Category Archives: Investment Management

July 02

2nd Half Playbook 2020

David joins CNBC anchor Brian Sullivan to weigh in on the upcoming jobs report.  

June 22

Is the recovery at risk?

By David Nelson, CFA CMT The market rally on the heels of a viral pandemic that brought the world to its knees has baffled some of the brightest financial minds on the planet. It’s true this is a liquidity driven recovery with fiscal and monetary policy pouring $Trillions into the both the economy and markets. However, […]

June 01

Asset Class War – Part II

By David Nelson, CFA CMT The themes behind last week’s article discussing Asset Class Warfare continued to play out with massive shifts taking place in equity markets. Out of the gate last Tuesday Mid-Caps, (MDY), Small Caps (IWM) and Large Cap Value (IVE) exploded higher following the holiday weekend. Large Cap Secular Growth (IVW) had trouble staying green on the […]

May 26

Asset Class War!

By David Nelson, CFA CMT Over the holiday weekend the United States crossed 100,000 fatalities connected to COVID-19. We can and should debate every aspect of the response including actions taken by the federal reserve. What isn’t up for debate is the economic damage and unintended consequences of shutting down the economy. Historians will judge […]

May 18

Failure is not an option!

By David Nelson, CFA At 7:50PM April 13th, 1970 Fight Director Gene Kranz was sitting at his desk in NASA’s Mission Control facility. Five minutes later he was about to receive a radio transmission from the crew of Apollo 13 that would change his life and that of everyone associated with America’s Space program. With […]

May 04

America re-opening is only half the battle

By David Nelson, CFA Markets took a pause last week while at the same time completing one the biggest single month gains in a generation. It would be nice to believe the challenges ahead are few and that 2020 is just a cyclical downturn easily followed by the next leg of a bull market. Unfortunately, […]

April 27

46 Days

By David Nelson, CFA CMT In the early days of the pandemic equity markets reacted to a combination of data, news driven events and of course human emotion. Plummeting at a pace not seen in recent history it took just 23 trading days for stocks to fall from peak to trough. This historic downturn dwarfs the […]

April 20

Two Markets

By David Nelson, CFA Two months into the pandemic and its aftermath, U.S. markets have split in two. On one side we have the designated survivors: cash rich, high quality or essential service companies and on the other side, everything else. Behind the chaotic near historic price moves of the last several weeks stocks were […]

April 12

COVID-19 – Let stock buybacks die

By David Nelson, CFA COVID-19 has done more than bring the world economy to its knees. It’s forcing decisions about life and death beyond that of our neighbors and loved ones. The actions of government and now the Federal Reserve includes a rescue package $Trillions in scope whose current goal is to return the status […]

April 01

Market Triage

By David Nelson, CFA CMT In just 23 trading days from February 19th to March 23rd U.S. equity markets declined on average (-39%). To put that perspective the Dot.com bubble took over 600 trading days from March 2000 – October 2002. Even the Financial Crisis of 2008 ending 2009 took over 350 trading days. To […]