Robert Hughes joined AIER in 2013 following more than 25 years in economic and financial markets research on Wall Street. Bob was formerly the head of Global Equity Strategy for Brown Brothers Harriman, where he developed equity investment strategy combining top-down macro analysis with bottom-up fundamentals. Prior to BBH, Bob was a Senior Equity Strategist for State Street Global Markets, Senior Economic Strategist with Prudential Equity Group and Senior Economist and Financial Markets Analyst for Citicorp Investment Services. Bob has a MA in economics from Fordham University and a BS in business from Lehigh University.
Articles from Robert Hughes
As Labor Day marked the unofficial end of summer 2014 with backyard barbecues or long days at the beach, long gone were thoughts of the harsh winter and decline in first-quarter GDP. As we had expected it would, the U.S. economy rebounded in the second quarter, proving the naysayers, pessimists, and doom and gloom types completely wrong. In addition, U.S. equity markets continued to move higher throughout the summer, with many benchmarks hitting record highs. Twenty-fourteen was certainly no year to “sell in May and go away.”
Fifty years ago, the world was a different place. In 1964, Dr. Martin Luther King, Jr. was awarded the Nobel Peace Prize, China detonated its first atomic bomb, Russian Premier Nikita Khruschev was deposed, and Nelson Mandela was sentenced to life in prison. In the U.S., Lyndon Johnson received the democratic nomination for President, the Warren Commission’s report on the assassination of President Kennedy was released, New York hosted the World’s Fair, Congress passed the Gulf of Tonkin Resolution, the Beatles appeared on The Ed Sullivan Show, and the S&P 500 hit a peak of 86.28 in November.