Brexit Update

Dear Clients & Friends, We wanted to send you a quick note as we live through another historic day in the story of our global economy. The global reaction to the BREXIT decision (U.K.’s referendum to leave the European Union) is causing a plunge in world stocks today. We believe your portfolios are in a.. read more →

China’s Sell Off

China’s Sell Off Not a sign of worsening economy, a better opportunity because of fear! Waking up on Monday morning with the knowledge that the Chinese market was reeling (-7% to -8%) and affecting all markets around the world, was not a great welcome to 2016. After the last 24 months of flat markets domestically.. read more →

The Long Road Back

Last week the U.S. economy finally recovered all the jobs lost in the worst recession since the Depression.  Last month 138.5 million Americans were working, exceeding the 138.4 million working during December 2007, the first month of the recession. It has been a long-road back, taking over two years longer for jobs to recover than.. read more →

Lots of Thanks

This is the Thanksgiving time of year when we join together as a nation to pause and give thanks for all our blessings.  Investors have a lot to be thankful for this year.  Despite a slow and uneven economic recovery, and perpetual government gridlock, the economy and the stock markets have continued to grind higher.. read more →

Why own Emerging Bonds & Stocks? – Their performance is terrible as of late!

As you look at your current quarterly reports you will notice an under performance in all four of our model portfolios relative to the domestic markets and the risk adjusted returns. This under performance is due to our emerging markets allocation of bonds (down 6-9% for Q2) and emerging stocks (down 8-9% for Q2). At.. read more →

Climbing the Wall of Worry!

This week is the one year anniversary of the rating downgrade of U.S. government debt. America had AAA rating for over 70 years, and last year’s downgrade brought warnings from many that the interest rates on U.S. government debt would be rise and inflation would begin to rise. Those fears did not come true. Since.. read more →

We Are All Linked

I recently viewed a news report on the economic troubles in Europe. This report focused on Spain’s economy, how it’s housing market remained in steep decline, unemployment was 24%, close to 50% unemployment among youth, and how despite having above average college graduation rates, many graduates were leaving Spain for countries with better employment prospects… read more →

Three Year “Market Bottom” Anniversary Thought

“Go to where the puck is going to be, not to where the puck is.” Amid widespread market selling, March 9, 2009 marked the bottom of the market and the start of a 3 year bull market ride. Three years later the S&P 500 is within 10% of its all time high, but many investors.. read more →

Earnings to Headlines

As the final corporate earnings reports for 2011 trickle in, we can say with confidence that 2011 was another good year for corporate profits. Corporate profits are very healthy. In fact they have more than doubled since the 1st quarter of 2009. We should be aware however, now that earnings reports are over we will.. read more →

FEAR + FUNDAMENTALS = OPPORTUNITY?

The European debt crisis, Washington political gridlock, and slow “new normal” economic growth; as investors we all lived through these market events and realities in 2011. Unfortunately, none of these conditions are likely go to away any time soon. Throw in unrest in the Middle East and a potential nuclear showdown with Iran and you.. read more →