Perspectives & Commentary

Avalon produces a variety of investment commentaries.

Our perspectives and quarterly commentary are issued throughout the year and cover a range of investment-related topics.

News | Press

Avalon Welcomes New Co-CIO

Enhances Next Generation Capabilities

October 2, 2018


Avalon Advisors, LLC is pleased to announce that E. William (“Bill”) Stone has joined the firm as Co-Chief Investment Officer effective October 1st and will transition to the position of Chief Investment Officer at year end. Henry J. Lartigue, Managing Partner and Chief Investment Officer since 2002, will continue to serve on Avalon’s Board of Directors and Investment Strategy Committee, provide leadership to the firm’s investment management team, and manage the Avalon Core Equity Portfolio.


“As we continue to build a multi-generational firm, the addition of Bill sets up Avalon’s investment team for the next generation of investment management and significantly enhances our advisory capabilities,” said Mr. Lartigue.


Mr. Stone joins Avalon with a wealth of experience after spending 18 years with PNC Financial Services Group, Inc., most recently as Global Chief Investment Strategist for PNC Asset Management. He was a member of its Investment Policy Committee with responsibility for oversight of over $140 billion in client assets. Prior to PNC, Mr. Stone served as Chief Investment Officer at First Western Trust Bank, and also worked at Smith Barney after beginning his career at Salomon Brothers.


“Adding a seasoned professional like Bill provides depth to our already well-respected investment management team,” said Chase Robison, President and CEO of Avalon.


Mr. Stone was PNC’s primary media spokesperson, and a frequent guest contributor to CNBC, Bloomberg TV, and Fox Business. He has been quoted in Barron’s, the Wall Street Journal, Bloomberg and other publications.


Mr. Stone earned his B.S. in Finance from the University of Dayton and his M.B.A. from the University of Pittsburgh. He holds the Chartered Financial Analyst® (CFA) and Chartered Market Technician® (CMT) designations.


Avalon Perspectives

Avalon Market Update

October 12, 2018

Low-Balling Inflation Puts the Fed at Risk

September 28, 2017

TPP Is Dead. What Now?

January 25, 2017

The Possibilities of Trump's U.S.

December 9, 2016

Reversal Rates Are the Next Big Challenge for Central Banks

November 23, 2016

The Good Ole Days Aren't Coming Back

October 13, 2016

The Federal Reserve's Anti-Volcker Inflation Revolt

August 24, 2016

Why the Fed Needs to Raise its Inflation Target

August 18, 2016

Is the Rest of the World Ditching America to Trade with China?

August 3, 2016

Has the Federal Reserve Become Congress's Golden Goose?

July 20, 2016

The Fed Must Avoid the 'Credibility Trap'

June 21, 2016

Why the Fed Needs to Make a Policy Error

May 18, 2016

The Fed Faces Its 'Anti-Volcker Moment'

May 9, 2016

The Fed's Critical Global Mandate

April 29, 2016

Why the Federal Reserve Is All Talk

April 26, 2016

Is the Global Middle Class Really Here to Stay?

April 12, 2016

Quarterly and Monthly Notes

Quarterly Note

Third Quarter, 2018

Quarterly Note

Second Quarter, 2018

Monthly Note

May 2018

Monthly Note

April 2018

Quarterly Note

First Quarter,  2018

Monthly Note

February 2018

Yearly Outlook


Monthly Note

November 2017

Quarterly Note

Third Quarter,  2017

Monthly Note

August 2017

Monthly Note

July 2017

Quarterly Note

Second Quarter,  2017

Monthly Note

May 2017

Monthly Note

April 2017

Quarterly Note

First Quarter, 2017

Monthly Note

February 2017

Monthly Note

January 2017

Quarterly Note

Fourth Quarter, 2016

Monthly Note

December 2016

Monthly Note

November 2016

Quarterly Note

Third Quarter, 2016

Monthly Note

August 2016

Monthly Note

July 2016

Quarterly Note

Second Quarter, 2016

Monthly Note

May 2016

News | Press

Avalon Advisors, LLC Announces new Co-Chief Investment Officer

October 2, 2018

Avalon Advisors, LLC Named to 2018 Financial Times 300 Top Registered Investment Advisers

June 28, 2018

Avalon Advisors Announces San Antonio Expansion

December 21, 2016

Avalon Advisors Announcement

December 16, 2016

Sam Rines

April 11, 2016

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