Trademark Market Perspective for 8/31/20
The Fed Not much to say about the U.S. stock market overall. I’ve been reading a lot of analogies lately, so here is mine: Imagine northern California, circa 1849. Gold…
Trademark Market Perspective for 2Q20
Summary Stock prices rebounded sharply last quarter as investors began to anticipate an economic recovery. Whether the recovery actually comes to pass as soon as the market hopes is another…
Trademark Market Perspective for May 6th, 2020
Investors are herd creatures. We can’t help it; 100,000 years of programming is hard to unlearn. That said, what enabled our ancestors to survive on the African plains and later…
Quarterly Market Perspective for 1Q20
SUMMARY It probably comes as a surprise to no one, but the first quarter of 2020 was the worst first quarter in modern market history. The stock market lost -19.6%[i]…
Trademark Market Update for March 20th, 2020
Exactly one month ago (February 19, 2020), the S&P 500 made a high just above 3393 before closing at 3384. We didn’t know it at the time, but that was…