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Market Commentary – The Constant February 2023

2023-02-06T16:59:13+00:00

If you think our title sounds like an episode of the TV show Lost, you would be correct. Per Wikipedia, an always reliable source, “’”The Constant” is widely regarded as one of Lost's best episodes, and arguably the best episode of television produced in the 21st century.” I encourage one of our readers to edit this incredibly hyperbolic entry.

Market Commentary – The Constant February 20232023-02-06T16:59:13+00:00

Market Commentary – Winning Ugly January 2023

2023-01-06T20:43:01+00:00

We are going to break this month’s update into two separate pieces. First, we will recap a dismal 2022. Then, we will provide our outlook for 2023, and in some ways, beyond. If you want a little more color, we encourage you to listen to our most recent podcast.

Market Commentary – Winning Ugly January 20232023-01-06T20:43:01+00:00

Market Commentary – Do You Believe in Miracles December 2022

2022-12-08T14:49:45+00:00

In a pleasant surprise, the U.S. made it to the knockout stages of the World Cup. However, as widely predicted, they failed it make it any further. While winning the World Cup would have been truly extraordinary, in the history of American sports, nothing is likely to top the legendary 1980 hockey victory that inspired the titular quote. Such a victory was truly miraculous, at least according to the Oxford Languages dictionary, which defines a miracle as, “a highly improbable or extraordinary event, development, or accomplishment that brings very welcome consequences.” As an aside, we were shocked to learn there is not a Hallmark Christmas movie with this title, wherein “Miracles” is either a town or a dog.

Market Commentary – Do You Believe in Miracles December 20222022-12-08T14:49:45+00:00

Market Commentary – Are You Ready for Some Football? Nov 2022

2022-12-06T19:12:46+00:00

Yes, this is the Hank Williams, Junior catchphrase from the erstwhile intro to Monday Night football (American Style) but we are going to be looking at markets through the lens of association football, specifically the World Cup, which kicks off in a few weeks. Yes, this event is typically played in the summer, but since it is being played in Qatar this year for reasons that certainly have nothing to do with unethical behavior on the part of soccer’s governing body, FIFA, let’s get ready for some football, I mean soccer.

Market Commentary – Are You Ready for Some Football? Nov 20222022-12-06T19:12:46+00:00

Market Commentary – From the Chair – October, 2022

2022-10-05T16:55:19+00:00

It's the beginning of trading in the month of October and the markets have seen a steady decline. This is one of the more difficult market environments we've seen. Jonathan Ruffer, one of the greatest investors of whom you have never heard, recently wrote, “(i)n the forty-five years I have been an investor, I cannot recall a more dangerous period than today.”

Market Commentary – From the Chair – October, 20222022-10-05T16:55:19+00:00

Market Commentary – Ulysses – September, 2022

2022-09-14T18:48:03+00:00

We had some positive feedback on our myth-oriented update, which inspired one reader to ask we theme an update on Ulysses, the James Joyce classic, not the star of Homer’s Odyssey. So, I went to the library and checked out a 30-year-old edition that appeared to have never been opened.

Market Commentary – Ulysses – September, 20222022-09-14T18:48:03+00:00

Market Commentary – Everything’s Coming Up – August, 2022

2022-08-05T00:14:16+00:00

Investors felt a little like Milhouse in July because despite a deluge of bad economic and inflation data, equity markets still posted strong returns. We will look at both the news flow and the market’s reaction; and where it might all go from here in this Milhouse-inspired update.

Market Commentary – Everything’s Coming Up – August, 20222022-08-05T00:14:16+00:00

Market Commentary – Myth Busting – July, 2022

2022-07-12T21:01:22+00:00

As referenced on our recent podcast, there is a modicum of excitement around Top Gun: Maverick. The original is iconic, in part due to its legendary soundtrack, including Danger Zone, by the unofficial king of soundtracks, Kenny Loggins.

Market Commentary – Myth Busting – July, 20222022-07-12T21:01:22+00:00

Market Commentary – Danger Zone – June, 2022

2022-06-07T22:04:49+00:00

As referenced on our recent podcast, there is a modicum of excitement around Top Gun: Maverick. The original is iconic, in part due to its legendary soundtrack, including Danger Zone, by the unofficial king of soundtracks, Kenny Loggins.

Market Commentary – Danger Zone – June, 20222022-06-07T22:04:49+00:00

Market Commentary – Indiana Jones – May, 2022

2022-05-09T22:04:21+00:00

I said no camels. That’s five camels…Can’t you count? Before we get to the elephant, well, camel, in the room, which is a historically bad April for equities, let us look at one of the root causes: The Federal Reserve. More specifically, investors tend to view rate increases like camels: fewer is better. Going into the meeting, we were expecting over ten…by December. The Fed made good on two (2) at the May meeting, bringing the count to three (3) hikes so far, with eight (8) more anticipated.

Market Commentary – Indiana Jones – May, 20222022-05-09T22:04:21+00:00