If you have ever camped in a national park, you know the rules for dealing with bears. Hide your food, keep your distance, and above all, do not mess with them. The mid-summer stock market rally cheerleaders learned this lesson the hard way in August. Amidst hopes that the Federal Reserve was nearing the end…
Tag: Quantitative Investing
Are You Investing with Ambition or Intelligence? - July 2022 Newsletter
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…
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.…
Decide on Change Instead of Disaster: May 2022 Newsletter
Some things on Wall Street change rapidly. Others never do. While the loud, raucous trading floors of old are gone, there is still a vocal minority you can always find. The “it’s different this time” crowd never truly changes. There are always those willing to sell you a story that has no basis in long-term…
A Cinderella Story: December 2021 Newsletter
What was 2021 like for your portfolio? Was it a year filled with calm nuanced data consumption and analysis? Or was it a year filled with panic and freakout? Did you bomb it down the fairway or shank it into the water? 2021 was replete with reasons to panic and sell stocks, buy bonds, or…