We have discussed the Federal Reserve’s recent unprecedented balance sheet expansion in previous updates. Below is a chart of M2, which is a simple meassure of money that includes cash, checking deposits, and easily convertible near money. To continue reading click below: Market in a Minute 2020-5-26
Read BlogLast week, a couple of famous hedge fund managers expressed how overvalued the stock market is currently, specifically David Tepper said “ … the market is the second-most overvalued he’s ever seen, behind only 1999”, and Stanley Drunkenmiller, “… the risk reward of investing in stocks has never been worse.” To continue reading click below:…
Read BlogWe start this week with an update on the fundamentals. As we have said repeatedly, we believe in the back half of 2021 we will be at a run rate in terms of earnings for the S&P 500 to be similar to 2019 earnings of $164. To continue reading please click below: Market in a…
Read BlogWe had about a -4% decline from the high in the market on Wednesday, after the Federal Reserve held their very positive press conference to the low on Friday. To continue reading click below: Market in a Minute 2020-5-4
Read BlogThere are 16 states starting to reopen this week. Probably the most aggressive is Georgia. The market will be watching closely for how quickly the virus begins to spread again or not. To continue reading click below: Market in a Minute 2020-4-27
Read BlogIt was interesting that the near-term oil futures price, that is expiring today, collapsed on Monday to a price of negative $37 per barrel. Just when you think you have seen everything possible. To continue reading click below: Market in a Minute 2020-4-21
Read BlogThe market had a historic rally last week up about 12% on the S&P 500, driven by massive short covering, insider buying and bargain hunters. Some of the moves off the bottom in depressed value names have been extraordinary. Early stage bull markets are typically led by value stocks and small cap companies. To continue…
Read BlogThis has been bothering me since the Coronavirus crisis started. It appears very clear that the virus came from China and maybe not actually from the wet markets, but possibly was it manufactured and released by accident, or not. To continue reading click below: Market in a Minute 2020-4-7
Read BlogWe are big proponents of tactical management, especially in this phase of the market. We are currently in a bear market, investors should be braced for more downside risk, but at some point, the markets will bottom and move back into a bull market. This phase of the market may last a while or could…
Read BlogThe market obviously is focused on one thing, the Coronavirus, and the resulting impact on the economy. At this point, we believe the market is discounting businesses starting to normalize in May or June. To continue reading click below: Market in a Minute 2020-3-31
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