Blog

  • Looking for Bubbles

    Stocks are once again attempting to add more positive signs to the choppiness that has characterized the past six months. While the short-term signs are looking more and more positive as the days and weeks go by, longer term signs are showing extreme valuations in many different sectors. International investing continues to show that ignoring...

  • Diversification Fatigue

    Markets have calmed from the high volatility that has characterized 2018 thus far. However, the bond market has been showing consistent signs of stress, and traditional diversification is once again causing broadly diversified portfolios to suffer from underperformance. We call this “diversification fatigue”, and it is once again proving you can have too much of...

  • La Dolce Vita?

    Italian bond yields and Italian bank stocks were pummeled this week, with fears returning of another European banking crisis similar to Greece in 2011. There are lessons when markets turn from calm to extremely volatile in short periods of time. Are markets currently undergoing a Paradigm Shift, or should we expect la dolce vita (the...

  • The Good, the Bad & the Ugly

    Clint Eastwood turns 88 years old on May 31, and we are celebrating the legendary actor by looking at the Good, the Bad, and the Ugly in today’s market. We also celebrate him by incorporating truly awful puns in weak attempts to appear witty. Hopefully us High Plains Drifters won’t remain Unforgiven for being so...

  • Pay No Attention to the Man Behind the Curtain

    It seems that the market’s mood may be changing. After blowout earnings from many companies, stock prices have fallen in price instead of rising as one might expect. When bullish events happen, yet bearish price action follows, the potential exists of a shift in investor moods. Is the Fed partially to blame? Executive Summary Economic...

  • Q2 ChartBook: The Investor’s Dilemma

    The first quarter of 2018 has reminded investors that there is indeed risks associated with investing.  There have now been two 10% declines in the S&P 500 since February, and many of our signals suggest that we will remain in a period of elevated risks through mid-year. With this issue, we are beginning to publish...