After stumbling for 8 weeks, market participants seem to be turning their focus on the positive news. Late last week President Trump announced intentions to release “significant” (yuuge) tax reforms this week. The market immediately shot higher, apparently forgetting the fact saying you are going to do something
It seems for 7 years now I’ve been having to defend owning bonds in a portfolio. Back in 2010 the “experts” started talking about the ending of the 30+ year bond bull market. They told us interest rates had to go up because a.) the economy
Last week I spent quite a bit of time talking about the most common behavioral biases exhibited by investors (as well as professional advisors). I flagged it as both a Presentation & Weekend Reading so it is easy to find for future reference. There are two types of behavioral biases
On Wednesday the stock market got spooked when the Fed minutes revealed a lengthy discussion about how & when the Fed will begin to unwind its balance sheet. Many people have forgotten that it is NOT NORMAL for a central bank to hold so many assets on their books. In
For 9 years I’ve been talking about the unintended consequences of the Fed’s policies. The growth rate of the economy during this bull market has been the worst on record, yet it is now the third highest gaining bull market in history. What happened? The Fed
