Let’s Be Careful Out There

Posted on Sunday, January 27th, 2019

We were very surprised at the lack of volatility last week given the sheer volume of news. The biggest news may have come on Friday in the form of an article from the Wall Street Journal. In it, the authors made the point of saying that the Fed may reach its destination on the shrinking… read more.

S&P 500 To Double in 2019

Posted on Monday, January 21st, 2019

The S&P 500 is up 6.5% for the year in 2019. The S&P is on pace to double in 2019. That is just not sustainable. We ran this headline last January, S&P To Triple in 2018, and you know how that turned out. We outperformed our benchmarks because we had less risk on the table… read more.

Ride the Wave

Posted on Sunday, January 6th, 2019

We had hoped that the New Year would settle markets. It has not. Why the volatility – the severe swings in the market? A lack of liquidity. Year end markets are notoriously illiquid and if there are fewer bids and offers in the market place then there is the possibility of wider swings. Wider swings… read more.