It’s been a wild few years for investors in the stock market. We’ve seen big swings from fear (COVID outbreak in 2020 and interest rate hikes in 2022) to greed (‘meme’ stock idiocy in 2021 and ‘AI’ fueled euphoria in 2023). Throughout market history these cycles
The last few weeks of March were filled with concerns about the banking system as the failure of Silicon Valley Bank and Signature Bank caught most people by surprise. This immediately brought memories of the 2008 Financial Crisis which led to risks of more contagion as deposits
A year ago we called 2021, “the year everything went right.” We discussed how all forces aligned to drive the stock market higher. The primary driver was $5 Trillion in stimulus from the government combined with another $5 Trillion of money poured into the Wall
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
After stocks posted a strong performance in 2021, the Wall Street experts warned investors to temper their expectations. The rosiest predictions had stocks posting only an average return around 7-9%. Surprisingly two firms actually predicted stocks would fall a bit. All firms were worried about the
