SLR: Could It End The Bond Bear Market
On June 25th, the Federal Reserve quietly announced a significant change to the Supplementary Leverage Ratio (SLR). While the headlines were muted, the implications for the U.S. Treasury market were anything but. For sophisticated investors, this technical shift marks a […]
Iran Struck By U.S.: Markets, Risk, and Rational Investing
Over the weekend, the U.S. launched strikes against Iran’s nuclear facilities. Currently, I only have the details reported by major mainstream outlets. However, given that stock market futures are trading sharply lower on Sunday, I wanted to get something in […]
The Iran-Israel Conflict And The Likely Impact On The Market
The Iran-Israel conflict and equity markets are now in sharp focus. As direct strikes escalated in June 2025, global financial markets responded immediately. Israel’s airstrikes on Iranian nuclear and energy infrastructure triggered retaliatory missile and drone attacks from Iran. The […]
“Buying The Dip” – Here’s A Technical Way To Do It
Recently, I did an interview about “buying the dip” in the market, which generated many comments. Most were, “You’re stupid; the market is going to crash,” but one comment deserved a more thorough discussion. “When buying the dip, how do you know when […]
Does Consumer Spending Drive Earnings Growth?
It would seem evident that most investors would understand that consumer spending drives economic growth, ultimately creating corporate earnings growth. Yet, despite this somewhat tautological statement, Wall Street appears to ignore this simple reality when forecasting forward earnings. As discussed […]
Buying Stocks Is Always Hard
Buying stocks is always hard. Particularly during corrections. Or, near market peaks. Or, when stocks are falling. And when they are rising. Oh, buying stocks is also tricky when valuations are high. And when they are low. You get the […]
The Stealth Bear Market
Is this a “stealth” bear market? Of course, you may be asking yourself what I mean by that. Historically, bear markets have tended to be pretty evident, as highlighted in the chart below. These bear markets are often more protracted […]
The Anchoring Problem And How To Solve It
Market perspective is essential in avoiding investing mistakes. With the media constantly pushing a “Markets In Turmoil” narrative, it’s no wonder that investor sentiment recently reached some of the lowest levels since the financial crisis. The following chart is the […]
Moody’s Debt Downgrade – Does It Matter?
This morning, markets are reacting to Moody’s rating downgrade of U.S. debt. For those promoting egregious amounts of “bear porn,” this is nirvana for fear-mongering headlines that gain clicks and views. However, as investors, we need to step back and […]