We’ve never seen anything like this GameStop story. It’s taken on a life of its own and when this many people are paying attention to something there is bound to be misinformation and misunderstandings. So we wanted to look at what we feel are some of the biggest overreactions to this story: This has nothing […]
These are the two scenarios you’re going to hear about in the financial media in the coming days and weeks now that the Democrats have control of the White House, House and Senate:Scenario #1. The democrats are going to crash the markets with higher taxes. Buckle up. Scenario #2. The democrats are going to crank up the […]
What happened: What we did: What we are watching: Our article may include predictions, estimates or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not […]
What happened: What we did: What we are watching: Our article may include predictions, estimates or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not […]
This is the craziest market we’ve ever seen. And we don’t say that to be cute or funny. As experienced financial professionals – we mean it. The pandemic somehow turned a bunch of people into day traders. At first, they were buying beaten-down airline and cruise stocks. Now they’ve moved on to buying shares of […]
Some ideas are fleeting and go in one AirPod and out the other. Others just seem to stick for some reason and you’re constantly coming back to them over and over. Paul Graham wrote such an idea in 2014 about how to be an expert in a changing world and it’s stuck with me ever since: If […]
What happened: · October saw continued volatility in the equity markets. The month leading up to the US Presidential elections looked as if global indexes might recover from September and approach previous All time highs, but retreated ending the month mostly flat. This mid month retread in the equity market can most simply be explained by […]
How did Proxy react in this scenario What we are monitoring for the near future:
What happened: · With August now behind us, we looked back on solid returns across all major global indexes. The leader was yet again the NASDAQ with an impressive 11% return for the month. In-line with rising equities, we also saw the 10 Year Treasury Yield increase to 0.69% from 0.53%. While still historically low, it […]
What happened: July was another strong month for the equity market, extending this historic recovery from March lows. Technology continued to be the driving force, with the NASDAQ reaching new all-time highs, and the S&P 500 breaking out of the red for 2020. The Dow Jones Industrial Average recovered, but remained down over 8% YTD, […]