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Monthly Market Briefing – May, 2019

By |2019-05-14T15:54:40-04:00May 9th, 2019|Categories: Monthly Market Briefing, Uncategorized|

Our view of the market is qualified optimism. We are committed to challenging our view because markets do not behave exactly as we expect and excessive confidence always leads to trouble. The domestic economy remains in a [...]

Monthly Market Briefing – April, 2019

By |2019-05-14T15:50:37-04:00April 14th, 2019|Categories: Monthly Market Briefing, Uncategorized|

Our view of the market is to trust but verify. The current economic and market data is empirically sound but we need to be vigilant to detect anomalies and market failures. Mark Twain once remarked, “It ain’t [...]

8 centuries of bond market reversals

By |2017-01-19T10:15:08-04:00January 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 |2017-01-19T10:15:25-04:00January 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 [...]

Investing in gold? Here’s what you need to know

By |2015-01-30T11:41:18-04:00January 30th, 2015|Categories: News, Uncategorized|

You can almost categorize investors into two types when talking about gold. The first group is known as the “bugs”, people who have hundreds of reasons for investing in gold and will praise the precious yellow metal no matter how [...]