Identity & Credit Defense


Recent revelations regarding the security breach of the credit reporting agency Equifax, more lately, the SEC, are indeed troubling.   These are organizations that should be impossible for hackers to penetrate. But, I suppose it’s worth sharing that I spent a few years early in my career as an analyst in a national bank’s fraud department […]

Dow 40,000?


That’s right… Dow 40,000.  Do we have your attention?  With the index having breached 20,000, it seems quite reasonable to begin talking about Dow 40,000, right?  After all, the market has largely been on a so-called “Trump rally” since the election, seemingly doing no wrong and heading toward the stratosphere.  Surely Dow 40,000 is right […]

Holiday Thoughts


As we close in on the Christmas holiday and the end of 2016, we’re reminded of  how much there is to be grateful for, even in the face of known concerns and uncertainties so vague we never even know they truly exist until they step out into the light. It’s been an extraordinary year. After […]

On Interest Rates, Déjà Vu


Twelve months ago, as our Winter-2015 newsletter went to “press,” markets were awaiting a mid-December meeting of the Federal Reserve, widely expected to deliver the first uptick in base interest rates in years.  And here we are again, anticipating the Fed’s mid-December confab.  The CME’s FedWatch tool reportedly is assigning about a 95% probability that […]

When The Unexpected Happens


Just as the world expected Britain to vote to remain in the European Union earlier this year, the unexpected may have happened again.  As of this writing, it appears as though Donald Trump may have pulled off the unexpected. As written earlier this week, the stock market tends to react negatively to uncertainty and more […]

Losing Streaks and Elections


As I began writing this last week, the headlines were pretty sensational lately, trumpeting the S&P 500’s 9-day losing streak through last Friday.  This has been the longest such stretch since 1980… the longest in 36 years!! There’s a difference, however, between a long losing streak and a bad losing streak.  Despite the length of […]

Brexit It Is


Since the fall of 2015, we’ve been anticipating volatility leading up to the June 23rd vote by the U.K. on whether to remain a part of the European Union, repeating this mantra even when markets experienced what seemed like an irrational fall in January of this year, seemingly in response to volatility in Chinese stock […]

Markets Await Decision by U.K. Voters on “Brexit”


At this writing, citizens of the United Kingdom (U.K.) are mulling over their June 23rd vote on continuing as part of the European Union (EU) or exiting that integral association. The EU is one of the largest economic unions in history. It joins 28 member nations in a landmark effort to facilitate freer cross-border movement […]

Annual Drill on Capital Gains Distributions


‘Tis the season of giving, and a select few may have received gifts in years past they’d rather not have received for one reason or another.  Investors should expect that to be the case again this year from mutual fund managers, as has been the case the last couple of years. Mutual funds are composed […]

Perseverance


I recently re-read one of my favorite books by British explorer and scientist , R.A. Bagnold, Libyan Sands: Travel in a Dead World.  Published in 1935, the memoir recounts in wonderful detail how he and his companions mounted several of the first successful automobile explorations of the Western Desert of North Africa and the Great […]