How to spot a bubble (Hint – keep an eye out for Tom Hanks)
Several financial publications have recently argued that US equities are in a bubble. A bubble being a point in time when the price of an item runs far above its real value, driven in large part by irrational investor enthusiasm for the asset. The catalyst…
For the market, an unpleasant, but not unexpected, September and October
We just closed the books on a tough two months for the market, with the S&P 500 Index (S&P 500) off 3.8% in September and off 2.8% in October. If we consider a very strong July and August for equities, the COVID-19 pandemic, and the…
The effect of COVID-19 on the markets
As we learned during the Great Recession and, before that, the Tech Bubble, the worst thing to do in times of crisis and heightened market volatility is to panic and cash out. Investors should stay focused on time-horizons and make sure near-term cash needs are…