By: Mason Wev, CFA®, CMT
4Q 2019— 2020 Should Be Highlighted by Stable Fed Policy & Election-Driven Opportunities
January 15, 2020While 2018 featured rising interest rates and losses among virtually all major asset classes, 2019 was the polar opposite. Both stocks…
Read More4Q 2019 — Failed Recession Fears Highlight 2019’s Climb of the Wall of Worry
January 15, 20202019 represented a tremendous turnaround year. As of January 4th, market psychology turned quickly and the Fed turned strongly dovish, which…
Read More3Q 2019— What Recession Worries? Stocks Enjoy Their Best First Three Quarters Since 1997
October 23, 20192019 has been a year of turbulent headlines for the markets, with the U.S./China trade war switching between hot and cold….
Read More3Q 2019 — Exaggerated Emotions: Investing in a Late Market Cycle
October 14, 2019Reading or watching the media in constant conflict regarding both the markets and politics must have an effect on a person’s…
Read More2Q 2019 — Range of Outcomes as Wide as Ever — but Be Sure to Include a Continuing Bull Market
July 16, 2019What a turnaround it has been for markets over the last six months. December saw a fierce decline driven by fears…
Read More1Q 2019— Growing Late Cycle Concerns: V-Shaped Decline and Recovery
April 16, 2019After a brief but stunning fourth quarter 2018 decline, markets staged a fierce comeback in the first quarter. It all started…
Read More1Q 2019— Snapback Rally on Powell Pivot and Inverted Yield Curve Bookend Volatile Quarter
April 16, 2019After a brief but stunning fourth quarter 2018 decline, markets staged a fierce comeback in the first quarter. It all started…
Read More4Q 2018 — Fourth Quarter Lows Likely to be Retested, but Long-Term Valuation Picture Improved
January 28, 2019The fourth quarter of 2018 began on a positive note, but few knew what turbulence was to come. Markets reached new…
Read More4Q 2018 — Playing Defense
January 22, 2019Investors and asset managers alike are happy to turn the page from 2018 to 2019. Last year was a tough year…
Read More3Q 2018 — Is the Economic Growth Cycle Too Slow and Steady to Become Imbalanced?
October 19, 2018The third quarter was a positive one for U.S. equity investors, as a surging U.S. economy and labor market, in which…
Read More3Q 2018 — Stocks Lead Gains, High Yield Bonds Remain Strong
October 16, 2018The third quarter was positive for U.S. equity investors, as a surging U.S. economy and labor market, in which consumer confidence…
Read More2Q 2018 — Cyclical Bull Market Trends Continue, Despite Worries It Is Long in the Tooth
July 20, 2018The second quarter of 2018 was much more quiet than the first, at least in U.S. markets. We began the quarter…
Read More2Q 2018 — Global Growing Pains
July 20, 2018The consensus thinking in early 2018 was that we had achieved “synchronized global growth,” but only the U.S. has delivered so…
Read More1Q 2018 — Single Digit Returns, Double Digit Volatility
April 30, 2018The first quarter of 2018 finally delivered a long-awaited correction in equities. As usual, the trigger was unanticipated. To our eyes,…
Read More1Q 2018 — The First Quarter Was Back to Normal
April 18, 2018The first quarter of 2018 proved a stark contrast to 2017’s steady and smooth ride up. To begin the year, markets…
Read More4Q 2017 — Bears’ Fears Are Only Imagined
January 25, 2018The Roman philosopher Seneca said that “We are often more frightened than hurt; and we suffer more from imagination than reality.”…
Read More4Q 2017 — The Ride Was Smooth and Up
January 25, 2018The year 2017 was very profitable for both U.S. stock markets and the U.S. high yield bond markets. The ride was…
Read MoreAdding to the Benefits of Diversification
November 15, 2017Diversification is said to be one of the only free benefits that you can get while investing. It costs nothing, except…
Read More3Q 2017 — Markets Are Telling Bears: Resistance Is Futile
October 23, 2017The third quarter of 2017 continued a slow grind higher for U.S. equity markets, while international markets continued to provide leadership…
Read More3Q 2017 — The “Slow Grind” Continues
October 16, 2017The third quarter of 2017 continued a slow grind higher for U.S. equity markets, while international markets continued to provide leadership…
Read More