I look like I’m stable; Like nothing can move me; I look like I’m steady, Like nothing will shake me; But really I teeter; To every work I flinch; But really I totter; To every change I break. Vishal Dutia, Teeter Totter After making its 2022 lows on October 14th the S&P 500 provided investors a very nice recovery of nearly 16% from that date through February 14th. Marrying a...
Read MoreNature’s first green is gold, Her hardest hue to hold…So dawn goes down to day. Nothing gold can stay.. – Robert Frost – Nothing Gold Can Stay Investors may have been thrilled to realize that all that was necessary to restore the pre-2022 luster to the stock market was the simple matter of dropping the two at the end of the year and replacing it with a three. The Wall...
Read MoreWhat you see depends not only on what you look at, but also where you look from. – James Deacon 2022 will be memorialized for investors by market commentators by their use of tag lines such as “returns for 60/40 portfolio investors worst since 1871”. For those investors whom I’m best acquainted with, such as yourself, I’m looking at returns for the year in the negative 14% to 16% range,...
Read MoreOh, yes I can make it now the pain is gone; All of the bad feelings have disappeared; Here is that rainbow I’ve been praying for – lyrics from “I Can See Clearly Now" Observers of the market entertained themselves for much of November debating what the stock market was most likely to view as good news. Signs of slower economic growth said some as that was what was...
Read MoreLooking for the Bull Market in the 21st Century
Read MoreWhen confronted with a challenge, the committed heart will search for a solution. The undecided heart searches for an escape. Alpha Wolf Capital The 3rd quarter certainly started off nicely enough with the S&P 500 rising 14% from July 1st to August 16th but the second half of the quarter was not nice declining 17% by quarter’s end delivering investors a -4.9% return for the quarter as a whole...
Read MoreLife is like an ever-shifting kaleidoscope – a slight change, and all patterns alter. – Sharon Salzberg The headlines of the various stories in the July 30th Wall Street Journal seemed to leave little doubt as to which direction this current version of the economic train was heading. “Recession or Not, the Recovery Has Ended.” “Are We in a Recession Now?” “Jobless Claims Hold Near Highest Level of the...
Read More“Every man takes the limits of his own field of vision for the limits of the world.” Arthur Schopenhauer As we reached the end of the month, the quarter and the first half of the year the commentary on the economy and the financial markets was, in a word, grim. “Brace for Recession Shock After Worst Rout in 52 Years” Bank of America warned. “Stocks End Lower, Capping Off...
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