Shrinkage

Posted on Monday, November 26th, 2018

The S&P 500 lost 3.5% on the week. (So much for the bulls having the ball.) During shortened holiday weeks the bulls tend to have the upper hand. We pay attention to seasonality issues a bunch but the signals are strongest when the seasonality patterns do not hold. A nasty 3.5% drop when the bulls… read more.

Headed for The Junk Pile

Posted on Sunday, November 18th, 2018

We said last week that the latest FOMC statement and inflation numbers had the Feds firmly on track to continue raising rates. Well, the thrill a minute rollercoaster ride continues as Jay Powell was out making statements this week that are leading us to think that he is getting a bit gun shy. Perhaps, GE’s… read more.

Easy Money

Posted on Sunday, November 11th, 2018

Clients are asking what happens next and what do we do about it? Here are some excerpts from an interview Howard Marks did last month on his book tour. I believe it explains the process and what to do next very well.   What can investors do to make better investment decisions? …you have to… read more.