Category Archives: Investment Management

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 […]

March 30

Toto, I don’t think we’re in Kansas anymore

By David Nelson, CFA CMT After having a weekend to reflect on the previous two week’s trading I wanted to share a few thoughts as we head into the coming week. The panic selling we’ve seen in March was met last week by equally violent panic buying. Average daily price moves for the month averaged […]

March 16

The Fed goes all in

By David Nelson, CFA CMT At 5PM EST Sunday, in response to the spread of the Coronavirus the Federal Reserve announced they were cutting the Fed Funds rate to 0.00% – 0.25%. To keep financial conditions from tightening the Fed cut 100 basis points. After the worst week for markets since the Financial Crisis the […]

February 24

Investors brace for a correction

By David Nelson, CFA CMT Monday looks to open the same way Friday closed, only worse. Fear, confusion combined with valuations in the upper quadrant create a toxic cocktail. Its true stocks don’t live in a vacuum and compared to U.S. treasuries are the better asset class. However, fear authorities are losing their grip on […]

February 03

Coronavirus and the Black Swan

By David Nelson, CFA CMT The coronavirus has its first kill outside of China. The victim who traveled from Wuhan China the center of the deadly outbreak, was hospitalized last week in the Philippines and died after a sudden turn for the worse this weekend. As the number of patients infected by the coronavirus mounts, countries […]

January 26

Coronavirus – The Stand

By David Nelson, CFA CMT Iran, Boeing, impeachment and now a virus out of China all challenging investor sentiment less than a month into the new year. The latest news coming from China is reminiscent of the Stephen King’s masterpiece The Stand which described a dystopian world nearly wiped out by a super flu. At […]

January 13

DOW 40,000!

By David Nelson, CFA CMT Less than two weeks into 2020 investors have shrugged off the killing of Iranian Quds force commander Soleimani, a rocket attack on a U.S. installation, the accidental downing of a Boeing 737 in Iranian airspace not to mention a major news service saying the risk of nuclear war is growing. […]

January 02

Market MVP Award goes to…

By David Nelson, CFA CMT There’s no other way to put it. 2019 was an extraordinary year some even calling it the GOAT. Sentiment heading into 2020 is a near polar opposite from this time last year. We kicked off 2019 adding to a Christmas eve rally but the sentiment was anything but jubilant. Coming on […]

December 09

Recession Obsession

3 Stocks to Recession Proof Your Portfolio – Motley Fool Gazing into the Recession Crystal Ball – Reuters Goldman says private equity clients see a recession – Business Insider The Next Recession May Come by Stealth – Forbes By David Nelson, CFA The headlines above were just what you’d expect last December when stocks were […]

November 25

STOP THE PRESSES!

By David Nelson, CFA CMT Maybe it’s the fact that former New York City Mayor Mike Bloomberg announced he was joining a crowded Democratic field to run for President. It could be the media is more focused on the Patriots Cowboy Sunday match up or the monster ticket sales for Disney’s long awaited Frozen II. Nevertheless, […]