Over the past several weeks, I’ve had a plethora of people in my office with statements in their hands from other advisors. The conversation has become very familiar, and it goes something like this- “I just don’t understand what is going on… I’ve worked with xxx for the last zzz years and we’ve never gone down this bad. Why is … Read More

Our recent managed portfolio additions have been closed out due to further weakness in the equity markets. This puts us back on defense with our only sector positions being in Utilities and Staples (the things you buy at the grocery store every day). Our “Factor” positions are in Low Volatility, Hedged Equity and Momentum (which has gravitated to low volatility), … Read More

There are three key drivers of the markets at this time: Inflation Chinese Lockdown Russia-Ukraine War The Chinese economic reopening and a potential peak in inflation both went backwards last week/over the weekend, and we saw the recent gains in stocks given back.   On Thursday Chinese authorities reinstituted partial lockdowns in Beijing and Shanghai, and on Friday authorities announced … Read More

Since the turn of the calendar, the financial markets have been downright ugly. From their highest closes to yesterday’s intraday lows, the Nasdaq, at its worst point, was down by -29.19%, the Dow Jones Industrial Average was down -15.14%, and the S&P 500 was down by -19.55% before bouncing back in a late day rally. Interest rates have exploded higher … Read More

It’s a bold move and one I do not take lightly, but I’ve spent the last couple of days partially “derisking” our managed portfolios. This is never fun. There are numerous considerations such as taxes and how/when to get back in but when the data presented clearly says its time, a prudent risk manager must act to protect their clients’ … Read More