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Portfolio Strategy Review Q3 2018

Q3 Highlights: A judge who likes beer, rising interest rate fear, and an intensifying trade war. The US 10-year bond rate is a good proxy for the cost of money. If you need credit to buy a house,...

Portfolio Strategy Review Q2 2018

Crypto kept crashing and Trump keeps bashing; except for his pal Vlad. The new tax cuts have bolstered US economic growth in this 9th year of economic expansion. Median forecasts for Q2 economic...

Portfolio Strategy Review Q1 2018

The Great Melt Up in stocks continued in January, and then it didn’t. After a January peak driven by economic optimism for US tax reform, a swift 10% decline ensued triggered by several factors: an...

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Portfolio Strategy

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Portfolio Strategy Review Q1 2017

Valuations, Interest Rates, and Future Returns This bull market has lasted eight years as the S&P 500 index has returned more than 300%. US stocks sell today at 29x its CAPE ratio vs. its long-term average of 17x. That’s a 70% premium. Pricey. Some of this is due...

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Portfolio Strategy Review 2016

Dow 20,000 and a Dopio Espresso The bull market is long when you hear people in the coffee shop talking about how the Dow Jones Average has finally breached the 20,000 mark.  Who would have imagined record market highs at this point last year, when the indices ended...

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Portfolio Strategy Review Q3 2016

Don't Think Twice Cause It's Alright.... Bob Dylan was awarded the Noble Prize for literature this past week. High art and low art patrons debate the merits of how and why a commercial artist should be considered for the prestigious award. It doesn’t have much to do...

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Portfolio Strategy Review Q2 2016

Brexit Uncertainty Raises Fear This year’s price action feels a bit like a bear market. The “Brexit” vote in the UK, the dismal first few days of the year, and increased volatility across the board. Yet, the second quarter of 2016 eked out small positive returns for...

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Portfolio Strategy Review 2015

Asset Allocation & Diversification Didn't Work in 2015 In 2015, and thus far in 2016, performance isn’t good. All asset classes turned in weak numbers. Oil, commodities, and emerging markets continued a second year of underperformance fueled by concerns of a...

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401k & Retirement Planning

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The Change We Make

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