T&C | Episode: Octoberfest


After enjoying the festivities, including a fantastic caricature, we delve into the underappreciated risks associated with both zero-day options and put writing, given the launch of a new ETF that combines the two. We examine the market’s recent reaction to CPI data and the potential for inflation to re-accelerate with soaring oil prices and wage pressure from the current UAW strike.

T&C | Episode: Octoberfest2023-09-18T16:35:59+00:00

Market Commentary – September 2023: The Price is Right


America lost a television icon in August with the passing of Bob Barker, long-time host of The Price is Right. As one of our colleagues insightfully noted, he died at age 99, coming as close as possible to 100 without going over. We will come on down and use a few of the show’s games for this month’s recap. September Update - Key Takeaways • Fed policy finally started to squeeze investors in August. • The deck remains stacked against investors as we consider the factors we track. • The rest of the year may be a cliff hanger, especially for higher valuation stocks.

Market Commentary – September 2023: The Price is Right2023-09-13T13:19:01+00:00

September 2023: Voltaire and the Irony of Passive Index Investing


The French Enlightenment philosopher, writer, historian Voltaire once wrote: “The Holy Roman Empire was neither holy, nor Roman, nor an empire.” Adapting one of history’s pithier jibes to the realm of financial advice, we think the so-called passive index is most often neither passive nor an index, and it is most certainly not investing. Investors should take heed.

September 2023: Voltaire and the Irony of Passive Index Investing2023-09-11T17:37:30+00:00

T&C | Episode: Upside Down and Backwards


We parse Fed Chair Powell’s Jackson Hole speech and assess the odds (and timing) of further rate hikes versus a pivot. We also examine the impact on the global economy of China’s weakening property market. We conclude with a look at the recent weakness in U.S. consumer stocks and debate whether expectations for megacap tech earnings are too high in the wake of this week’s market reaction to everyone’s favorite AI stock.

T&C | Episode: Upside Down and Backwards2023-08-29T15:44:13+00:00

Behind the Ticker Episode 13: Adam Eagleston – Formidable / FORH


Episode 13 features Adam Eaglston, the Chief Investment Officer of Formidable Asset Management. Formidable is an active and adaptable financial services company. They employ a disciplined process and build client portfolios and develop financial plans.

Behind the Ticker Episode 13: Adam Eagleston – Formidable / FORH2023-08-15T18:19:00+00:00

T&C | Episode: Daring Is Darling without the “L”


We return from hiatus with a recap of the happenings in emerging markets, including Chinese property problems and Argentinian elections. We juxtapose the echo boom in tech names with the so-called dot com darlings, and look at how those high-flying companies fared in terms of sales growth (outstanding) and investment returns (dreadful). We close with the odds of and implications for a pivot by the Fed.

T&C | Episode: Daring Is Darling without the “L”2023-08-15T17:50:42+00:00

Market Commentary – August 2023 Update: The Barbie Market


August Update - Key Takeaways • Returns for equities continue to be dreamy in 2023. • While GDP growth remains resilient, other factors point toward a dose of reality. • While investors remain transfixed by the attraction of stereotypical growth at any price, we look for opportunities elsewhere.

Market Commentary – August 2023 Update: The Barbie Market2023-08-11T17:43:32+00:00

Thank You Gentlemen!


Thank You, Gentlemen! As summer comes to an end—Formidable would like to extend a heartfelt thanks to our summer interns for all their great work. We wish Sathya Panchu and Pierce Kreider the best of luck as they return to Cal-Berkeley and UNC, respectively. We’re all excited to see what they do next, and [...]

Thank You Gentlemen!2023-08-08T16:41:15+00:00

Market Commentary – July 2023 Update: The Ocean Called


Key Takeaways • Seven (7) stocks, fueled by AI mania, account for all the market’s return in 2023. • Employment and economic growth remain resilient, but so does inflation. • With everyone piled onto the same side of the ship, we look for opportunities elsewhere.

Market Commentary – July 2023 Update: The Ocean Called2023-07-13T13:00:54+00:00

T&C | Episode: Barn Cat Drama


We welcome special guest Kalee Kreider, president of Ridgely Walsh and former communications director for Vice President Al Gore. She offers a unique perspective on the recent debt ceiling resolution, as well as the broader implications of “Bidenomics”. She, Will, and Adam discuss the implications of fiscal policy on the Fed, inflation, and the political landscape for 2024. We close with a conversation on the emerging power of the executive branch, and its supporting bureaucracy, in the wake of a dysfunctional legislative branch, and the role a changing Supreme Court may have. It’s like eight grade civics, only entertaining.

T&C | Episode: Barn Cat Drama2023-06-22T13:58:14+00:00