Don’t get down if the markets aren’t dancing in September
It’s been a positive – if somewhat bumpy – year for US equities, with the S&P 500 Index (S&P 500) up about 17% in 2019, despite pullbacks of about 7% in May and August. The robust performance of the US stock market isn’t surprising given…
“And it’s too late, baby now, it’s too late” (Or is it?)
Carole King may have been lamenting the inevitable end of a long-lived relationship in her classic ballad “It’s too late,” but for worried investors she could have easily been singing about how US monetary and trade policy have conspired to bring an end to the…
Why we’re not worried about the deficit and debt!
It’s coincidental Ross Perot passed away at a time when many members of our political and economic classes are increasingly concerned about our nation’s deficit and debt, and how both could be meaningful headwinds for the economy and risk assets going forward. While not dismissive…
Fortunately, there’s no rule about not talking about “The Rule of 20”
Coming into 2019, Brinker Capital believed if we could solve for monetary policy risk and trade policy risk that the economy and the markets would be biased higher. Well, we received more good news than bad on both fronts lately, and risk assets and the…
A tale of two yield curves
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the…
Ferris was right: Life – and the market – move pretty fast
We think Ferris’ words of wisdom apply equally as well to the stock market and would cite near-term and long-term return streams as proof positive of that point. To back up a bit, May was a month to forget for risk assets, as the S&P…
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…
Battle of the market stars – Lou Ferrigno is earnings, ABC is stocks
Before there was reality TV there was, well, a lot of things including Battle of the Network Stars, which in a way was reality TV. Hosted by Howard Cosell and broadcast annually during the late ‘70s and early ‘80s, the show featured celebrities from the…
It’s a big birthday for the bull market, and we see a successful quest for greater gains
Happy birthday bull market! The longest running bull market in United States history hit a major milestone last week, turning 10 on March 9. It sure has been an interesting and exciting 10 years. US equities, as measured by the S&P 500 Index, found their…
Volatility vanishes (again), but it should be back (again)
More than once last summer, we were asked our thoughts on the early 2018 spike, and subsequent drop, in market volatility as measured by the VIX, Wall Street’s “Fear Index.” We noted we weren’t surprised by the return of volatility, an accelerating economy and rising…