Halloween is coming and the market is getting spooky (again)
How fitting. It’s October and just like Michael Myers in the Halloween movie, market volatility has returned to give us all a fright, with the S&P 500 Index (S&P 500) off nearly 4% at one point for the month. We see recent volatility, beginning with…
It’s not politics that matter; it’s policy and fundamentals
We are increasingly asked how politics might impact the economy and the market, a reasonable question given growing talk of impeachment and the coming 2020 election. And while we seem to be entering – or reentering – a period of greater political uncertainty, we see…
A good rule of thumb for valuing the market
Coming into 2019, Brinker Capital believed if we could solve for monetary policy risk and trade policy risk that the economy and markets would be biased higher. Well, so far, we’ve received more good news than bad on both fronts, and risk assets and the…
The recession has been dodged (or ducked, or dipped, or dived, or dodged)
Recently, more than a few market prognosticators saw the US economy headed for a recession, a not unreasonable thought given weakened corporate and consumer sentiment, a very disappointing 20,000 jobs created in February, and increasingly flat US 2 Year / 10 Year Yield Curve and…
The Fed goes from stock market bad cop to stock market good cop
What a difference a month – give or take – can make. In December, the Federal Reserve (Fed) raised the Fed Funds rate 25 basis points (think of a basis point as cents are to a dollar) to a range of 2.25% to 2.50% and…