Nobody Likes to Pay More for Stuff. So Why Does The Fed?
Most folks on Wall Street agree prices for all sorts of things are moving higher, both at the goods level (think corn, oil, copper, houses, used cars) and at the broad basket level (think the Consumer Price Index). Now, given the shutting down of the…
Not to Get Technical, But Let’s Get Technical
One of the more interesting points about investing is the myriad of ways one can go about putting capital into risk assets. Among other options, there are actively managed and passive vehicles; there are highly-concentrated and broadly-diversified strategies; and there are fundamentally and quantitatively driven…
Dow 36,000? Dow 148,000?
At the risk of stating the obvious, those of us who have been paying attention to the markets for the past 21 years have seen a thing or two: the bursting of the tech, media and telecom stock market bubble and the bear market and…
Thinking About Blockbuster Video After a Blockbuster Week
All (most?) of us are likely users of the ubiquitous streaming service, Netflix; most (many?) of us likely remember when Netflix wasn’t even a streaming service, but a purveyor of DVDs by mail; and many (some?) of us likely remember what life was like before…
Vlog: Quarter-end Q&A 1Q2021
Tim Holland, CFA, Chief Investment Officer, asks and answers three top-of-mind questions as investors receive their quarterly statements and reflect on the past quarter: What is driving recent outperformance in value vs. growth? What does the future look like for interest rates and inflation? And, how…
One IMF Saves the World, the Other Upgrades the World (Economy)
The 7th installment of the Mission Impossible movie franchise starring Tom Cruise should hit theaters this November, twenty-five years after the premiere of the first film (which featured the great Anthony Hopkins and the great line, “Mr. Hunt, this isn’t mission difficult, it’s mission impossible….
“When People Stop Being Polite, and Start Getting Real”
As if I wasn’t feeling old enough already with my 30-year college reunion on the horizon (COVID-19 permitting) the folks at Paramount+ go and reboot the original “Real World” as “Real World Homecoming: New York.” The original launched 29 years ago, and introduced many of…
Revisiting Our Bear Market Bottom Checklist
After dropping 35% from its February 19, 2020 peak of 3,393, the S&P 500 bottomed out on March 23, 2020 at 2,192, ending a selloff that included the quickest bear market in the history of the index and beginning the current bull market, which has…
Forget The Fox…What Do The Dots Say?
I don’t know if it still gets played, but not so long ago there wasn’t a kid’s birthday party, or it seemed any other social function one attended, where you didn’t hear the song “What does the fox say?” (that, and “Gangnam Style”). While my…
Don’t Call It A Comeback
Despite a down day Friday, it was a good week for the tech-heavy Nasdaq Composite, with the index up more than 3% for the week. It would seem, after a rough few weeks, growth stocks are finding their footing. But we wouldn’t call it a…