Resources

ACG Insights: Small Cap Comeback?

By ACG, resources, December 1, 2023

A few Large Capitalization stocks have dominated portfolio performance for years, leaving other areas of the market at attractive valuation levels. Small Caps, despite recent underperformance relative to Large Caps, have a history of prolonged periods of outperformance. Both absolute and relative valuations in Small Cap are historically attractive. The negative impact of higher interest rates and possible recession may already be baked into Small Cap prices, which tend to outperform coming out of recessions.

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ACG Market Review – Q3 2023

By ACG, resources, October 13, 2023

The unexpected strength of the economy has caused the near term probability of a recession to plateau. Markets experienced a temporary halt in their upward trajectory, despite prevailing economic optimism. Bond yields continue to rise, but the potential for rate cuts is on the horizon...

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ACG’s September 2023 Capital Markets Review

By ACG, resources, October 13, 2023

September was the worst month for equity markets of the year so far, as higher rates weighed on risk assets. The S&P 500 was down -4.77% for the month but remains up +13.07% year to date. Energy (+2.63%) was the lone sector in the S&P 500 to show positive performance in September, while Real Estate (-7.25%) and Technology (-6.87%) led detractors for the month.

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ACG Insights: All the REIT Moves

By ACG, resources, September 26, 2023

Similar to Tom Cruise’s character in All the Right Moves, Real Estate Investment Trusts (REITs) are looking for an opportunity to escape their past and transition into a brighter future. The post-COVID environment has acted as a cloud over the future of real estate investing due primarily to decreased demand for office space that looks unlikely to meaningfully improve, and more difficult financing conditions due to a rapid rise in interest rates from near-zero.

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ACG Insights: Artificial Intelligence – Fad or Panacea?

By ACG, resources, July 15, 2023

Artificial intelligence (AI) as a discipline dates back to the 1950’s and encompasses a variety of technologies, predominantly merging computer science with extensive datasets to facilitate complex problem‐solving. The long‐term goal and subject of numerous science fiction portrayals has been the development of artificial “general” intelligence where a machine would have an intelligence equaled to humans, i.e., a self‐aware consciousness that can solve problems, learn, and plan for the future.

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ACG Market Review – Q2 2023

By ACG, resources, July 11, 2023

Global Highlights: Economy – A much anticipated recession has yet to materialize despite aggressive Fed policy over the past few quarters | Equities – A handful of U.S. Mega Cap companies drove returns in what has been a bounce-back first half of the year for stocks | Fixed Income – Volatility remained high relative to history amid uncertainty around inflation, economic growth, and Fed policy

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ACG Insights: Debt Ceiling Drama

By ACG, resources, May 17, 2023

Despite dozens of negotiated increases or suspensions of the U.S. debt limit over the past several decades, concern about the current debt ceiling is increasing. Cash available for the Treasury to pay obligations is falling which makes a technical default on some payments feel possible, although still low probability, in the absence of a deal. Historically, markets have shrugged off debt limit fears as short-term noise.

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ACG Market Review – Q1 2023

By ACG, resources, April 13, 2023

Global Highlights: Economy – Investor focus shifted from declining inflation and a potential Fed pivot to the health of the banking sector and overall economy | Equities – An early quarter stock rally was quelled by hotter than expected inflation and further Fed tightening | Fixed Income – Higher rates often indicate higher returns, however, risks remain in certain areas of fixed income

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Form ADV Part 1

By ACG, resources, April 7, 2023

Uniform application for investment adviser registration and report by exempt reporting advisers.

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Form ADV Part 2

By ACG, resources, April 7, 2023

This brochure (“Brochure”) provides information about the qualifications and business practices of Atlanta Consulting Group Advisors, LLC (the “Adviser”).

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ACG’s February Capital Markets Review

By ACG, resources, March 10, 2023

Markets pulled back in February after a strong start to the year as investors digested mixed signals between the economy, inflation, and Federal Reserve | The S&P 500 fell -2.44%, but is still up +3.69% year-to-date | S&P 500 sectors were broadly negative for the month, although the Information Technology sector eked out a +0.45% gain.

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ACG Insights: Ground Control to Major Powell

By ACG, resources, March 1, 2023

After a difficult year in financial markets, there was plenty of pessimism to usher in the new year. Indicative of this negative outlook, the probability of an impending recession hit a new high according to the Fed’s Survey of Professional Forecasters. But what does a recession mean for the economy and financial markets?

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ACG’s January Capital Markets Review

By ACG, resources, February 10, 2023

January marked a strong beginning to the new year with markets rallying broadly as inflation slowed and investors saw a path to avoiding a deep recession. | The S&P 500 gained +6.28% for the month after a disappointing 2022. | The Consumer Discretionary (+15.02%) and Communication Services (+14.51%) sectors led the rally after poor relative performance last year.

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ACG Insights: 2023 Capital Market Assumptions

By ACG, resources, February 8, 2023

The market reset from peak levels in early 2022 has meaningfully increased forward return assumptions as firms publish 2023 Capital Market Assumptions. One of the most important inputs when projecting forward returns is an assumption of the current risk-free rate of return. Much of the increase in 10-year return expectations can be attributed to a higher risk-free rate as fixed income yields have increased significantly from last year...

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ACG Market Review – Q4 2022

By ACG, resources, February 8, 2023

Global Highlights: Economy – Resiliency in light of recessionary risks as inflation wanes and the Federal Reserve continues to tighten policy | Equities – Some relief in Q4 during a difficult year with focus turning to earnings growth amid the possibility for a recession | Fixed Income – Higher yields led to one of the worst years ever for bond investors, but forward expectations have greatly improved

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ACG’s September 2022 Capital Markets Review

By ACG, resources, October 17, 2022

Equities were under continued pressure in September as investors digested continued interest rate increases and an increasingly hawkish Federal Reserve.The S&P 500 fell -9.21% in September and was negative for the third consecutive quarter after returning - 4.88% in Q3 2022. Every sector in the S&P 500 was negative in September, while Consumer Discretionary and Energy were the only positive performers in Q3, returning 4.36% and 2.35%, respectively.

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ACG Market Review – Q3 2022

By ACG, resources, October 13, 2022

Global Highlights: Economy – Persistent high inflation has dwarfed any positive economic data and pushed the Fed to an aggressive tightening cycle | Equities – Markets continue to re-price downward as investors struggle to interpret the path of monetary policy | Fixed Income – Further upward pressure on yields has increased year-to-date drawdowns for bond investors

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ACG’s August 2022 Capital Markets Review

By ACG, resources, September 12, 2022

Equity markets finished August lower after an initial surge to begin the month as investors continue to digest Fed policy amidst inflationary pressures | The S&P 500 fell -4.08% in August and is now down -16.14% for the year. | Energy and Utilities were the only positive sectors in the S&P 500 in August after gaining 2.83% and 0.51%, respectively. Energy remains the clear winner of the past year.

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ACG’s June 2022 Capital Markets Review

By ACG, resources, July 19, 2022

Equity markets in June closed the first half of the year under continued selling pressure, with most indices in technical bear market territory marked by a 20% drop from recent highs | The S&P 500 is now down -19.96% for the year after falling -8.25% in June | The Energy sector reversed a trend of outsized performance and was the worst performing sector in the S&P 500 in June, falling -16.8%. All sectors were negative for the month.

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ACG’s May 2022 Capital Markets Review

By ACG, resources, June 13, 2022

Markets started to regain some footing during the latter half of May after several consecutive weeks of declines. Volatility remained high relative to recent history, as equity markets briefly breached technical “bear market” territory before rallying | The S&P 500 was basically unchanged in May and is now down -12.76% for the year | The Energy sector continued building momentum and was by far the best performing sector in May with a 15.77% gain

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ACG Insights: Wrestling Bears

By ACG, resources, June 2, 2022

Markets thus far in 2022 have dealt with selling pressure that to many investors feels like a shift from the upward momentum experienced over the last several years and post-COVID (Exhibit 1) | Equity market declines have felt atypical because by some measures they really have been rare | The S&P 500 is currently in one of its longest weekly losing streaks in decades (Exhibit 2) | In percentage terms, the current drawdown is relatively common. The question going forward is if the sell-off turns into a prolonged downturn similar to 2000-2002 or 2008-2009 (Exhibit 3).

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ACG Insights: Implications of Higher Rates

By ACG, resources, May 7, 2022

Interest rates have trended lower for several decades, however recent events have spurred a shift towards a more hawkish Federal Reserve, and possibly a rising rate environment | Currently faced with the historically tricky position of curbing inflationary pressures while simultaneously avoiding economic recession, the Federal Reserve will be watched closely by market participants over the coming weeks and months | The effects rising interest rates could have on asset prices will be a top-of-mind question for investors going forward as markets grapple with a shifting monetary policy regime

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ACG Insights: Thinking About Fossil Fuel Divestment

By ACG, resources, May 6, 2022

It is widely accepted that transitioning away from fossil fuel dependence is crucial in the fight against climate change | Institutional investors are increasingly implementing plans to divest from fossil fuel companies | There is plenty of gray area as to how to define and implement a divestment strategy for investors looking to pull money from fossil fuel businesses | Shareholder engagement can be an alternative or a complement to full divestment strategies by helping to enact climate-friendly changes within fossil fuel companies | Investors should weigh some legitimate arguments against blanket divestment such as loss of shareholder influence or ceding economic influence to state-owned oil giants

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ACG Insights: Think Global Not Local

By ACG, resources, May 5, 2022

Global growth is expected to come from outside the United States as global middle-class consumption ascends from nations like China and India | Since the early 1990s, the globally diversified portfolio and the traditional 60% stock and 40% bond portfolio have traded market leadership, sometimes for lengthy periods | The recent strong historical performance of U.S. stocks and bonds have lowered expected returns for these asset classes over the next 10 years, making a globally diversified portfolio more attractive than the Traditional 60% stock and 40% bond portfolio | No one knows which asset classes will outperform in the 2020s, making a globally diversified portfolio the best choice for long-term investors

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ACG Insights: Housing Crash Redux?

By ACG, resources, May 4, 2022

Americans with excellent credit have decided to take advantage of the historically low-interestrate environment and buy homes further away from America’s largest metropolitan areas | Institutions, like pension funds, have seen residential real estate as an attractive place to invest thanks to the low return environment | Builders have struggled to keep with this new demand after underbuilding in the prior decade as COVID-19 supply shortages have caused prices of labor and building materials to increase | Supply and demand fundamentals are likely to remain in place for the near-term supporting housing prices.

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ACG Insights: Has the Game Changed?

By ACG, resources, May 3, 2022

A spike in popularity of “meme” stocks has highlighted a recent trend of outperformance for beleaguered companies with poor financials | Small Cap U.S. Equities have been a focal point of the trend, where the percentage of unprofitable companies in the Russell 2000 index has risen near peaks | The relative outperformance of lower quality compared to higher quality stocks in 2020 was substantial, but also a divergence from history | There have been cyclical swings favoring non-earners that have generally been short-lived and concentrated around recessions | Portfolio exposure to quality stocks in the small cap space can depend both on the active/passive decision and which index is followed by a passive manager

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Michael Butkus

By Kurt Hennek, resources, April 22, 2022

This brochure supplement provides information about Michael John Butkus Jr., and supplements the Atlanta Consulting Group Advisors, LLC (the “Adviser”) brochure.

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Roderick Hennek

By Kurt Hennek, resources, April 21, 2022

This brochure supplement provides information about Roderick Eugene Hennek, and supplements the Atlanta Consulting Group Advisors, LLC (the “Adviser”) brochure.

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Michael Malloy

By Kurt Hennek, resources, April 20, 2022

This brochure supplement provides information about Michael Frank Malloy, and supplements the Atlanta Consulting Group Advisors, LLC (the “Adviser”) brochure.

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Matthew Bauder

By Kurt Hennek, resources, April 19, 2022

This brochure supplement provides information about Matthew Christian Bauder, and supplements the Atlanta Consulting Group Advisors, LLC (the “Adviser”) brochure.

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Kurt Hennek

By Kurt Hennek, resources, April 18, 2022

This brochure supplement provides information about Kurt Roderick Hennek, and supplements the Atlanta Consulting Group Advisors, LLC (the “Adviser”) brochure.

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Client Relationship Summary

By Kurt Hennek, resources, April 15, 2022

Atlanta Consulting Group Advisors, LLC is an investment adviser registered with the Securities and Exchange Commission. Investment advisory services, brokerage services and fees differ, and it is important for you to understand these differences.

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