2022 has been a rough year thus far for both stocks and bonds. To recap, the S&P 500 started the year around 4800 and fell to the June lows of 3636, posting a -24.5% loss. From there, a rally ensued taking the index up nearly 19% to 4325 in August on Peak Inflation/Peak Fed Hawkishness “expectations” but that rally has … Read More

In my last publication in late July, I wrote:   “I am beginning to see some things I like on the price charts and have begun nibbling in with our more aggressive clients the past few weeks. A number of the charts I follow are “challenging” their recent downtrend lines and look ripe for higher prices. Should this type of … Read More

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