Quarterly Report and Mid-Year Outlook – 6/30/21
Year -to- date has been a joy for equity investors, thanks largely to the promise of a reopened economy. The Standard & Poor’s 500 is up 15.25%, and value stocks have outperformed growth, up 17.03% vs 14.60%, according to the Morningstar advisory service. READ MORE
Quarter end Report March 31, 2021
Quarter end Report March 31, 2021 The first quarter of 2021 saw a decided turn from a “pandemic mentality” to re-opening euphoria. Elders in most states were told they were first in line for one of the two approved Covid-19 vaccines but found frustration in trying to get access. Thankfully, by mid-February, it became clear that cases and deaths from [...]
Portfolio Update 3/6/21
Portfolio Update March 6, 2021 Over the last few trading sessions, I advised exiting or reducing four profitable holdings found in “Active” client accounts. These were Equinix (EQIX), American Tower (AMT), Zoetis (ZTS) and Adobe (ADBE). These are companies in relatively unrelated industries, with attractive fundamentals for the long term. The selloff appears puzzling: with optimism around plummeting cases of [...]
Quarter end December 31, 2020
It’s a Wrap…2020, the year of the long term investor While it is popular to dismiss 2020 as a terrible year, stock and bond investors who refused to panic can celebrate better than average portfolio gains. If one chooses to focus on the negatives, 2020 felt as though we were living through a dystopian movie: the death of a beloved [...]
Wondering How It Happened?
Most of us share disgust at the events in DC this week even if we do not always agree on things political, economic or whatever. I recently read a book called "Like War" that illustrates how those who win the virality war on the internet tend to dominate real world events. There are foreign actors who now have a powerful [...]
The Economy and the Pandemic
This article confirms what I'm hearing anecdotally - people have been saving money during the Pandemic, with options for spending constrained. Meanwhile, our marvelous and ingenius people have found ways to work around Covid's face-to-face constrictions and continue working and earning. Result: likely continued low interest rates and likely bull market continuing ahead. Bloomberg.com, By Tim Duy December 1, 2020: [...]