Over the past several years as the S&P 500 has marched steadily higher clients in our lowest risk strategies (Income Allocator & Tactical Bond) have grown anxious. Even though most clients invested in these two programs are there because they either had a very low ability or willingness
2017 was a record breaking year for the stock market in terms of volatility (or lack thereof). This led to money flooding into stocks to start 2018 as the expectation for more calm ahead drew money away from other lower risk asset classes. The massive influx of cash sparked a
The aftermath of a parabolic move
2017 was a record breaking year for the stock market in terms of volatility (or lack thereof). This led to money flooding into stocks to start 2018 as the expectation for more calm ahead drew money away from other lower risk asset classes. The
One of the most common behavioral biases in humans is “representativeness” bias. As Nobel Prize winning economist Dr. Daniel Kahneman described how our brains our programmed to work it is easy to see why this is the case — our brains are generally lazy and want the easiest,
Back in February during the 10 day S&P 500 correction I introduced an analogy about speeding (click here to read it.) Back then the “car in the median” was inflation. My conclusion then was it was not a cop, but enough people were racing along at
