SEPTEMBER 2015 IN REVIEW   ECONOMY: U. S. DATA MODERATE BUT REMAIN EXPANSIONARY Economic reports received in September, which are largely based on economic activity in August, reflected steady overall U.S. economic activity and a healthy consumer, but with moderating strength in the labor market and greater weakness in the manufacturing sector, as a strong…

In recent days we have seen the broader equity markets decline swiftly in reaction to several events that have taken place.  We remain firm that long-term fundamentals remain positive and these market disruptions are not systemic of a broader global failure…  

STILL WAITING FOR SPRING SNAPBACK   Economic Data Economic headlines in July were dominated by global risk hotspots (Greece, China) and falling commodity prices, but behind the headlines, U.S. economic data told a story of slow but steady economic improvement…  

In the second quarter of 2015, the possibility of a June rate increase by the Federal Reserve came and went quietly, with markets unsurprised when rates remained the same. Speculation continues for the date of “liftoff” and there are plenty of arguments for and against rate increases. In the short term, it appears the Fed will raise rates 0.25%…

The second quarter of 2015 brought with it the tenth consecutive quarterly gain for stocks; unfortunately that gain was only 0.3%. After positive economic news helped drive gains throughout much of the quarter, stocks surrendered nearly all of those gains in June when concerns about Greece, China, and Puerto Rico all contributed to a 1.9% drop in the S&P…

MORE SIGNS OF A SPRING ECONOMIC REBOUND   Economic Data Stronger and more consistent signs of an economic rebound from first quarter weakness were the main themes in June’s data releases (which largely reflect economic activity in May). An upward revision to Q1 2015’s gross domestic product (GDP) growth, from -0.7% to -0.2%, also shed a somewhat more positive light on the prior quarter…  

STILL WAITING FOR SPRING SNAPBACK   Economic Data May 2015’s economic reports (which largely reflect economic activity in April 2015) extended the recent theme of a slower than expected snapback from the first quarter economic weakness, which was due largely to temporary factors (unusually harsh winter weather in areas of the country, a major West…

Meet Our Investment Team One of the core values of The Trust Company of Virginia is what we call “The Art of Partnership.” Focused exclusively on wealth management and guided solely by our one-on-one client centered approach, one of our major strengths is the close relationship we maintain with each client…

Every spring we have a number of Forums, usually luncheons, where we bring in speakers whom we hope will inform or amuse our clients in each of our locations.  Renee Norman, author of A Million Tiny Things, My Experience in Caregiving, gave touching and practical talks in Richmond and in Williamsburg about all the myriad details involved…

On May 6th, our annual Richmond client event was held at Lewis Ginter Botanical Gardens. Bill Lohmann and Bob Brown, told antidotes from their travels across Virginia in working on their book, Backroads, People, Places and Pies from around Virginia. TCVA employees welcoming our guests.                      Our speakers:…