Insights

Trademark Blog Post – December 11, 2024: The U.S. stock market surged after the November election.  Investors remembered that in the...

Summary The S&P 500 gained 4.3% last quarter, and 15.3% in the first half of the year[1].  That is the good news.  The bad news was that...

Follow-ups and New Thoughts: My first investment thought today is that TIPs just became more interesting. TIPs started to fade as...

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...

Follow-ups and New Thoughts: 1) November Employment Report The number of jobs created in November (210,000) may have been a...

Follow-ups and New Thoughts: So little happened this summer that every time I sat down to write about the concern of the moment, it...

Follow-ups and New Thoughts: 1) On July 7th the 10-year Treasury traded at less than 1.30% for a short time before closing near 1.32%....

Follow-ups and New Thoughts: 1) Everything revolves around interest rates. On June 1st the 10-year treasury rose from 1.58% to 1.61%, and...

Follow-ups and New Thoughts: 1) The decline in the 10-year bond yield from 1.74% on March 31st to as low as 1.53% on April 15th has done...

Follow-ups and New Thoughts: 1) Emerging Markets are still exciting for the long run, but surging interest rates are not helpful for this...

Emerging Market Asset Allocation It would be unthinkable to put together an investment portfolio today that did not include Apple,...

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...

Investors are herd creatures.  We can’t help it; 100,000 years of programming is hard to unlearn.  That said, what enabled our ancestors...

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...

THE NEW GOLD RUSH Welcome to the new gold rush.  There is a feeling in the investment world that we are in an Age of Disruption that is...

Summary 2019 closed on a high note for stocks as interest rate cuts fueled a speculative boom which has continued into 2020.  Against a...

What a difference a year makes!   The year-over-year gain from Christmas Eve 2018 to the same day in 2019 was close to 40%!<1>  We went...

As the markets moved into September there was a lot of fear.  As measured by GDP, purchasing managers, and the Institute for Supply...

Thoughts ahead of this week’s Federal Reserve meeting: Investors expect that the Federal Reserve will ease 25 basis points. This time...

The S&P 500 is up close to 4% since the last Update and about 6.5% since the June 3rd low.<1>  And yet, nothing really seems different in...