Our Market Perspective
Market Perspective Thoughts on Equities We seldom get through a year without at least one down quarter, but we are presently on a six quarter winning streak (if measured by the S&P 500 – see Figure 1). Despite last…
Our Market Perspective
As we wrote last month, the most prudent course of action statistically is to assume any particular decline in a bull market is a “correction” and not the start of a new bear market. Bear markets are only revealed over…
Market Perspective & Fund Notes for 8/1/14
Market Perspective Bear markets are a “when”, not an “if”. The goal is to go into one without being overly aggressively positioned, so you don’t have to sell into a declining market. If you can’t achieve the former, the next…
Market Perspective for 6/16/14
Stocks finally broke out of their trading range after the Memorial Day holiday as investors decided that the economy was in fact growing (and that the -1.0% GDP figure for the first quarter of 2014 was a largely weather-driven anomaly). …
Market Perspective for 5.23.14
Stock prices have leveled off here in 2014. The blue chip averages have recovered from both their January correction (6%) and a smaller one in mid-April (4%), but have not been able to meaningfully break out to the upside. Meanwhile…