99 days until Election Day
In 99 days, Americans will choose the next President of the United States. Presidential elections are weighty affairs, heavy with history and allegory, and they serve as a mirror to America – where we think we are, where we think we should be headed, and…
The market’s wall of worry is daunting, but it’s got nothing on El Capitan
As we tried these past few months to put a very unusual – and very stressful – market and economic environment in perspective, we leaned on a few bits of timeless Wall Street wisdom, including “Don’t Fight The Fed” and “Don’t Try To Time The…
How COVID-19 will impact the future of investor behavior
If you have spent any time on social media in the last few months, you have inevitably seen a host of breathless articles opining on how “Coronavirus Will Change XYZ Forever.” While the impact of COVID-19 is undoubtedly dramatic, it is also human nature to…
Dr. Copper’s Prognosis
When it comes to doctors, there are a lot. The list includes famous (real) ones like Jonas Salk, Neil deGrasse Tyson, Marie Curie; famous (fictional) ones like Dr. Evil, Meredith Grey, Marcus Welby; and famous doctors who really aren’t doctors but go by the title,…
Vlog: Quarter-end Q&A 2Q2020
Tim Holland, CFA, Global Investment Strategist, asks and answers three top-of-mind questions as investors receive their quarterly statements and reflect on the past quarter: Has a stock market bubble formed? What does the economic recovery look like? What are the near-term risks to the economy and…
With apologies to the Dave Brubeck Quartet, here’s our “Take Five”
Even casual fans of jazz – which we believe to be the great American art form – can easily recognize the opening cords to The Dave Brubeck Quartet’s classic, “Take Five.” Released in 1959 and penned by the quartet’s alto saxophonist Paul Desmond, “Take Five”…
There’s no place like home
Most of us have been spending an extraordinary amount of time at home, and if we are lucky – as I am – we have been healthy, employed, and surrounded by loved ones. There really is no place like home, which brings us to the…
Don’t fight the Fed. And, maybe the Federal Government too
Among the better-known Wall Street maxims is “Don’t fight the Fed,” which speaks to the idea that monetary policy and the trend in interest rates determines the direction of the stock market. Or, more specifically, when the Fed is lowering, or keeping interest rates low,…