About Mark Ungewitter

Mark Ungewitter is a Senior Vice President & Investment Officer at Charter Trust Company. He was formerly Director of Portfolio Management at Investors Bank and Trust in Boston, Massachusetts. He holds an M.S. from Bentley University and a B.S. from Massachusetts College of Liberal Arts. He is a member of the American Association of Professional Technical Analysts.

The challenge of active management…

By | 2017-08-16T11:39:08+00:00 August 16th, 2017|Categories: Market Strategy Report|

As every stock picker knows, it’s hard to beat an index. This truth is demonstrated by a recent study from The Vanguard Group. See charts below. But here’s the catch. With passive indexing so popular, an active overlay is increasingly [...]

The World According To Point & Figure

By | 2017-07-11T10:00:56+00:00 July 11th, 2017|Categories: Market Strategy Report|

I’m no expert at Point & Figure charting, but I do find it useful for big-picture analysis. P&F charts focus mainly on price – or more specifically, the incremental progression of price. This allows P&F chartists to “see” trends, consolidations, [...]

MSCI accepts China A-shares

By | 2017-06-21T10:25:10+00:00 June 21st, 2017|Categories: Market Strategy Report|

After three years of rejection, MSCI has finally accepted China A-shares into its bellwether emerging markets index. http://www.reuters.com/article/us-msci-indexes-idUSKBN19B325?il=0 The move will be gradual, however, and broader demand for A-shares seems already priced in. We note that the best rallies in [...]

Jeremy Grantham throws in the mean-reversion towel…

By | 2017-06-20T12:57:09+00:00 June 20th, 2017|Categories: Market Strategy Report|

After decades of preaching profit margin reversion, GMO’s Jeremy Grantham just recanted (pp. 9-16). His first-order evidence is presented in Chart 1 below. Something is obviously different about “new era” valuations. Chart 1. Higher and briefer valuation troughs   Grantham [...]