Insights

Markets and the Dollar Stocks rallied in recent weeks, until the looming “Brexit” vote in England stopped the upward momentum in its...

Yesterday the Federal Reserve suggested that it was considering raising interest rates.   It cited employment strength (the unemployment...

There are a couple of points I want to make about the way the market is trading: Ever since the stock market began its recession fear...

Summary It was a tale of two half quarters. The first six weeks saw equities sell off on fears that the Federal Reserve would continue...

Notes on The Fed The Federal Reserve decided on March 16th not to raise interest rates. This came as little surprise, as that is exactly...

Updating the January 18th post: Low volatility strategies continue to lose less. They are down roughly -1.79% so far this month, versus...

Summary In a way, 2015 was a lot like 2011.  Markets muddled through the first half of the year, then plummeted in the third quarter...

A few thoughts on the year so far: When I wrote the January 5th, 2016 Market Perspective, I wanted to make the point that stocks were not...

Yesterday I received information from JPMorgan in their comprehensive quarterly Guide to the Market concerning the valuation of the...

On December 16th the big day came when the Federal Reserve raised interest rates by 25 bps. They had not raise rates in seven years. ...

Here’s a look at trends in November: Lower quality bonds dramatically under-performed investment grade bonds last month.<1> Why? Junk...

Unemployment In the wake of the very strong November unemployment report, the stock market has swung to the belief that the Federal...

Here’s a look at trends in October: High quality companies performed much better than lower quality companies. Why? Lower qualities...

Summary Stock markets worldwide sold off during the third quarter.  See Chart 1.  July began with a modest rally, but it was confined to...

Here’s a look at trends in September: Quality, large cap companies performed better than market as a whole, and dramatically better than...

The Federal Reserve did not raise interest rates last week.  Here is how that decision is playing out: Interest rate sensitive securities...

Here's what worked and what didn't in August: Quality, large cap companies did not perform better than market as a whole. Why? Growth is...

As of the market close yesterday, 8/25/15, the S&P 500 has declined -10.9% since the drawdown began last Tuesday, 8/18/15. (See Chart 1) ...

Just a note on what worked and what didn’t in July, because August looks like more of the same. Quality, large cap companies performed...

Commodity prices were weak when July began and they’ve plunged sharply over the past two weeks (before catching a small bounce over the...