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, […]
Coronavirus is sweeping the globe. With 2,500 confirmed deaths and over 80,000 reported cases across 34 countries (as of this writing), this illness has caused an international panic and market sell off. Because I am not an epidemiologist, I won’t opine on whether this level of panic is warranted. Nevertheless, what I can do is discuss how […]
After falling more than 4% on Friday the 20th and nearly 3% on Monday the 23rd, the S&P 500 closed at a drawdown of almost 34% from all-time highs. Things were looking bleak for the market but then a funny thing happened — it finally started going up…in a hurry. A 9.4% gain on Tuesday […]
Quarter recap – What a difference a month makes. We began the quarter with a somewhat rosy global economy, with only distant issues happening on the other side of the world. China was having troubles since December with what was thought to be a pneumonia outbreak. Combined with the wild fires that overtook Australia. When […]
What happened: What we did: What is to come: 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 […]
From 1982 through September of 1987, the S&P 500 rose 236% or nearly 24% annually. The index was up more than 50% on a total return basis from the start of 1987 through the end of September of the same year. You know what happened next. The biggest one day crash in history saw stocks […]
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 […]
How did Proxy react in this scenario: What we are monitoring for the near future: 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 […]
We received the following comment recently: About mid-to-late 2019 I said screw it and put most of my portfolio into Facebook, Apple and Microsoft and have done really well. Why shouldn’t I put every penny into these stocks (along with Amazon, Netflix and Google) and just wait for other businesses to get closer to them? […]
