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Disgusted
From the Washington Post: The House ethics committee ruled Friday that seven lawmakers who steered hundreds of millions of dollars in largely no-bid contracts to clients of a lobbying firm had not...
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Weekly Chart Review
The problems last week started in the currency markets. A surge in the Yen is what set the Dow collapse in motion Thursday: A surge in the Yen preceded the drop in stocks. The Canadian dollar took a...
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Weekly Chart Review
They just devalued the Euro and the one rule I've always made money with is to buy stocks in a country after they devalue. Will it work when the currency is regional? I don't know but it may be time to...
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Dirty Shirts Are Dirty Shirts
There was some pretty bad news out of Germany last night. The nations’ Economy Ministry cut its growth forecast for 2014 by a third (from an unsatisfying 1.8% to a worrisome 1.2%), which is more than a...
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Global Asset Allocation Update
I am lowering our risk budget this month based on several factors. For the moderate risk investor, the allocation between risk assets and bonds moves to a defensive 40/60 versus the benchmark of 60/40...
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Global Asset Allocation Update
The risk budgets this month are again unchanged. For the moderate risk investor, the allocation between risk assets and bonds remains at 40/60 versus the benchmark of 60/40. The changes in our...
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Global Asset Allocation Update
The risk budget is unchanged this month. For the moderate risk investor the allocation to bonds and risk assets is evenly split. There are changes this month within the asset classes. How far are we...
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Global Asset Allocation Update
The risk budget is unchanged again this month. For the moderate risk investor, the allocation between bonds and risk assets is evenly split. The only change to the portfolio is the one I wrote about...
View ArticleClik here to view.
Dirty Shirts Are Dirty Shirts
There was some pretty bad news out of Germany last night. The nations’ Economy Ministry cut its growth forecast for 2014 by a third (from an unsatisfying 1.8% to a worrisome 1.2%), which is more than a...
View ArticleClik here to view.
Global Asset Allocation Update
I am lowering our risk budget this month based on several factors. For the moderate risk investor, the allocation between risk assets and bonds moves to a defensive 40/60 versus the benchmark of 60/40...
View ArticleClik here to view.
Global Asset Allocation Update
The risk budgets this month are again unchanged. For the moderate risk investor, the allocation between risk assets and bonds remains at 40/60 versus the benchmark of 60/40. The changes in our...
View ArticleClik here to view.
Global Asset Allocation Update
The risk budget is unchanged this month. For the moderate risk investor the allocation to bonds and risk assets is evenly split. There are changes this month within the asset classes. How far are we...
View ArticleClik here to view.
Global Asset Allocation Update
The risk budget is unchanged again this month. For the moderate risk investor, the allocation between bonds and risk assets is evenly split. The only change to the portfolio is the one I wrote about...
View ArticleClik here to view.
Tactical Update: Uncertainty Abounds
This seems an opportune time to review the difference between Strategy and Tactics. Strategy and tactics are how we achieve our goals and objectives. In our specific case, the goals and objectives are...
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Tactical Update: Long-Term Trends
Note: There are a lot of charts in this post. That doesn’t mean that we are technicians. We use charts because we are primarily interested in trends, especially long-term, big-picture trends. And...
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Weekly Market Pulse: Contrasts & Contradictions
Six months ago, the US was still reporting 226K new cases of COVID a day, a rate that would peak in the first half of January at over 300k. Daily deaths also peaked in those first two weeks of the new...
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Weekly Market Pulse: All or Nothing Investing
This week marks a change in our economic environment or at least our perception of it. Last year, post-COVID onset, we characterized the environment as one marked by a falling dollar and improving...
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Weekly Market Pulse: The Illusion of Control
Jerome Powell delivered his long-anticipated speech at Jackson Hole last week. Well actually, I have no idea if he was actually in Jackson Hole since the speech was delivered electronically, another...
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Weekly Market Pulse: Time For A Taper Tantrum?
The Fed meets this week and is widely expected to say that it is talking about maybe reducing bond purchases sometime later this year or maybe next year or at least, someday. Jerome Powell will hold a...
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Weekly Market Pulse: Zooming Out
How often do you check your brokerage account? There is a famous economics paper from 1997, written by some of the giants in behavioral finance (Thaler, Kahnemann, Tversky & Schwartz), that tested...
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