Institutional sophistication for the individual investor
The mini-panic of the last quarter of 2018 seems like a distant memory as 2019 witnessed the best start for the S&P 500 in over 20 years. The bad things that were supposed to happen early this year, notably Fed rate hikes
The stock market began 2018 with a bit of euphoria in January accompanied by many presidential tweets that seemed to tempt fate. After one mid-winter scare it drifted modestly higher until mid-October, and then abruptly accelerated to the downside culminating with December
The stock market has turned in its strongest quarter of the year so far despite the Fed’s recent quarter point increase in short-term interest rates. We had a profitable quarter. Our stock picking skills are intact as we are running ahead of
The quarter was both profitable and frustrating. Many stocks with great earnings histories and reasonable valuations had a mediocre period, and other securities with less attractive metrics did relatively well. So our quarter was not nearly as good as it could have
The Trump bull market is being tested for the first time as the stock market registered a modestly lower quarter and the S&P 500 Index threatened to break below its 200 day moving average for the first time since January 2016. In
We had a very good year. It is fair to say that the stock market did far better than most experts thought possible at the beginning of 2017. The only thing that’s not surprising is that financial markets remain full of surprises
The stock market continues to march ahead and, despite troubling geopolitical headlines, has already exceeded the projections of many analysts for the year. But economic growth is solid, inflation is minimal, and corporate earnings and profit margins are at record levels. Regardless
This was supposed to be the quarter in which the Federal Reserve raised interest rates and put a lid on the stock market rally. Well, the Fed did raise rates. But they can only control short-term interest rates, not long-term rates. And
The S&P 500 Index peaked at 1552 in the year 2000, and after the tech crash, got back to 1576 at the top in 2007. Recently this index briefly touched 2400 – over 50% higher than these previous highs. In early 2009,