Introducing Stephanie Petersen

I would like to introduce myself as the newest member of the Provident team.  I have had the pleasure of already meeting some of our clients and look forward to meeting more in the future. Growing up, I loved a good challenge.  I challenged myself with strategic, logical, and mathematical […]


July Investment Comments

The unemployment rate fell to 4.3% in the most recent Bureau of Labor Statistics release.  A tightening labor market ought to push wages higher, but average hourly wage growth remains subdued at around 2.5%.  This keeps a lid on consumer spending and, in turn, also keeps inflation in check. Low […]


May Investment Comments

With the S&P 500’s forward P/E ratio at approximately 17.5x, stocks continue to trade at an elevated multiple relative to the 25-year average of just under 16.0x.  Per usual, the current environment includes reasons for both optimism and pessimism.  On the positive side for markets, earnings are growing, the Trump […]


April Investment Comments

As investors are well aware, the post-election rise in the S&P 500 has reached double-digit proportions in just over four months.  Recently, we have noticed media speculation that the bull market must be coming to an end since individual investors are “euphoric” over stocks.  Many market professionals sneer that individual […]


Introducing James Skubik

We are pleased to introduce our newest investment professional, James Skubik.  James has served as an equity analyst for two local investment firms.  He has also worked with JPMorgan Chase in the structuring of asset-backed securities.  We hired James out of 400 resumes received because of his deep analytical abilities, […]


March Investment Comments

We have just come through a very strong Q4 “earnings season,” the time of year when companies report their quarterly year-end financial results.  According to FactSet Earnings Insight, authored by John Butters, with 71% of S&P 500 companies reporting as of February 10, the market’s blended sales and earnings growth […]


The True Cost of Indexing

In the past few years I’ve met quite a few index investors who want to lecture me about why indexing is the one and only smart way to invest.  Their smug superiority is really starting to get to me. Indexing is a good way to invest, but it’s certainly not […]