Skip to main content

O W E N

L E G A C Y   G R O U P

A member of D.A. Davidson & Co.

Newsletters

2024 Q4: Fourth Quarter 2024 Investment Commentary

February 11, 2025
The U.S. economy and the stock market proved much stronger than many had anticipated in 2024. The S&P 500 Index marched higher throughout the year finishing up 25%, while notching 57 new all-time highs, the sixth most since 1928, and finishing with consecutive annual gains of over 20% for the first time since the late 1990s.
View More

2024 Q4: What's New at Owen Legacy Group

February 11, 2025
The Owens had a wonderful holiday season surrounded by family and full of fun. They were so glad to stay home and have Marisa’s parents visit from California for Thanksgiving. There is much to be thankful for, especially their newest addition, baby Theo! Christmas was a blast as usual, spent surrounded by the whole Owen clan. Christmas certainly feels a little different and more exciting with seven cousins under the age of ten.
View More

2024 Q4: Market Trends to Watch in 2025

February 11, 2025
Our analysts at Davidson Investment Advisors put together a list of meaningful trends to watch in the coming year. These are big picture trends, not stock ideas, that give us all something to think about for 2025.
View More

Happy Birthday D.A. Davidson

November 8, 2024
October 14 marks a special day in our firm’s history as it was that day in 1935 that David Adams (D.A.) Davidson opened an office in Great Falls, Montana, which began the journey of...
View More

Investing During an Election Year

November 8, 2024
Navigating the market during an election year can be daunting for many investors. Concerns often arise from uncertainties about the incoming administration, international relations, and the potential for market fluctuations...
View More

2024 Q3: What's New at Owen Legacy Group

November 8, 2024
Please help us welcome the newest addition to the Owen Legacy Group, Sophie Millington, who joined the team as a client associate in August 2024. A Bozeman native...
View More

2024 Q3: Third Quarter 2024 Investment Commentary

November 8, 2024
It was far from a quiet summer for the financial markets, which have been volatile as investors parsed through economic data attempting to gauge whether the economy will slow, and how much the Federal Reserve would need to lower interest rates to prevent a recession. Toward the end of the quarter, the Fed opted for a bold start to its shift in policy...
View More

Blue Zones Power 9: Lifestyle Habits of the Healthiest, Longest-Lived People

August 2, 2024
The world’s longest-lived people don’t pump iron, run marathons, or join gyms. Instead, they live in environments that constantly nudge them into moving without thinking about it. They grow gardens and don’t have mechanical conveniences for house and yard work.
View More

Helpful Information on Alzheimer's Disease and Dimentia

August 2, 2024
Is a person close to you suffering from Alzheimer’s disease, or are you concerned that he or she may be? Alzheimer’s is an increasingly common disorder. Learn about its symptoms, what to do if someone you love may have Alzheimer’s, and what to expect as the disease progresses through its natural phases.
View More

Considering a 529 Plan to Roth IRA Rollover?

August 2, 2024
Thanks to a change in the federal tax law that went into effect January 1, 2024, you may be able to roll 529 Plan savings into a Roth IRA without triggering income taxes or penalties. This guide is designed to help you identify those key decision points that may be important to you when considering whether a 529 Plan to Roth IRA is right for you. Of course, you should always consult your personal tax advisor for specific...
View More

2024 Q2: Second Quarter 2024 Investment Commentary

August 2, 2024
In the second quarter of 2024, the U.S. economy remained resilient in an environment where inflation and interest rates remained higher than expectations. Tighter monetary policy was offset by accommodative fiscal policy, and a still strong US consumer.
View More

2024 Q2: What's New at Owen Legacy Group

August 2, 2024
What's New at the Owen Legacy Group2024 Q2 Edition   MORGAN OWEN, CFP®Senior Vice President, Financial Advisor, Portfolio ManagerMorgan and his family have had a fun filled winter with plenty of adventures. Oliver is loving learning how to ski, and the Owens have enjoyed weekend trips to a handful of different Montana ski areas this winter. As the snow begins to melt, Morgan, Marisa, and Oliver are looking forward to longer warmer days and getting out on the river and golf
View More

2024 Q1: Financial Literacy Month

May 1, 2024
At OLG, every month is Financial Literacy Month, but we’re happy there’s a dedicated month for the rest of the country to celebrate! This April, we have ideas for you on ways to improve your financial literacy or the financial literacy of those closest to you. 
View More

2024 Q1: First Quarter 2024 Investment Commentary

May 1, 2024
In the first three months of 2024, the U.S. economy remained resilient despite short-term interest rates sitting near 20-year highs. Noteworthy in the quarter was the continuing robustness in the labor market, stronger-than-anticipated corporate earnings, and a convergence of market participants’ aggressive forecast of rate cuts with the Fed’s own projections. Retail sales pulled back, but the trend remains positive. 
View More

2024 Q1: What's New at Owen Legacy Group

May 1, 2024
2024 started off on a high note for Kaylee and Tanner. They got married in January in Cancun. They had the most amazing week in paradise with their closest friends and family. The wedding day was even more magical than Kaylee could have drempt. They kept the party going and had a reception in Butte with all the people who couldn’t make it to Mexico. While they have loved every minute of getting to celebrate their love, they are looking forward to things winding down and settling into...
View More

2023 Q4: What's New at Owen Legacy Group

January 22, 2024
Morgan and his family had a busy fall enjoying the unseasonably warm weather. Morgan went to North Dakota with his dad Tim for a pheasant hunting trip in October. North Dakota never disappoints; there are always plenty of birds. They have been busy teaching Oliver how to ice skate. He is picking it up quickly and will soon be playing hockey just like his dad. They were also blessed to be able to travel as a family to California for the holidays. It was nice to spend some quality time and celebra
View More

2023 Q4: Market Trends to Watch in 2024

January 22, 2024
Here are some of the Trends that we believe will be important to monitor in 2023 and beyond. Davidson Investment Advisors puts this piece together annually; it is-meant to provide some insight into exciting, disruptive, or otherwise new developments we anticipate to be impactful to businesses, consumers, and society. You may notice that some of our discussions are follow-on and reference past years’ trend pieces. Perhaps that’s a good sign that we have indeed identified trends.
View More

2023 Q4: Fourth Quarter Market Commentary & Portfolio Strategies

January 22, 2024
What a difference a year makes. In 2022, high inflation and the Fed’s commitment to tame it, led to sharply rising interest rates and negative returns for both stocks and bonds. In 2023, much to the surprise of many forecasters, global stock and bond markets ignored widespread expectations that we were headed for a recession and were able to shake off a host of uncertainties to post strong gains for the year. Aided by a powerful year-end rally, U.S. stocks (S&P 500 Index) jumped ne
View More

2023 Q3: Third Quarter 2023 Investment Commentary

November 14, 2023
2023 Q3: Third Quarter 2023 Investment Commentary 

MARKET RECAP
The S&P 500 reached a 2023 high at the end of July before selling off 7.5% through August and September to finish the quarter down 3.3%. Year-to-date the index remains up a solid 13%. Smaller-cap stocks (Russell 2000) also had momentum early in the quarter but changed course and ended the quarter down 5.1%, though are still positive 2.5% year-to-date.
View More

2023 Q3: D.A. Davidson Giving Day 2023

November 13, 2023
D.A. Davidson Day 2023 

Neighborly Spirit. 
Through our associates and our resources, we actively support and participate in the communities where we do business. This is never more evident than...
View More

2023 Q3: What's New at Owen Legacy Group

November 13, 2023
What's New at the Owen Legacy Group - 2023 Q3 Edition  

 As one of the best Montana summers in recent history comes to an end, Morgan and his family are trying to cram in as many summer activities as they can before the snow falls. The Owens have been busy spending time on the river and teaching Oliver how to row.
View More

2023 Q3: Artificial Intelligence (AI) Creates Waves of Opportunity

November 13, 2023
ARTIFICIAL INTELLIGENCE (AI) CREATES WAVES OF OPPORTUNITY 

Seemingly, not a day goes by in 2023 without an article, corporate release, or research report discussing opportunities in AI, all driving mainstream awareness and investor enthusiasm. Over the past few decades, advancement in computing power (think semiconductors) and software has led to AI adoption in a variety of business uses including social media digital advertising...
View More

2023 Q2: Second Quarter 2023 Investment Commentary

July 25, 2023
Global equities continued to rally in the second quarter, led by surging U.S. mega-cap technology and growth stocks, particularly anything related to Artificial Intelligence (AI). The S&P 500 index gained 6.6% in June and 8.7% in the second quarter, driving its year- to-date return to 16.9% overall...
View More

2023 Q2: Disaster Readiness

July 24, 2023
Planning for the unexpected can be beneficial to your family and your financial health. Disaster gives no warning before it strikes — take the time now to prepare for an unforeseen event.
View More

2023 Q2: Summer Fun in Montana

July 24, 2023
SUMMER FUN IN MONTANA - Summer is finally here and before we know it, the snow will be falling again. We thought we would give you a list of our favorite day trips in and around Bozeman to inspire you to make the most of this fleeting season.
View More

2023 Q2: What's New at Owen Legacy Group

July 24, 2023
What's New at the Owen Legacy Group - Associate Leah’s news over the last year has been filled with adventure and new things, and this quarter is no exception with one of her biggest adventures yet on the horizon...
View More

2023 Q1: First Quarter 2023 Investment Commentary

April 27, 2023
THIRD QUARTER 2022 INVESTMENT COMMENTARY MARKET RECAP After a very difficult first half of the year, equity markets rebounded in July and August on investor hopes of an easing in inflation and a Fed pivot or pause. The reprieve was short-lived however, as stocks hit fresh lows in late September amid further aggressive central bank rate hikes and statements of further tightening to come.Global stocks (MSCI ACWI Index) fell 6.82% for the quarter and are down 25.63% for the year. The S&P 5
View More

2023 Q1: Client Access Enhancements: Important Updates Coming Your Way

April 26, 2023
We are pleased to inform you of several upcoming enhancements to D.A. Davidson’s Client Access website. These include expanded enrollment for all account owners and a new Secure Document Share feature. To help us implement these changes and evolve your online experience, we will require current Client Access users to complete an enrollment update starting April 27, 2023. Through this update, you will verify your identity, confirm your eDelivery preferences, and refresh your security q
View More

2023 Q1: What's New at Owen Legacy Group

April 26, 2023
 What's New at the Owen Legacy Group2022 Q4 Edition CARRIE MCALEER, FPQP™, CWS® Senior Registered Associate Carrie, Jon and Brody had a very special Christmas this year with the arrival of Finley Mary McAleer in the early morning of December 6. Weighing 7 pounds, 1 ounce and measuring 21 inches long, she is the perfect addition to their family. Big brother, Brody, was initially unsure of this noisy newcomer, but has since warmed up to the idea of a little sister. He is no
View More

2022 Q4: Fourth Quarter 2022 Investment Commentary

January 27, 2023
An extremely difficult year in the financial markets ended on a down note for U.S. stocks...
View More

2022 Q4: What's New at the Owen Legacy Group

January 26, 2023
Carrie, Jon and Brody had a very special Christmas this year with the arrival of Finley Mary McAleer...
View More

2022 Q4: Market Trends to Watch in 2023

January 25, 2023
Here are some of the Trends that we believe will be important to monitor in 2023 and beyond...
View More

2022 Q1: The Economy and Markets After a First-Quarter Roller Coaster

January 25, 2023
Dr. David Kelly is the Chief Global Strategist at J.P. Morgan Asset Management and is one of our favorite economists for a digestible economic commentary. We hope you find this article informative and clarifying.
View More

2022 Q3: Third Quarter 2022 Investment Commentary

December 7, 2022
Third Quarter 2022 Investment Commentary: After a very difficult first half of the year, equity markets rebounded in July and August on investor hopes of an easing in inflation and a Fed pivot or pause...
View More

2022 Q3: What's New at the Owen Legacy Group

December 7, 2022
What's New at the Owen Legacy Group: Please help us welcome the newest addition to the Owen Legacy Group, Kaylee Simkins...
View More

2022 Q3: The Slope of the Inflation Slide

December 7, 2022
Article: The Slope of the Inflation Slide, by David Kelly, Chief Global Strategist at J.P. Morgan Asset Management
View More

2022 Q2: What's New at the Owen Legacy Group

August 13, 2022
What's New at the Owen Legacy Group: Summer has finally arrived, and the McAleer clan couldn’t be more excited...
View More

2022 Q2: Budgeting for Inflation

August 12, 2022
Budgeting for Inflation: Where to Cut Back. Now is time to take a hard look at your budget...
View More

2022 Q1: What's New at the Owen Legacy Group

August 10, 2022
What's New at the Owen Legacy Group: With such a mild winter in the valley this year, Leah spent much of her outdoor time hiking instead of snowboarding...
View More

2021 Q4: Investment Commentary

January 24, 2022
Fourth Quarter 2021 Investment Commentary: It’s been another remarkable year for the S&P 500 Index, with the index of large-cap U.S. stocks returning a stunning 28.7%...
View More

2021 Q4: What's New at the Owen Legacy Group

January 23, 2022
What's New at the Owen Legacy Group: 2021 found the Owen Legacy Group in the wonderful predicament of growing faster than we anticipated...
View More

2021 Q4: Market Trends to Watch in 2022

January 22, 2022
Market Trends to Watch in 2022: Our analysts at Davidson Investment Advisors put together a list of meaningful trends to watch in the coming year. These are big picture trends, not stock ideas, that give us all something to think about for 2022.
View More

2021 Q4: OLG | Who Does What?

January 21, 2022
OLG | Who Does What? As our team grows, we realize that it can be hard to know who on the team is best suited to help you with what question...
View More

2021 Q4: Holidays at the OLG

January 20, 2022
Holidays at the OLG: The Owen Legacy Group and the Bozeman branch of D.A. Davidson donated over $5,100 to Operation Holiday...
View More

2021 Q3: Supply Chain - How will it affect my Christmas shopping?

October 25, 2021
Will Global Supply Chain Woes Spread to the North Pole? While optimism remains high for a strong 2021 holiday shopping season, Santa’s elves are worried about persistent production and transportation bottlenecks that could limit the availability of gifts under the tree this year...
View More

2021 Q3: Third Quarter 2021 Investment Commentary

October 25, 2021
Third Quarter Investment Commentary: A September slump put a pause on the global equity bull market. The S&P 500 Index dropped 4.7% for the month, developed international equities (MSCI EAFE Index) fell 2.9%, and emerging-market (EM) stocks (MSCI EM Index) dropped 4.0%...
View More

2021 Q3: What's New at the Owen Legacy Group

October 25, 2021
What's New at the Owen Legacy Group: Anne and her family are in back-to-school mode, the sports of summer are winding down, and the golf clubs and swim suits are put away and traded out for snow suits, soccer cleats and hunting gear...
View More

2021 Q2: Investment Commentary

July 23, 2021
Second Quarter 2021 Investment Commentary: Equities around the globe continued to surge in the second quarter. The U.S. and developed international markets led the way, with the S&P 500 Index gaining 8.5% and developed international stocks rising 5.7%. Emerging market stocks trailed in terms of progress on the COVID-19 front and in turn rose by a more modest 4.9%
View More

2021 Q2: Cryptos are Booming (and Busting, and Booming, and Busting)

July 22, 2021
Cryptos are Booming (and Busting, and Booming, and Busting): Our team at Davidson Investment Advisors has long followed the progress, adoption, and potential use cases for cryptocurrency — both because of its potential to impact the businesses in which we invest, and because it is a rapidly-evolving and interesting corner of financial markets...
View More

2021 Q2: What's New at The Owen Legacy Group

July 21, 2021
What's New at the Owen Legacy Group: The Owen Legacy Group has taken advantage of this unseasonably warm start to summer. We have each taken some time to fish, hike, float, swim, golf, camp and fill these wonderful long Montana days...
View More

Our Views on Inflation

July 15, 2021
Investors have been concerned about inflation. But while year-over-year consumer price index (CPI) inflation will most likely rise in the coming months, we agree with the Federal Reserve that the rise is likely to be transitory. We see an economy reflating as it recovers from a recession, not one on the edge of a hyperinflationary spiral.
View More

2021 Q1: Investment Commentary

April 18, 2021
Market Recap: Global stocks continued to power upward this quarter from their pandemic bear market low on March 23, 2020. The 500 Index gained 6.3%, developed international stocks gained 4.5%, and emerging-market stocks gained 4%. These benchmarks are now up an astonishing 80.6%, 74.8%, and 74.6%, respectively, since the bottom.
View More

2021 Q1: What's New at The Owen Legacy Group

April 17, 2021
To kick off the year, Brenda and her husband signed on the line for the purchase of another lot in their same subdivision, just as the cost of building materials skyrocketed 20-40%. Nothing like buying high!
View More

2021 Q1: A Great Tool for Busy Clients

April 16, 2021
As a client of the Owen Legacy Group, you may know that we have a website www.owenlegacygroup.com. What you may not know are all of the ways this website can be helpful and assist in augmenting the services we provide to you and your families.
View More

2020 Q4: 2021 Trends

February 1, 2021
From solid-state batteries and alphafolds, to zombie companies, corporate woke, DPUs, APIs, telehealth and more, there are numerous trends on our radar for 2021.
View More

2020 Q4: What's New at The Owen Legacy Group

February 1, 2021
On December 5th our lives changed forever. We stopped into urgent care because Charlie was complaining that his leg hurt, we were then rushed to the ER, spent the night in the hospital, and the following day at the Billings clinic with one of two pediatric endocrinologists in the state.
View More

2020 Q4: Investment Commentary

February 1, 2021
We look back at what we’ve endured and lay out our investment outlook for 2021 and beyond. While many risks remain, the effective vaccines that are starting to be distributed provide a real light at the end of the tunnel.
View More

2020 Q3 Feature: Covid Burnout

October 29, 2020
I have heard so many people say, “I just want to put 2020 in my rearview mirror and move on.” But how do we move on with the shroud of 2020 still surrounding and affecting our everyday lives? What do we do when we are tired of wearing masks, and worrying? We take care of ourselves and each other and do our best. Here is an uncomprehensive list of things that have helped us stay on track, stay optimistic and connected with those around us.
View More

2020 Q3: Third Quarter Key Takeaways

October 29, 2020
Despite some choppiness in September, equity investors were treated to solid gains during the third quarter. The S&P 500 Index rose 8.9% in the quarter and has recovered all its losses for the year. Underneath the surface, mega-cap growth names continue to lead the U.S. market.
View More

2020 Q3: What's New at The Owen Legacy Group

October 29, 2020
Carrie and Jon were thrilled to welcome their first child, Brody Kelly McAleer, into their family at 2:00 a.m. on Thursday, August 27. Brody weighed in at 6 pounds, 12 ounces and measured 19.5 inches long. Despite arriving very quickly and 10 days early, both baby and mother were healthy and are doing great!
View More

2019 Q1: What's New at the Owen Legacy Group

September 10, 2020
Claire Anne Ashton joined the Ashton Family on February 7th at 4:17PM. She weighed 7lbs 8oz and was 20 inches long. Both Anne and Claire are doing very well and are enjoying their time together this spring.
View More

2019 Q1 Feature: Retirement Through the Ages

September 10, 2020
The word “retirement” means something different to everyone and often changes as we move through each stage of our lives. We go from our 20s where we almost cannot fathom retiring, to our 40s where our lives are so busy we wish retirement were tomorrow, and into our 60s, where suddenly it has become a reality.
View More

2019 Q1: First Quarter Key Takeaways

September 10, 2020
On the heels of their worst December since 1931, U.S. stocks opened 2019 by scoring their best quarter since the financial crisis. Larger-cap U.S. stocks gained 13.6%, placing the S&P 500 Index’s performance in the top decile of quarterly market returns since 1950. Not to be left behind, foreign equities, which were by far the most battered coming out of 2018, generated double-digit returns.
View More

2019 Q3: Third Quarter Key Takeaways

September 10, 2020
The financial environment continues to feel like a game of tug of war. On one side, we have a still-solid U.S. economy that has grown for a record number of consecutive years. While measures of manufacturing activity are slowing, global services activity, which represents upward of 70%-plus of the global economy (and more than 80% of U.S. GDP) still looks solid.
View More

2019 Q3 Feature: Volatility is Not a Four Letter Word

September 10, 2020
I think we are all glad to see the 3rd quarter of 2019 in the rearview mirror. If you turned on the news at any point this summer, odds are you wish you had walked out the door and onto a quiet trail instead. Even though Q3 ended the best consecutive three quarters since 1997, it didn’t feel that way for many. We did not have the quiet summer in the markets that many of us have come to expect.
View More

2019 Q3: What's New at The Owen Legacy Group

September 10, 2020
It seems that winter has arrived early to Montana and snow has covered the mountains surrounding Bozeman. This is an exciting time of year for Morgan whose favorite winter activity is spending time with friends and family on the ski slopes. Over the last couple of years, Morgan has another reason to be excited: he has taken his passion of skiing and channeled it into volunteering with the Bridger Bowl Foundation (BBF).
View More

2019 Q4 Feature: The Benefits of Volunteering

September 10, 2020
Having trouble fitting volunteer work into your busy life? It may help to know that while spending your time in community service is viewed predominantly as a selfless activity, volunteering may be just as good for you as it is for your community and the cause you are helping. In fact, studies show that volunteering can provide multiple, sometimes unexpected, benefits.
View More

2019 Q4: Fourth Quarter Key Takeaways

September 10, 2020
Our portfolios generated strong returns for 2019, a bullish year for nearly all financial markets. The positive broad-based returns marked a dramatic (and welcome) turnaround from 2018, a year in which nearly all asset classes faltered.
View More

2019 Q4: What's New at The Owen Legacy Group

September 10, 2020
Over the course of this year, Leah was searching for ways to expand her career and increase the value of the support she gives to the Owen Legacy Group. In the fall, Leah embarked on a 12-week learning course to earn her Financial Planner Qualified Professional™ certification.
View More

2020 Q1: What's New at The Owen Legacy Group

September 10, 2020
Oliver Burnham Owen was born to Marisa Nicole Owen and Morgan Fletcher Owen at 9:08 p.m. on March 27, 2020. He weighed 7 lb, 9 oz and was 21 inches long. There were no complications other than being born during the coronavirus pandemic, and the entire family is safely social distancing at home.
View More

2020 Q2: What's New at The Owen Legacy Group

September 10, 2020
After 25 years at 529 E. Main Street in Bozeman, D.A. Davidson is moving. Even though we are excited for the new office, we are sad to leave behind our well-known address.
View More

2020 Q2: Feature: How Will This Election Year Impact Your Portfolio?

September 10, 2020
Election season is upon us. If you have made the transition to only subscription entertainment, you may not be being inundated by negative ads, but out in the world it is hard to escape. In almost every conversation we have with clients, inevitably someone will ask, “how will this election affect my portfolio?”
View More

2020 Q2: Second Quarter Key Takeaways

September 10, 2020
For most of the second quarter, financial markets seemed to defy grim economic news, the continued spread of COVID-19, and worldwide protests against racial inequality. Global equities performed strongly for the quarter and rewarded investors who remained invested.
View More

2020 Q1 Feature: Estate Document Challenge

September 10, 2020
So you are stuck at home and watching the market go up and down, or watching your kids slowly drive each other crazy, you have cleaned everything...twice... and finished the pile of books on your nightstand and wishing there was something you could do. Since it always feels good to do something productive, and we are all going to need a break from binging on Netflix and the news, we are issuing a COVID-19 challenge.
View More

2020 Q1: First Quarter Key Takeaways

September 10, 2020
We are living through an extraordinary period in history that none of us will ever forget. The impact on our families, communities, and country has been profound. While several weeks ago we had reason for cautious optimism that the coronavirus might be largely contained to China, it is now obvious that is not the case.
View More

2019 Q2: What’s New at The Owen Legacy Group

September 10, 2020
Getting in touch with her Montana roots, Brenda is fully embracing the outdoor lifestyle this summer, with a new camper and golden retriever puppy. The majority of her weekends have been spent with family exploring nearby lakes, rivers and parks.
View More

2019 Q2: Second Quarter Key Takeaways

September 10, 2020
The first half of 2019 saw robust gains across most asset classes, but it certainly wasn’t a smooth ride. Global stock markets got a jump start on the year thanks to progress in US-China trade negotiations and a newly “patient” Fed, but an abrupt breakdown in the trade talks (announced via Presidential tweet) spurred a sharp market sell-off in May.
View More