Equity Markets Rebound on U.S. Tariff Pause in Q2 Global equity markets were volatile in Q2, coinciding with President Trump’s tariff rates announcement and the subsequent pause in early April. Coming into Q2, equity markets were in decline as investors anticipated President Trump’s tariff “Liberation Day” announcement on April 2nd. When announced, the new tariff […]
Market Update – Q2 2025 Read More »
As an investment consultant and portfolio manager for different clients, I manage a number of different investment strategies. Once you understand my investment philosophy, you’ll understand why I manage these strategies the way I do. I share the investment commentary on these strategies here. U.S. CORE STRATEGIES The U.S. Core strategies provide long-term exposure to
Investment Strategies Update – Q2 2025 Read More »
SUMMARY It’s been an interesting last few months. I hope you were prepared for the volatility. In the midst of the market decline in March, I provided my updated views in my Outlook & Positioning piece. You can read it here… Outlook & Positioning March 17, 2025 Since my March Outlook & Positioning piece, President
Outlook & Positioning – June 9, 2025 Read More »
Here we go again. Wall Street strategists continue to chase the market, this time adjusting their year-end target forecasts for the S&P 500 Index lower after the market declined. Last year, they chased the market higher, increasing their forecasts after the market rallied. Below is a list of Wall Street firms and their 2025 year-end
Wall Street Strategists’ Guesses Follow Markets Lower Read More »
As an investment consultant and portfolio manager for different clients, I manage a number of different investment strategies. Once you understand my investment philosophy, you’ll understand why I manage these strategies the way I do. I share the investment commentary on these strategies here. U.S. CORE STRATEGIES The U.S. Core strategies provide long-term exposure to
Investment Strategies Update – Q1 2025 Read More »
Global Equity Markets Mixed While Bonds Rally in Q1 Financial markets began the year relatively strong, and investors were bullish following the Republican sweep of the November elections. As President Trump and his administration took office, investors were looking for direction. In a short period of time, the Trump administration quickly announced tariffs, immigration directives,
Market Update – Q1 2025 Read More »
SUMMARY Remember volatility? Here we are again. Following the Republican sweep in the November elections, investors were optimistic about the potential for a strong business environment under Republican leadership. I’m not going to rehash my commentary on and concerns with the potential issues surrounding tariffs, government spending cuts, immigration/deportation, inflation pressures, etc., but these are
Outlook & Positioning – March 17, 2025 Read More »
Following the November U.S. elections, there was a general sense of investor bullishness based on what I considered a “default” belief that Republicans are good for the economy and risk assets. My concern was that even with a Republican sweep of the November elections, there was still a ton of uncertainty around inflation, tariffs, taxes,
Political Uncertainty and Weaker Economic Data Impacting Financial Markets Read More »
Strong Year for U.S. Equities; Bonds Were Mixed 2024 was another strong year for investors in the U.S. equity market. The S&P 500 Index ended the year up 25.0% and the NASDAQ 100 Index was up 25.9%. Smaller U.S. companies lagged large caps in 2024, with the Russell 2000 Index rallying 11.5%.1 The U.S. equity
Market Update – Q4 2024 Read More »
As an investment consultant and portfolio manager for different clients, I manage a number of different investment strategies. Once you understand my investment philosophy, you’ll understand why I manage these strategies the way I do. I share the investment commentary on these strategies here. U.S. CORE STRATEGIES The U.S. Core strategies provide long-term exposure to
Investment Strategies Update – Q4 2024 Read More »
Well, it’s that time of year again to take a look at Wall Street strategists’ year-end S&P 500 Index guesses (forecasts). Without looking, how do you think they did? For the record, I don’t envy the strategists’ job having to provide a price target for the S&P 500 Index, and I’m probably sure they don’t
Wall Street Strategists’ Forecasts 2024/2025 Read More »
SUMMARY Well, the uncertainty of the elections is finally over, but the uncertainty of government policies remains. For the moment, investors are giving the Republican majority the benefit of the doubt. In simplistic terms, without doing any deep work and taking a leap of faith, investors will tend to assume that a Republican majority across
Outlook & Positioning – December 11, 2024 Read More »
I’ve had family and friends ask me about Bitcoin lately. I’m not surprised as the broader media picked it up that Bitcoin reached $100,000 in price. Since people I care about wanted to know what I thought, I felt the need to provide a note about it. As always, this isn’t advice, it’s just my
Bitcoin: My Thoughts and Experience Read More »
This is the Part 2 follow-up to my first post on the elections, titled Don’t Let the Emotions of Politics Impact Your Investment Decisions posted on November 16, 2024. Now that we have confirmation that the Republican party controls the White House, Senate and House of Representatives, there is a higher probability that the Republican
After the Election: Setting the Goalposts Read More »
Ok. Sometimes I really get an urge to say something. This is especially the case when it comes to politics and the financial markets. Politics can be emotional. I totally get it. I’m not a fan of the tribalism when it comes to politics. I have opinions, and so do others. Based on our own
Don’t Let The Emotions of Politics Impact Your Investment Decisions Read More »
Ok, I’m seeing more commercials for gold bars and coins, so I think it’s time to touch base on gold again. The Bloomberg Gold Subindex (Total Return) is up over 34% year-to-date as of 10/30/31, so gold-related companies getting on the commercial bandwagon now again to sell past performance to retail investors is not a
Gold Commercials Are Back, So Time to Revisit Gold Read More »
As an investment consultant and portfolio manager for different clients, I manage a number of different investment strategies. Once you understand my investment philosophy, you’ll understand why I manage these strategies the way I do. I share the investment commentary on these strategies here. U.S. CORE STRATEGIES The U.S. Core strategies provide long-term exposure to
Investment Strategies Update – Q3 2024 Read More »
Strong Equity and Bond Market Performance in Q3 Diversified investors were rewarded in Q3 as both equities and bonds rallied in the quarter. Supportive economic data and the anticipation of Fed rate cuts provided tailwinds for the financial markets. Equities were volatile during the quarter but showed resilience, with performance broadening out by the end
Market Update – Q3 2024 Read More »
The Milwaukee Brewers just lost the MLB Wild Card Series to the New York Mets. The Mets are moving on in the playoffs and the Brewers’ season has come to an end. I was actually at Game 1 with a great friend of mine, but Games 2 and 3 had me thinking about investing, as
Investing: Swinging at the Fat Pitches Down the Middle Read More »
SUMMARY Volatility finally picked up in the equity markets over the last couple of months. Patient investors waiting for a better opportunity and looking to add risk may have been rewarded if they “bought the dip”. In August we finally had the correction in artificial intelligence-related stocks, which I had been waiting for. Prior to
Outlook & Positioning – September 20, 2024 Read More »
