What 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,...
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Oh, 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...
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Looking for the Bull Market in the 21st Century
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When 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...
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Life 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...
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“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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“Choice without alternative is only a sleight of hand, it is a magician’s force-play during which you believe you have free will, but your fate has already been decided.” – Garth Stein Federal Reserve Chairman Jerome (Jay) Powell certainly left no chance for misunderstanding on where he stood on incarcerating our country’s least wanted intruder, inflation. Speaking at a meeting of the International Monetary Fund (IMF) on April 25th...
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The mystery of man has no beginning and no end. His intuition and feeling unfold and blend. The Mystery of Man – William Hermanns For investors, the experience of March may have felt a bit like a walk in the park, but readers of the financial press perhaps wondered if it was a book best placed back on the shelf. “Strong Finish Can’t Salvage Tough Quarter for Stocks” opined...
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