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Quarterly Market Perspective for 1Q22

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,…

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Trademark Market Perspective for 2/24/2022

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…

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Trademark Market Perspective for 2/1/2022

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:…

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Quarterly Market Perspective for 4Q21

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. …

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