Category Archives: Investment Management

October 16

Stock Market Crash October 1929, October 1987, October 20??

By David Nelson, CFA With the 30th anniversary of the 1987 stock market crash just around the corner, Thursday to be exact, it will be hard to not reflect on a day that saw the DOW fall a staggering 22.6% in a single session. Many of us weren’t even trading the market in 87. As […]

October 09

Two Things Driving Markets to All-Time Highs

By David Nelson, CFA For most of the last 18 months it’s paid to be tilted toward the reflation trade with overweights’ in financials, tech and industrials. As tax reform made its way back into the news cycle yields started to return to the upper end of the trading range and despite a legislative goose […]

October 02

What if Tax Reform Doesn’t Pass?

By David Nelson, CFA Markets are beginning to price in the potential for tax reform and in particular some level of repatriation of corporate cash held offshore. Therein lies the opportunity and of course the danger. Stocks are discounting system and in today’s machine trading, fast paced algo driven markets, stocks will likely hit targets […]

September 25

Fed Trek – The Great Unwind

By David Nelson, CFA [These are the voyages of the Federal Reserve. Its five-year mission: to unwind a massive balance sheet, to seek out inflation and low unemployment, to boldly go where no man has gone before.] There was no shortage of news last week as the S&P 500 closed at another all-time high. Kim […]

September 18

Let the Good Times Roll?

By David Nelson, CFA After a hiccup in August markets have fought off every challenge. From nukes to hurricanes investors have stepped in pushing benchmarks to all-time highs. Given year to date performance throughout the world, geosynchronous growth is an understatement. With the exception of Canada, nearly every market in the world is up in […]

September 11

Clear Skies or Eye of the Storm

Irma – Eye of the Storm By David Nelson, CFA Investors have been forced to accept sloppy performance from U.S. equities over the last few weeks. While positive on a trailing 1 month basis rallies have given way to quick pullbacks as momentum fades. We’ve had no shortage of bad news as investors cope with […]

September 04

North Korea – Bottom line, we screwed up!

By David Nelson, CFA Bottom line we screwed up. Every President since Reagan bears responsibility for North Korea. Each passed it on to their successor and now President Trump is clearly facing a series of decisions that will likely define his presidency. The administration has repeatedly said all options are on the table. It’s pretty […]

August 30

Canada – The Enemy Next Door

By David Nelson, CFA Twenty three years after President Clinton signed NAFTA the United States meets once again with our closest neighbors, Canada and Mexico. The administration looks to renegotiate a treaty that many Americans feel didn’t live up to the spirt and promise of the original document. Lost jobs and a widening trade deficit […]

August 13

Something more frightening to investors than North Korea

By David Nelson, CFA On the heels of an excellent earnings season strategists from Merrill Lynch to Goldman are discussing the disappointing price performance of stocks that beat expectations. A sell the news mentality has been the driving force as traders and algo driven machines exited positions stepping aside hoping for a better entry point. […]

August 06

Zuckerberg for President

By David Nelson, CFA Mark Zuckerberg wants your vote! After hiring democratic pollsters and a travel schedule that could take him to all 50 states, speculation mounts that Facebook’s founder and CEO is looking to join the ranks of Presidential hopefuls in 2020. That creates an interesting dilemma for the $70 Billion man. He’ll be […]