is invested in the trend.
Posted on November 28, 2017
WSTCM Credit Select Risk-Managed Fund Recognized by Morningstar
Norfolk, Virginia-based investment manager Wilbanks Smith & Thomas Asset Management LLC (WSTAM) is pleased to announce positive recognition of its WSTCM Credit Select Risk-Managed Fund (“the Fund”) by Morningstar, the noted fund research provider.
Posted on November 16, 2017
Just the Facts, Ma'am
When faced with making important decisions about long-term investments, we want to be confident in our sense that we can predict the future. The truth, however, is that uncertainty is part of life and also a distinct fact of investing in stock markets.
Posted on November 2, 2017
Great Expectations
A basic truth about investing in stocks is this: their value is a derivation of the collective wisdom of the crowd.
Posted on October 20, 2017
WST 3Q 2017 Quarterly Commentary
The global "bull market in everything" continued in the third quarter with stocks around the world finishing at all-time highs, bond yields hovering near all-time lows, credit spreads continuing to narrow, and private equity, debt, and real estate funds all reporting preliminary results in line with the strong returns in the public markets.
Posted on October 15, 2017
Equifax Data Breach: Information & Guidance for WST Clients
As news circulates of the recent Equifax data breach, our goal is to ensure you are aware of the situation and equipped with accurate information and trusted risk management resources.
Posted on September 22, 2017
Everybody Knows
Information flows faster than ever today in our daily lives and in the financial markets.
Posted on August 28, 2017
Trying to Reason with Hurricane (and Earnings) Season
The Atlantic hurricane season lasts for six months, approximately from early to June to late November, with a peak in activity each year around mid-September. Equity investors, too, have a watchful season.
Posted on August 22, 2017
Money for Nothing?
Among investors, one of the more hotly debated economic topics is how well behaved inflation data is, as we begin the ninth year of the current economic expansion.
Posted on August 11, 2017
Revisiting Risk in an Euphoric Market Environment
The existence of a trade-off between the opportunities for gain against the possibility of loss is not in debate. Nor are the mathematical calculations behind each side of the equation subject to argument. However, where investors do take sides is what the definition of risk really means.
Posted on July 19, 2017
WST Featured in RIA Rankings Published by Financial Advisor Magazine
WST featured in RIA Rankings Published by Financial Advisor Magazine Wilbanks Smith & Thomas was recently named in the 2017 Top RIA Ranking produced by Financial Advisor Magazine. The voluntary survey, published in this month’s edition of the magazine[1], comprises a list of 638 Registered Investment Advisory firms reporting from
Posted on July 17, 2017
WST 2Q 2017 Commentary
As always the most important consideration in portfolio construction is each clients’ individual financial situation, so communication is the key to success.
Posted on June 30, 2017
The Knowledge Illusion
At the center of Socrates’ objection to written word was a phenomenon known as the knowledge illusion. It arises because we fail to distinguish what is in our own head from that which is in other people’s heads.
Posted on June 27, 2017
O Brother, Where Art Thou? Thoughts on Surging Stocks, the Fed and Hidden Treasure
An analysis of market breadth (or lack) of participation by the average stock in the indexes can usually be argued from both sides.
Posted on June 19, 2017
WST on Bloomberg TV: November 2016
Wayne Wilbanks, chief investment officer at Wilbanks Smith & Thomas Asset Management, discusses the market rally following the election of Donald Trump, U.S. valuations and the outlook for the bond market. He speaks to Bloomberg's Betty Liu and Yvonne Man on "Bloomberg Daybreak: Asia." (Source: Bloomberg) This information presented in any
Posted on November 11, 2016
WST on Bloomberg TV: August 2016
Wayne Wilbanks, chief investment officer at Wilbanks, Smith & Thomas Asset Management, discusses the low volumes in the markets, the timing of the next Fed rate hike and negative interest rates. He speaks to Bloomberg's Ramy Inocencio and Yvonne Man on "Daybreak Asia." (Source: Bloomberg) This information presented in any of
Posted on August 30, 2016
WST on Bloomberg TV: May 2016
Wayne Wilbanks, chief investment officer at Wilbanks, Smith & Thomas Asset Management, discusses the rally in U.S. stocks with Bloomberg's Angie Lau on "First Up." (Source: Bloomberg) This information presented in any of the above publications/media appearances represents opinions of Wilbanks Smith & Thomas and are subject to change from time
Posted on May 24, 2016
WST on Bloomberg TV: April 2016
Wayne Wilbanks, chief investment officer at Wilbanks Smith & Thomas Asset Management, discusses U.S. earnings season, its impact on the markets and his strategy for investors. He speaks to Bloomberg's Angie Lau on "First Up." (Source: Bloomberg) This information presented in any of the above publications/media appearances represents opinions of Wilbanks
Posted on April 13, 2016
WST on Bloomberg TV: February 2016
Wayne Wilbanks, chief investment officer at Wilbanks, Smith & Thomas Asset Management, discusses the possibility of a U.S. recession. He speaks with Bloomberg’s Angie Lau on "First Up." (Source: Bloomberg) This information presented in any of the above publications/media appearances represents opinions of Wilbanks Smith & Thomas and are subject to
Posted on February 5, 2016
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