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, […]
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 […]