A second look at the overly optimistic structure of the market currently as "everyone is in the equity pool." Combined with the technical deviations of the long-term mean, this is why we recently reduced risk.
This past week was our annual family ski trip, which is why our postings have been lighter than normal this week. We will return next week back with our full schedule. In the meantime, we know you get busy and don’t check on our website as often as you might like. Plus, with so much […]
The increase in speculative risks, combined with excess leverage, leave the markets vulnerable to a sizable correction at some point in the future. The only missing ingredient for such a correction is the catalyst to bring “fear” into an overly complacent marketplace.
You would think that with the U.S. taking out a top Iranian commander, threats of military action flying between the U.S. and Iran, not to mention the "Selective Service" website crashing over concerns of World War III, the markets would be in full "sell" mode. If you thought that would be the case, you were wrong.
“Don’t fight the Fed” That is the current mantra of the market as we begin 2020, and it certainly seems to be the right call. Over the last few months, the Federal Reserve has continued its “QE-Not QE” operations, which has dramatically expanded its balance sheet. Many argue, rightly, the current monetary interventions by the […]
This past week was our annual family ski trip, which is why our postings have been lighter than normal this week. We will return next week back with our full schedule. In the meantime, we know you get busy and don’t check on our website as often as you might like. Plus, with so much […]
The bull market turned in an impressive gain of over 30% (on a total return basis) in 2019. While not a rarity in market history, it certainly falls into the “outlier” category. Not surprisingly, the media has been quick to jump on the story suggesting that if 2019 was strong, just wait until 2020. To wit: […]
J. Brett Freeze, CFA, founder of Global Technical Analysis. Each month Brett will provide you their valuable S&P 500 Valuation Chart Book. This unique analysis provides an invaluable long term perspective of equity valuations. If you are interested in learning more about their services, please connect with them.
There is little denying the rise of “socialistic” ideas in the U.S. today. You can try and cover the stench by calling it “social democracy” but in the end, it’s still socialism. Since 1775, millions of Americans have given their lives in defense of the American “idea.” The tyranny and oppression which arise from communism, […]