Groundhog Day

Posted on Saturday, February 2nd, 2019

“There are decades where nothing happens; and there are weeks where decades happen.”― Vladimir Ilyich Lenin This wasn’t one of those weeks. It must be Groundhog Day as this week looked so much like last week. The only thing that really changed was that Fed Chair Powell confirmed the WSJ report from last Friday, in that,… read more.

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.