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
Risk Off!
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