Probably one of the most frustrating things for me after 25 years of managing investments is how inefficient the market is at pricing in reality. This leads to far too many people getting sucked into the wrong investments.
Last week we've again witnessed two examples of the inefficiency of the
The first quarter generated plenty of news and market fluctuations. We saw some of the worst losses as well as the biggest gains since 2020. Long-term bond yields jumped nearly 1% and the Federal Reserve finally decided it was time to pull back their COVID stimulus. Sentiment plummeted in the
The stock market is back to its highest levels since early February. 10-year bond yields have climbed 1% since the start of the year and are at the highest level since early 2019. Last week we asked who was right – stock or bond traders. The stock market believes the Fed
The confidence some prognosticators have in their outlook and advice they give on television never ceases to amaze me. Of course, they aren't held responsible by their clients and advisors for their advice. Regulators do not force them to document and disclose the performance of their advice. And most importantly,
We're only 6 weeks into the new year, but the wild stock and bond market swings have made it seem like much more time has passed. This of course is because 2021 was a relatively easy year where seemingly everything went up in value. In our 4th Quarter Newsletter, I
