Blog

Code Orange for the Forever Market?

Simply put, nothing lasts forever, including this impressive bull market. Of course, everyone wants to know how much longer can it last? No one really knows. Are there reasons to think it's sooner rather than later? Sure, but how many tops have been called the last...

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I Can See Clearly Now, My Brain is Gone

Rally on! Admittedly, as of this writing on Friday, October 22, we didn't close at new highs, but we did manage to bounce back from that horrible 5% decline earlier in October that admittedly no one seemed that worried about even when it was happening. BTFD worked...

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Brace for Another Bunny Slope 3% Decline!

In my June blog, The View – Bunny Slope or Matterhorn Slope?,  I discussed the market consensus that any downside risk was most likely a Bunny Slope, rather than a major Matterhorn-like market downturn. Has anything changed since then? We haven’t seen any dramatic...

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The Path Forward After Stimulus

I've spent a lot of time in my recent blogs, and in our current Quarterly Investment Letter, talking over the present economic and stock market situation, but here I want to focus more on what we've done with that information and what our current view is of the...

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The View – Bunny Slope or Matterhorn Slope?

It's been quite a year and a half. We moved from a quick, harsh recession and stock market decline to an even faster recovery. There seems to be fairly broad agreement that we're currently seeing a lot of peak growth numbers in inflation, GDP, and earnings growth. But...

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Positioning Portfolios in a Shifting Market

I want to elaborate why we're positioned the way we are. I think it makes sense to start with where we've come from. For a very long time, we have had a stock market driven by low financing rates. This made any place where you could grow quickly through debt look...

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Reddit Broke the Markets – What do you do?

We're starting to see some of the more obvious issues come out of the heavy government interference we've seen in markets over at least the past decade. What I mean is that we've seen trillions in Fed support and Congressional stimulus, whether you talk about bailouts...

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