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At Close: Jun 03, 2026

Don't Presume On History

04:55am, Friday, 04'th Sep 2020
The idea that buying growth stocks at any price is the prudent thing stems from the idea that you can't earn much in bonds, so you must buy stocks.

Portfolio Strategy As Markets Hit Record Highs

04:50am, Friday, 04'th Sep 2020
The dawn of modern monetary policy and impact on markets. Asset allocation in low interest environment.
The August US Services Purchasing Managers' Index conducted by Markit came in at 55.0 percent, up 5.0 from the final July estimate of 50.0.
The Institute for Supply Management's services index posted a 1.2 percentage-point decrease in August, dropping to a reading of 56.9 from 58.1 in the prior month.

When Expectations Meet Reality

12:51am, Friday, 04'th Sep 2020
Markets have powered forward to a record August and set new records consistently. Euphoria is starting to rise back to the high last seen in the dot-com bubble.

Real Vision Dissects Today's Market Volatility

11:35pm, Thursday, 03'rd Sep 2020
U.S. equity markets cratered today, but inevitably these dips get bought and traders can be opportunistic buyers at these levels.
This old maxim has been around so long, it has spooked investors into selling in September. Of course, Thursday's market action did not do anything to engender confidence.

Reacting To The Tesla And Stock Market Break

09:10pm, Thursday, 03'rd Sep 2020
Things have been straight up in historic fashion. This is the first major break in a while to test markets and tech stocks.

The Stock Market Flood Gates May Have Just Opened

01:44pm, Thursday, 03'rd Sep 2020
The stock market has been driven higher by a feedback loop in the options market. Implied volatility levels have been rising, and that may be telling us a massive unwind is near.
We have all the classic signs for a bubble: ignoring valuation metrics, new era thinking or fear of missing out.

Positioning For A Slow And Gradual Recovery

10:08am, Thursday, 03'rd Sep 2020
Once we factored in the recent market decline and recalibrated our return expectations for the five-year period, forecasts for most asset classes, especially the riskier ones, were not all that differ
Investors are commonly told that they should buy and hold equities for the long term. When constructing equity portfolios, be aware of the base rate.

DJIA Changes - Interesting, Yet Meaningless

09:04am, Thursday, 03'rd Sep 2020
Recently, the Dow Jones Industrial Average went through a change in composition. These changes are not uncommon.

Hanging Out With Alice

08:27am, Thursday, 03'rd Sep 2020
Looking at the markets these days it is quite easy to find yourself lost. Equities at all-time highs, valuations at numbers that make no sense, and tech stocks shooting off like Roman Candles.
Is it going to be inflation or deflation? The two schools of thought are poles apart in their thesis of what effect central bank interventions will have.
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