Nottingham Advisors
Amherst, NY 14226
or
3801 PGA Boulevard Suite 600
Palm Beach Gardens, FL 33410
New York Fax 716-633-3810
Florida Phone 800-281-8974
Articles by Nottingham Advisors
The perfect investor environment, ‘not too hot, not too cold’
Economic Overview As long-time Barron’s pundit Randall Forsyth aptly wrote in this weekend’s edition, “Which one of these doesn’t belong?…
Thomas S. Quealy, Jr. Chief Executive Officer
Tom is a member of Nottingham's Investment Policy Committee, where he contributes to the formulation of the firm's overall investment strategy. Additionally, he works closely with many clients to ensure proper portfolio strategy in order to fulfill their investment objectives. Tom joined Nottingham in 1989 and he plays a leading role in directing the firm's overall growth strategy. Tom brings more than 30 years of investment experience at Nottingham.
Tom holds a degree in Economics with a minor in International Business from the State University of New York at Buffalo. He is currently on the Board of the Buffalo Renaissance Foundation.
Lawrence V. Whistler President
Larry is the head of Nottingham's Investment Policy Committee (IPC), where he leads the firm's investment research and portfolio management team. Prior to joining the firm in 2006, Larry was a partner with O'Bannon, Davis & Whistler, an independent registered investment advisor, and before that spent 10 years as a bond trader with Merrill Lynch in New York City and Los Angeles. Larry has 29 years of experience.
Larry holds a degree from the College of William & Mary and an MBA from Emory University and he received his CFA designation in 2003. Larry currently serves on the board of Catholic Health where he Chairs the Finance & Operations Committee. He is a past board member of Gateway-Longview, United Way of Buffalo & Erie County, Hauptman-Woodward Institute, Buffalo-Niagara Partnership, and the CFA Society of Buffalo, where he served two terms as President. Larry was formerly an adjunct professor at the Canisius College Wehle School of Business and was a member of the Leadership Buffalo Class of 2005.
Matthew J. KrajnaCo-Chief Investment Officer, Director of Equity Research, and Senior Portfolio Manager
Matt is a member of Nottingham’s Investment Policy Committee. He joined the firm in 2012 and is responsible for conducting investment research and contributing to the firm’s overall investment strategy. Additionally, Matt is also actively involved in the firm’s trading process. Matt has 10 years of experience at Nottingham. He graduated with degrees in Accounting, Finance, and Accounting Information Systems and an MBA from Canisius College, Buffalo. Matt earned his Chartered Financial Analyst designation in 2015.
Matt serves as President of the CFA Society of Buffalo and as a Canisius College Golden Griffin Fund Professional Mentor. He previously served as an adjunct professor at Niagara University, where he taught Applied Investment Management. Matt currently works part-time as an adjunct professor at the State University at Buffalo in the Jacobs School of Management, focusing on equity valuation analysis.
Timothy D. CalkinsCO-CHIEF INVESTMENT OFFICER, DIRECTOR OF FIXED INCOME, AND SENIOR PORTFOLIO MANAGER
Tim serves as a member of the Nottingham Investment Policy Committee. He brings over 19 years of investment experience to the team. Tim is responsible for corporate and municipal credit research & trading, as well as contributing to our economic outlook and interest rate expectations. He also leads our alternative investment research and custom allocations, with a focus on private credit and liquid alts. Tim’s membership and active participation with the Buffalo Angels group keeps him connected to the local start-up community.
Serving as a Golden Griffin Fund (GGF) mentor keeps Tim connected to Canisius College and its students. He currently serves as Membership Director for the CFA Society of Buffalo, and is a past board member of the CFA Society of Rochester, the John F. Wegman Fund, The Friends of The Rochester Public Library, The Greater Rochester Community of Churches (GRCC), and other WNY organizations.
More Articles
The U.S. Economy Finished 2023 on Pace
https://www.youtube.com/watch?v=qogWwv7kadM&ab_channel=VettaFi Hello, I’m Conner Gyllenhammer. With the close of another year, the US economy finished on pace for the much…
Disinflationary Economic Data Spurred Significant Rallies
Disinflationary economic data spurred significant rallies across equity and fixed-income markets during November as investors began pricing in fed rate…
Inflation Continues to Remain a Bit Sticky
US Equities fell over 2% throughout October, with bond yields rising across extended maturities along the yield curve. The US…
The Fed Makes Waves
By Timothy D. Calkins, CFA The third quarter of 2023 was back loaded with volatility. The S&P 500 had traded…
A Cooling Economy Buoyed by Waning Inflationary Pressures
Economic Overview Amidst signs of a cooling economy buoyed by waning inflationary pressures, a still-robust labor market continues to underpin…
Market Wrap Recap – The Fed Left Rates Unchanged
At the September FOMC meeting, the Fed left rates unchanged but used hawkish rhetoric to signal that rates will stay…
Market Wrap Recap – July Saw Positive Investment Sentiment in Equities
After pausing their June meeting, the Federal Open Market Committee raised short-term rates by 25 bps in July. With no…
Neutral Odds for a September Hike
The recession debate remains front page news, bolstered mainly by the yield curve inversion of approximately -100 basis points between…
Market Wrap Recap – The U.S. Economy has Continued to Remain Strong
The U.S. economy has continued to remain strong, despite a historically steep inverted yield curve which often signals that a…
Nottingham Monthly Market Wrap: June
Economic Overview The U.S. economy continued to defy skeptics as well as conventional bond market wisdom concerning the slope of the…
Market Wrap Recap – Investors Were Able to Take a Sigh of Relief
After weeks of a tense political environment, investors were able to take a sigh of relief as lawmakers in the…
Nottingham Advisors Economic Overview: June
Forecasts for a near-term recession were dealt a blow in May as the U.S. Unemployment Rate dipped to 3.4%, the…
Market Wrap Recap – The Short-Term Lending Rate Is Now 5%
Earlier this week, the Federal Reserve raised interest rates another 25 basis points bringing the front end of the short-term…
Nottingham Advisors May Final Overview
Economic Overview Economic data in April took a back seat to the drama in the regional banking sector, as the…
Nottingham Advisors: Monthly Market Wrap – March 31, 2023
Economic Overview Economic data in March took a back seat to the fireworks surrounding the meltdowns of Silicon Valley Bank…
Nottingham Advisors: Monthly Market Wrap – October 31, 2022
Economic Overview October may just yet mark the beginning of the end for inflationary pressures here in the U.S. The…
Nottingham Advisors: Monthly Market Wrap – September 30, 2022
Economic Overview For the 3rd consecutive meeting, the US Federal Open Market Committee raised the short-term Fed funds rate by…
Nottingham Advisors: Market Minute – FOMC Update
Fed raised interest rates by 25 basis points on Wednesday. In this short video hosted by our Co-Chief Investment Officer,…
Nottingham Advisors: Monthly Market Wrap – August 31, 2022
Economic Overview Although an inverted yield curve and consecutive quarterly declines in GDP might fit the “old” definition of a…
Nottingham Advisors: Monthly Market Wrap – July 31, 2022
Economic Overview Second quarter GDP declined by an unanticipated -0.9%, following Q1’s -1.6% pullback, fitting the historical definition of a…
Q2 Recap: Is Recession a Fait Accompli?
The first half of 2022 will go down in the record books as the worst S&P 500 performance since 1970…
Monthly Market Wrap – June 2022
Economic Overview The combination of higher interest rates, supply chain disruptions and China’s “Zero-Covid” policy may have finally tripped up…
Monthly Market Wrap – May 2022
Economic Overview Inflation remained the topic du jour during May, with no let-up in high prices in sight. Both Federal…
The Race Between the Fed and Inflation
ECONOMIC OVERVIEW The Federal Open Market Committee will meet this week and likely announce a 50 basis point hike in…
Bonds Face a Difficult Start to 2022
By Tim D, Calkins, CFA Interest rates have experienced significant volatility over the past few years given the pandemic, shut-downs, re-opening,…
Nottingham Advisors: Tension All Around – Monthly Market Wrap
Economic Overview February may have marked “peak inflation” as the Federal Reserve prepares to raise interest rates offthe zero-bound at…
Market Overview – January 2022
As we go to press, U.S. equities have officially entered correction territory for the first time since the onset of…
The “Alternative” Path in investments
Interest in private market alternative investments has continued to increase. This was initially driven by the largest institutional asset owners…
2022 Market Outlook
Back in 1999, while still cutting my teeth on a bond-trading desk at Merrill Lynch in New York City, a …
Monthly Market Wrap – October 2021
As of 10/29/2021 Economic Overview Another month, another hot inflation number. On October 13th, the Year over Year inflation rate…
Intelligent Investing for Young Adults
Written by: Michael J. Skrzypczyk, CFA Although I may lack the life experience of many of the presumed readers of…
Why Inflation Is Sticking Around
By Nottingham Advisors The Fed’s “transitory” inflation thesis was put to the test once again in September as August data…
Eye on the Estate Tax
Written by: Timothy D. Calkins, CFA Earlier this year, you may have heard some brief commotion about the Estate Tax…
With Rates Unchanged, All Eyes Turn To Jackson Hole Fed Meeting
On the surface, the US economy continued to hum along in July, with the Advance Estimate of Q2 GDP coming…
Nottingham 2nd Quarter Market Commentary and Review
We are officially half-way through 2021 and by all measures markets are weird and getting weirder. (NB, “weird” is a…
Nottingham’s June Market Synopsis
Economic Overview Inflation remains the big story at the halfway point of 2021, as the base-effect impact of Q2 data…
Thinking About Inflation – Real Returns
By Matthew J. Krajna With the reopening of the U.S. economy fully underway, pent-up demand has far outstripped COVID-related supply…
Transitory
By Larry Whistler, CFA, President & Co-Chief Investment Officer, Nottingham Advisors With all due respect to the good folks at…
Biden’s Administrative Sea-Change: Pursuing a “Whole of Government” Approach to ESG
Environmental, Social, and Governance (ESG) concerns have continued to build upon their recent notoriety. Investment flows into ESG integrated investment…
Nottingham’s State of the Markets
May’s economic data captured some of the re-opening difficulties facing the economy today, with labor shortages, wage and price inflation,…
Short On Supply, High On Demand: An Update On The Current State Of The Housing Market
Written by: Matthew J. Krajna, CFA The state of the housing market nationwide can be best described as nothing short…
Nottingham Economic Overview: February 1, 2021
Economic data at the beginning of 2021 continued to be skewed by the ongoing pandemic, with regional state-specific shutdowns impacting…
Economic Overview for 2021 Explained in 16 Charts
The U.S. economy slowed into year-end as coronavirus cases surged following holiday gatherings and newly initiated shut-downs were enacted by…
Monthly Market Wrap – December 2020
Economic Overview December 1, 2020 As we enter the final month of 2020, the strong economic recovery from the coronavirus…
Monthly Market Wrap – November 2020
Economic Overview November 1, 2020 As expected, the Advance Estimate for third quarter US Gross Domestic Product showed a massive…
U.S. Economy Update: V-Shaped Economy?
By Nottingham Advisors Asset Management Economic Overview The latest reading for Q2 GDP showed a -31.4% annualized decline in economic…
Covid-19 Shock to U.S. & Global Economies Continues to be Felt Daily
August saw the US economy continue to recover from the second quarter’s Covid-19 induced economic pause, with most data pointing…
Economic Data Shows Rebound Signs After Disastrous May, June Numbers
Economic data received in July showed signs of a rebound from the disastrous numbers seen in May and June. Readings…
Credit Risk and ESG Integration
It is becoming widely accepted that ESG data can provide material insight during the investment analysis process. Often, the investment…
A Tale of Two Markets
The S&P 500 hit an all-time high on February 19th, reaching 3,386, before the emergence in the US of the…