A Large Bubble in Search of a Large Pin We have been telling you for a long time that markets are expensive. This week, they got a little cheaper. Is it over? Yes and no. Markets don’t go down in straight lines and this market is very oversold on a short-term basis, so a rally […]
It Gets Worse Before It Gets Better Sometimes Wall St. gets so involved in the details that it misses the forest for the trees. And then there are times when we are brought back to the simple basics and that happened this week in a webinar from DoubleLine Capital founder, Jeff Gundlach. Here is the […]
WARNING! Use Extreme Caution! “After two years of ‘up, up, up’ this must be a great time to be an advisor – it just doesn’t get much easier than this!” This theme was more common than expected as we exchanged holiday wishes with friends and clients. The reality is just the opposite. This environment is […]
Market Breadth Portends Trouble Ahead; Tech in Crosshairs? Market Breadth – the degree to which all companies in an index contribute to index returns – has been on the decline and is now reaching extremes. Stocks returns tend to be weaker-than-average with deeper declines, when following a sharp narrowing of breadth. The chart below shows […]
Wherever You Go, There You Are At the risk of sounding like a broken record, we find the current market valuation to be very high. But rather than just say that, we thought it might be helpful to give some perspective around that comment. (Please note that this comment was penned prior to the market […]
Story of the Week: Markets Hit All-Time Highs During the Week, Again! This is why market timing is so difficult. When the market was declining in September, many Wall Street strategists like Mike Wilson from Morgan Stanley, were calling for a 10-20% correction. Many thought we had seen the peak. With all the resources that […]
Why are government bond yields declining? Is the new Delta Variant a threat to the global economic recovery? What should we expect from the upcoming earnings season? What we found to be most interesting, since Federal Reserve Chairman Powell spoke on June 16th, is government bond interest rates have been on a decline (please see […]