Published on April 1, 2021
How does a bull market die? Conventional wisdom says that it is not by old age, its policy error. Killing off a bull market is harder than one may think. Market history says an average bull market lasts anywhere from four to eleven years, and those with strong first year gains have been longer bull market eras.
Published on March 1, 2021
March has always been a month of transition; in like a Lion, out like a Lamb. This rings true for both the weather and the markets. This year the markets are centering in on interest rates and the yield curve as the main catalyst for continued equity market gains or a signal to flip from Risk-On to Risk-Off.
Published on February 1, 2021
Maybe it is the grey weather and February doldrums, but it is difficult to shake the feeling of impending doom these days. Waking up in the morning can feel like Groundhog Day: check the Covid stats, read about whatever terrible political issue is happening, and look at the markets; is today going to be manic or depressed?
Published on October 1, 2020
As we approach Election Day it feels more like Apollo 13 approaching re-entry. Events have occurred leaving us vulnerable and wounded, limping duct-taped together towards the horizon.