Street Savvy

While part of the catalyst was the New Year enabling certain market participants to return, the real driver was Fed Chair Powell’s speech last Friday...

As most of you know, our family’s entire portfolio is invested in exactly the same manner as yours...

The “unconvincing” late October rally discussed in the last update proved to be exactly that:...

Are we halfway done or just getting started?...

For global risk markets though, the painful memories of 2015’s devaluation are still vivid. While such a move would not meaningfully impact the global economy in the medium-term, in the short-term it would create a perfect focal point for fear...

We are in this camp. The intent is to reinvest the proceeds either during a broad-market correction – perhaps during the traditionally volatile September / October period – or idiosyncratically if/when wish-list equities are affected by stock...

All of which leads to the question of how best to position for a market where numbers continue to improve (fundamentals), but perception may start to deteriorate (valuation).

At first glance, this list looks like what you would expect a good portfolio manager to always be doing. In fact, it is very different – good managers generally form their theses, and then constantly use new developments and market feedback to...

The combination of economic growth and tax reform has led to large, projected earnings increases for 2018, as evidenced in the current 5-point gap between trailing 12-month and forward 12-month P/E multiples on the S&P 500...