Back in February we featured COVID-19 risks to markets and wondered why the market did not care much. The fear of missing out based on Fed liquidity feeding markets was a significant factor. We look at the hope for a vaccine today and wonder how
With gold making all-time highs, I thought I would update some of my thinking for followers. Asset (commodity) prices move based on the fundamentals of supply and demand distorted by periods of the manic speculation of fear and greed. The rationale for the investment (buy,
Ray Dalio has recently put out some research on the rise and fall of reserve currency status. You can read all the details here and here. What caught my eye and is most interesting is part of the current battle between China and the US
There are hundreds of investment factors and characteristics that help drive returns. For me, I’m a (relative) value or growth (at a reasonable price) investor. I want to tilt my portfolio to the factors that I think will perform better looking forward over the coming
Joe Biden formally announced parts of his economic policy on July 9th. His policies are listed here. As I have said before, I’m not a supporter of extreme left or right policies. I’m far more a centrist that believes in smaller government. So I’m not
I was saddened and mortified to hear the story of Alex Kearns. For years I have been talking about the emotional cost of investing and spending lots of time in the educational part of the show to drive home this important topic. I have heard
Remember Enron, Bernie Madoff, Worldcom… In what has to be a colossal poster child for how laughable the audit process can be, Ernst & Young, accused their client Wirecard of “an elaborate and sophisticated fraud” that allowed more than $2 billion to go missing. E&Y
It’s important to understand what happens to profit margins in a recession. And make no mistake, we are very early in the recession that will most likely last well into 2021 in a best-case scenario. The hope for recovery based on record amounts of liquidity
It’s not real. The market has no true price discovery. We really don’t know what things are worth if the central banks were not printing money. Federal Reserve Chairman Powell told us this week the FOMC expects to keep rates near zero for a few
It is said that bond investors understand the path of the economy far better than stock investors. And at times, like this, it all can be somewhat irrational. The current economic backdrop is a strong case in point—talk about confusing. Stock investors often get caught