Profits not politics

6.11.19

Profits not Politics

One wayward tweet can send the markets spiraling in the short term, but RBA knows that in the long term, profits determine the direction of the markets, not politics.  

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Duration = Risk

5.8.19

Duration = Risk

Investors remain fixated on longer-duration bonds even as their risk increases. Duration is a measure of risk and myopically focusing on the long end of the curve while it appears to be significantly overvalued may prove fruitless.

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Doomed to repeat the Tech Bubble?

3.14.19

Doomed to repeat the Tech Bubble?

Investors’ current enthusiasm for piling money into next great tech unicorn is ominously reminiscent of March 2000.  Might we be doomed to repeat the Tech Bubble?  

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Be your portfolio's designated driver

4.8.19

Be your portfolio's designated driver

Investors have remained on the sidelines for most of this 10+ year bull market, yet FOMO is leading many to join the party late. In this late cycle environment, one should consider sobering up before the punch bowl is taken away.

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You can lead a horse to water

2.12.19

You can lead a horse to water, but you can't make it lend

The Fed’s constant balancing act between easing and tightening monetary policy is intended to influence banks’ lending habits, but as the old axiom goes; you can lead a horse to water, but you can’t make it lend.

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