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.

Louise Yamada: Trump Rally Reminiscent of 1994-1995 Breakout in Stocks

By | February 17th, 2017|Categories: Market Strategy Report|

Below is an excerpt from a recent interview with market strategist, Louise Yamada.   “The thing that was really intriguing about the post-Trump breakout in the market was that it moved us out of an entire 2-year consolidation. If you [...]

Do Fund Managers Eat Their Own Cooking?

By | February 14th, 2017|Categories: Market Strategy Report|

You guessed it… “The number of managers showing no faith in their process is staggering.”  Interesting study from Russel Kinnel at Morningstar Research: http://www.morningstar.com/products/pdf/MFIMWEOC0608.pdf  Further statistics reported by the Wall Street Journal are impressive, if not airtight:  [Mr. Kinnel] found [...]

Bull markets have a life of their own…

By | February 7th, 2017|Categories: Market Strategy Report|

For those attempting to interpret today’s rapid-fire political events, here’s an oldie but goodie from Robert Prechter, illustrating the tenuous connection between market action and exogenous events. http://www.socionomics.net/2004/05/the-stock-market-is-not-physics-part-i/ Whatever one may think of Prechter’s own forecasting ability, he certainly raises [...]

Narratives Gone Wild: Investing in the Post-Election World

By | January 26th, 2017|Categories: Market Strategy Report|

Warning. Investment “narratives” may be harmful to your financial health. An investment narrative is a market forecast based on a hypothetical chain of events. If X, then Y, and of course Z. Narratives are an important part of the investment [...]

8 centuries of bond market reversals

By | January 18th, 2017|Categories: Market Strategy Report, Uncategorized|

Interesting article from Harvard’s Paul Schmelzing: https://bankunderground.co.uk/2017/01/04/venetians-volcker-and-value-at-risk-8-centuries-of-bond-market-reversals/ My $.02?  Transitions from bull to bear markets have occurred gradually over long stretches of time.  In the most recent case, bonds traded sideways from 1936-1956.  It’s okay, then, to play cyclical rallies… [...]

When will MSCI admit China A-shares?

By | January 12th, 2017|Categories: Market Strategy Report, Uncategorized|

From Larry Jeddeloh of TIS Group: MSCI has been considering adding Chinese equities to their benchmark indexes for a long time, and just got done with another review [April 2016] wherein they decided to keep the A-shares out for now. But, how [...]

Is Healthcare a “Value Trap”?

By | January 5th, 2017|Categories: Market Strategy Report|

The healthcare sector appears “cheap” on a fundamental basis (Chart 1).   Further downside, however, seems necessary to complete a normal reversion from overbought territory (Chart 2).  I suspect that politics will bedevil the sector in 2017, suggesting underweight exposure for [...]