In Ernest Hemmingway's The Sun Also Rises, the main character was asked, "How did you go bankrupt?" He responded two ways, "Gradually, then suddenly." When asked, "what brought it on?" he said, "Friends. I had a lot of friends. False friends. Then I had creditors, too. Probably had more creditors
The third quarter is in the books and like the past two we saw stocks and bonds declining. Even inside of a bear market we should see a bounce. As we've been warning throughout the year, just because the market is able to rally it doesn't mean the bear market
If we were to cover all of the various things which moved the market this year—why they happened, what it means for the future, where we see things going, this newsletter could be dozens of pages. Instead, this chart sums it up. Stocks and bonds are
Stocks are set to retest the lows from June. We'll hear a lot this week about a "breakdown" or if stocks hit new lows and then rally. I'm confident there will be plenty of "experts" calling it the "bottom". Stocks are down 16% since August 16 and 13% since Fed
With the market falling, we wanted to get a quick video out to our clients and advisors with an update on how SEM is currently positioned. You can watch the six minute video below or scroll down for the highlights.
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