Summary Sometimes a quarter passes and nothing much happens. Other times, so much happens in a quarter that it seems like a full year. The first quarter of 2022 falls into the latter category. Supply bottlenecks and then, of course,…
The stock market recovery that began on March 15th has stalled out as comments by Fed Governor Lael Brainard on Monday scared investors in terms of the amount of Quantitative Tightening that might occur later this year and into next…
Follow-ups and New Thoughts: My first investment thought today is that TIPs just became more interesting. TIPs started to fade as investors contemplated 5-7 rate hikes, because coupon bonds would then provide more inflation protection. If we assume that the…
Follow-ups and New Thoughts: Bill Hinch is a 35-year investment veteran who now runs the First Eagle Small Cap Opportunity Fund after a long, successful stint at Royce Funds. I took the following notes from his presentation last Tuesday night:…
Summary The stock market shrugged off several attempts at a broad sell-off last quarter to eventually end up about 11% higher. Both November and December saw drawdowns of more than three percent before sharp reversals led to new all-time highs. …