
A monthly column on topics that matter.
This market downturn is unlikely to match 2008
Six trading days is all it took for the S&P 500 to fall 10% from its all-time high set Feb. 19, the fastest 10% correction in history. In less than a month, the Dow Jones industrial average lost 20%, officially
Stock valuations elevated, but not yet peaked
An old Wall Street axiom suggests the stock market is the only place in the world where buyers are more comfortable paying a higher price for the product. If that’s the case, the line at the checkout counter is about
Big news seldom fazes markets, but keep an eye on smaller stuff
While preparing for a review meeting with a client earlier this month, we waited for President Donald Trump to address the nation. It was the morning after Iran had fired missiles at U.S. military bases in Iraq. Although tensions in
Another year of hedge funds not earning their keep
A typical hedge fund requires that any interested buyer first meet the definition of an “accredited investor.” That usually means a person who earns at least $250,000 per year or has a net worth of at least $5 million.
Here’s what bonds are trying to tell us
There’s a long-held belief on Wall Street that if you want to understand what the smart money is doing, look at the bond market. That’s not to say the most successful investors favor bonds over stocks, but rather that trends
Forget last year — why a year-end stock market rally could happen in 2019
When it comes to stock market forecasting, it’s trendy to be pessimistic. Because major equity benchmarks like the S&P 500 have always gone up over long periods of time, television audiences and newspaper readers won’t be impressed by portfolio managers
Zombie companies could be lurking in your stock portfolio
Quick! Check your monthly statements! Your portfolio could be under attack!
The latest U.S. import? Lower interest rates
Of all the ways to make a bet, why wager on a bet that is guaranteed to produce a loss? That’s the question we asked ourselves when reviewing the state of a global marketplace that includes roughly $13 trillion worth