Summer officially began over the weekend, meaning we spent the entire spring season in the midst of the Coronavirus pandemic. I don't know about you, but I'm drained. I'm tired of hearing confident predictions of the outcome when nobody has any idea how this is going to play out. We've
I've been managing money for over 25 years. With advisors and clients across the country and now the ability to hold client meetings online I can usually get a pretty good feeling for investor sentiment. I used the word "animal spirits" to describe investor sentiment two weeks ago. Euphoric and
The great COVID experiment has begun. As we enter the 8th week since the US Coronavirus panic began, some states have begun to open back up. While not a controlled experiment with a ton of different variables coming into play, in four weeks we will at least have some data
The virtual ink had barely dried on my "time to get excited about valuations" post when the Federal Reserve did what, up until that point, most of us thought would never happen. They announced they would not only be buying junk bonds, but also junk bond ETFs. The spread between
For those of you who have been following along, I've been using this space each Monday to list all the things I thought about over the weekend. It's something I did during the financial crisis and the 2011 "debt ceiling circus/EU debt panic". There's just too much happening to
