The July stock market rally has extended into August, leaving investing bears feeling cold and alone. It seems appropriate, then, to quote the Bear himself, the famous survival expert and British SAS veteran. Are bears investing with ambition and pride, or with intelligence and experience? And what about the bulls…is the bullish narrative built on…
Tag: Quant Investing
To Buy REITs or Not to Buy REITs: June 2022 Newsletter
To buy REITs, or not to buy REITs…that is the question. On the one hand, REITs trade at a significant discount to private real estate values, REIT’s have strong earnings growth, and REIT’s own the highest quality commercial real estate portfolios in the country. On the other hand, leading macroeconomic indicators are pointing towards recession.…
Survive Then Thrive: Navigating a Post-Fed REIT Market
The teacup has been pushed off the table. The Federal Reserve has increased interest rates by 50 basis points, ended their purchases of treasury securities, and reiterated their commitment to “significantly reduce” their balance sheet. Since the rate hike on May 4th, the Nasdaq has returned -11.8%, the S&P 500 has returned -8.7%, and REITs…
Time to Dare and Endure: February 2022 Newsletter
A kinetic war in Europe, inflation at 40-year highs, and a stock market that is down 11.1% from its all-time highs as of this writing. Does anything in your portfolio feel easy or comfortable? Are you smiling as you buy the dip or HODL your crypto currency? There are times for ease and comfort in…
Creativity and Flexibility are Requirements in a Hawkish Market - January 2022 Newsletter
After a year of prodigiously sweet returns in 2021, January 2022 was a stark reminder of how quickly the capital markets can change: Bitcoin down -17%, Netflix down -29%, the Nasdaq down -9%, and REITs down -7%. Some of the best performers of 2020 and 2021 got a cold dose of reality. Anyone that thought…