October 2022 Cartoon: De-FAANGed
October 2022 Cartoon: De-FAANGed
3Q, 2022 Asset Class Return Quilts
Gold and Taxable Bonds remained the best performing asset classes year to date. U.S. Large Cap Stocks continued to rally from the March 23 bear market lows, while U.S. Small Cap stocks lagged.
COTW: IPOs Have Left Many Speechless This Year
Airbnb CEO and Co-Founder, Brian Chesky, was left speechless on Bloomberg TV last week after hearing the opening price of his company’s IPO for the first time. It was a reaction shared by many investors this year when observing the performance of IPOs.
COTW: Small Cap Stocks Playing Catch-up
While small cap stocks (as measured by the Russell 2000 Index) have lagged large cap stocks (as measured by the S&P 500 Index) year to date, the gap narrowed in November after small cap outperformed large cap by 9.3% (as of November 29).
COTW: Here We Go Again
Reminiscent of late 2017-early 2018, risk assets are rallying into year end and bitcoin is leading the charge as it nears its December 17, 2017 high of $19,041.
COTW: Gridlock vs. Sweep
Heading into the 2020 election, the most probable outcome according to betting markets…
COTW: International Investors Crowd into U.S. Stocks
Last month, the U.S. Treasury Department released its Treasury International Capital (TIC) data for August which showed…
COTW: Single-Family Housing Starts Hit a 13-Year High
Last week, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development…
COTW: Smaller Companies Continue to Lag Market Recovery
Last week, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development…
September 2020 Cartoon: Caught in the Middle
September 2020 Cartoon: Caught in the Middle
COTW: Labor Market Recovery is Slowing
On Friday, the Bureau of Labor Statistics released the September jobs report…
3Q, 2020 Asset Class Return Quilts
Gold and Taxable Bonds remained the best performing asset classes year to date. U.S. Large Cap Stocks continued to rally from the March 23 bear market lows, while U.S. Small Cap stocks lagged.
COTW: Inflation and the Stock Market
Recent guidance from the Fed suggesting they will tolerate higher inflation begs the question…
August 2020 Cartoon: Election Connection
August 2020 Cartoon: Election Connection
COTW: Fed Policy and the Cost of Living
Last week’s Jackson Hole speech by Powell may have crystallized a regime change for Fed policy…
2Q, 2020 Asset Class Return Quilts
Gold and Taxable bonds remained on top, adding to their Q1 performance. U.S. Large Cap Stocks rallied 17.4% in Q2, narrowing the year-to-date loss to 2.8%.
June 2020 Cartoon: Heroes
June 2020 Cartoon: Heroes
May 2020 Cartoon: The Reopening
May 2020 Cartoon: The Reopening
COTW: U.S. Government Response to COVID-19 in Perspective
The coronavirus has pushed the global economy to the brink of a recession more severe than the 2008 financial crisis.
1Q, 2020 Asset Class Return Quilts
Gold, Taxable Bonds, and Cash finished the quarter on top and were the only asset class to post positive gains. U.S. Large Cap Stocks fell 20.2% in Q1, 2020.
March 2020 Cartoon: The Storm
March 2020 Cartoon: The Storm
COTW: The Fed’s Response to the Covid-19 Crisis
In response to the COVID 19 crisis, the U.S. Federal Reserve has restarted several emergency programs first implemented during the Global Financial Crisis.
COTW: Venture Capital Washout
According to data from Bloomberg, Venture Capital activity is down 22% since the start of the year. However, that activity had already slowed dramatically prior to the COVID-19 crisis intensifying as the index reached an all time high in June of 2019 and is now d own 52%
COTW: Oil Price War in the Midst of a Demand Shock
Saudi Arabia announced plans to cut its oil prices over the weekend sending oil futures down 20% to a four-year low. The announcement came after talks between OPEC and Russia failed…
COTW: Travel to Hong Kong Has Come to a Halt
As official estimates of the number of new coronavirus cases each day slows, hopeful eyes are watching for improvement in the news coming out of Mainland China as well as those countries most impacted by restrictions on travel and trade related to the virus…
December 2019 Cartoon: Monster Market
December 2019 Cartoon: Monster Market
September 2019 Cartoon: The Gloves Are Off
September 2019 Cartoon: The Gloves Are Off
June 2019 Cartoon: Promising The Moon
June 2019 Cartoon: Promising The Moon
March 2019 Cartoon: Extra Innings
March 2019 Cartoon: Extra Innings
December 2018 Cartoon: Ghosts of Feds Past
December 2018 Cartoon: The Ghosts of Feds Past
September 2018 Cartoon: The Sugar High Express
September 2018 Cartoon: The Sugar High Express
June 2018 Cartoon: Painted Into A Corner
June 2018 Cartoon: Painted Into A Corner
March 2018 Cartoon: Who’s Driving?
March 2018 Cartoon: Who’s Driving?
WindRock Roundtable: What’s Next in 2018?
In December we participated in a roundtable discussion with Rick Rule, John Mauldin and Chris Casey that was hosted by Brett Rentmeester of WindRock Wealth Management. With WindRock’s permission we are sharing the conversation in its entirety. The topics covered included the dollar, emerging markets, Treasury supply, North Korea and cryptocurrencies. We think many of the comments are as relevant today as they were several weeks ago.
Market Note: Doyle Brunson and the Orange Swan
High stock valuations and low bond yields have dealt investors a risky hand – a 10-2 offsuit in poker parlance – but not necessarily a losing one…
