April 18, 2022
The broad US stock market is in negative territory as we head into the second quarter of 2022. Measured by the S&P 500 index of large US company stocks—that’s a...
February 24, 2022
Earlier this morning the broad US Markets—pre-opening—were down by 2-3% as news from Ukraine...
February 24, 2022
And maybe the old Soviet bloc too? Buying on dips with periodic recoveries will likely be unsatisfactory if our outlook for rewards is short...
January 18, 2022
Federal Reserve Chairman Powell recently announced that he anticipated the return of inflation but that it would be “transitory” That sounds to us like a ten-dollar word to say...
October 15, 2021
Few of you will disagree with the observation that the stock market has more ups and downs than a roller coaster ride. Those of us in the industry call the most unnerving downdrafts by the polite term “correction”. We offer assurances about the likelihood of a higher...
July 26, 2021
Above is the imposing image of our Central Banking System, the Federal Reserve Building in Washington DC. The Federal Reserve is not a branch of the US government. Strictly speaking, it is not a government entity at all. So Who Runs the Show? Chairman Jerome Powell is its titular head and spokesman. “Fed” policy is set by twelve regional reserve divisions. The twelve, in turn, are owned by various member bank shareholders. The NY Fed is regarded as the ...
April 16, 2021
In our last letter, we briefly commented on the variety of investment strategies that we may use to serve your objectives. We kicked that list off with our Core Strategy, commonly described...
March 17, 2021
In this first installment of the series, we address Investment Management. Going back to the Great Recession in 2008 and longer, this year presents as much uncertainty as many. The dramatic recovery in stock prices from last...
January 28, 2021
It’s traditional in the New Year to wonder what to expect in the coming months. You will listen with one ear to experts telling you how the year will likely roll out. You may consider whether it’s time to retire or go out on your own; to downsize, upsize or renovate; buy, lease or keep the clunker; and whether to finally take the doctor’s advice. You will then act on these...Read More
October 13, 2020
These days, stock market news is featured in the media about as often as weather reports, Covid 19 statistics and Presidential tweets. So, it was no surprise when the 3rd quarter performance of the S&P 500 was recently announced with fanfare on the nightly news...Read More
July 13, 2020
The Pandemic and its impact continue to command the nation’s focus. An election is looming on the horizon. Investors paying attention may have despaired, marveled or mentally shut down...Read More
May 4, 2020
Over the last few months, Covid-19 turned from an obscure disease being monitored overseas to uprooting the lives of pretty much every single American. It is still unclear...Read More
Enclosed is your portfolio performance report for the quarter ending March 31. There is little good news in the report, whether you are heading for, or already in retirement. If you are reading this...Read More
Recall the saying, “When you are up to your a.. in alligators, it’s hard to remember you came to drain the swamp”. No surprise then, at the recriminations...Read More
This email briefing is primarily directed to those of our valued clients that face personal or business challenges, or for whom the continued market volatility...Read More
As the crisis slowly unfolds it is possible to at least postulate the answers to this question…Read More
Last week, March 2nd, we sent you an email briefing about the Corona Virus and the stock market. This time out we provide you with more background and what we might expect...Read More
For the record: From the 1930s Great Depression that arguably ended with WWII, to the Great Recession of 2008 that taxed our nerves...Read More
Stellar 2019 market returns in the US (for stocks anyway) have helped offset the disappointing returns of 2018. The longest bull market in US history is...Read More
US stocks in particular are having a better than decent 2019, as least so far. If the gains hold, and that may be a big “if”, it will help make up for an uninspiring 2018. But with the gains come age-old questions. Can I afford to retire next year? Will my nest egg last a lifetime? Should I...Read More
In our July letter to you titled “The Comeback” (a copy enclosed) we offered a backhanded celebration of recent performance highs and warned ...Read More
Two Quarters of back to back gains after a relatively lackluster 2018. The S&P 500 index of large US stocks is up by 19.5%. Well, it’s about time! Now, let’s take a closer look at that performance (year to date through July 8) through the lens...Read More
The year 2018 tested the resolve of investors, but not for the usual reason. Textbook globally diversified portfolios balanced among stocks, bonds, and cash turned in paltry or even negative returns. That certainly was a cause of concern, particularly for some in...Read More
Our last letter to Clients was titled "While the Market takes a Breather..." Up until then, the only asset class that had any muscle in most of 2017-2018 was Large US Stocks, fueled by the technology giants, today so much a part of our daily lives...Read More
Uncertainty is the hallmark of the markets. But whether it's talk about trade or tariffs, concerns about company earnings, traders pausing to ponder their next moves, or the summer doldrums, from time to time the market will stall or retreat.Read More
Headlines like this have become a weekly ritual in 2018, now that the almost straight up stock market returns of 2017 are behind us. But the headline...Read More
July of 2007 a growing number of regulators, economists, and others – among them Commodity Futures Trading Commissioner Brooksley Born, NYC professor Nouriel Roubini, Peter Schiff of Euro Pacific Capital and Indian central banker...Read More
Not so long ago, an elderly investor with very little tolerance for market risk could buy US treasuries of varying maturities, to earn around 3% per year on average. This would provide current income, great safety of principal and even...Read More
As you look at the chart above you might wonder how a company’s stock price can go from X on Monday to half of X that Friday. Isn’t a stock’s price a reflection of the company’s value? Perhaps then, during the...Read More
What’s Ahead for the Markets? Longer term there will be higher stock prices. Shorter term, we wish we knew. With respect to who wins the Presidency, the market cares less than one would think, in our opinion. Expect more stock...Read More
These innovative products could be called the Swiss army knives of investing. They are marketed as multiple-purpose tools that may protect investors from market losses; while also offering the opportunity for stock market rewards, and...Read More
When all is said and done, you want to be in the market–BUT MAYBE NOT RIGHT NOW. The market goes way up way up one day and way down the next, but mostly sideways. You recall those admonitions to resist the urge to “Market Time”–moving some.Read More
This article is intended to introduce abuses in the retirement plan market place and touch upon what plan trustees and plan participants might do about it. The article focuses on one of the most popular of the defined contribution plan...Read More