Category Archives: Investment Management

July 21

Wall of Worry is 21 Miles Wide

By David Nelson, CFA CMT With tensions rising in the Middle East investors are increasingly focused on a waterway only 21 nautical miles wide halfway around the world. The Strait of Hormuz sits strategically between the Gulf of Oman and the Persian Gulf where most estimates point to 1/3 of the world’s sea-borne oil passing […]

July 15

Earnings, we don’t need no stinking earnings

By David Nelson, CFA CMT Stocks ended the week at another all-time high in front of an earnings season that even bulls concede will be challenged. The current script pits analysts who continue to cut numbers with traders and investors chanting, “earnings, we don’t need no stinking earnings.”  Of course, most companies will report headline […]

July 01

Where’s the Beef?

By David Nelson, CFA CMT June was a monster month on the heels of a disappointing May that drove many investors to the sidelines including a few Wall Street legends. Hedge Fund star Stanley Druckenmiller announced he had dumped most of his exposure to stocks shortly after a May 5th tweet from President Trump, raising […]

June 17

600 CEOs Demand End to the Trade War

By David Nelson, CFA CMT Hostage to a news cycle that never ends, investors are forced to digest an endless wave of geo-political events unfolding on nearly every corner of the planet. From an attack in the Gulf of Oman  to the riots in Hong Kong, every story seems to add another brick to the […]

June 10

‘It’s deja vu all over again’

By David Nelson, CFA CMT In the immortal words of Yankee great Yogi Berra; ‘it’s deja vu all over again.’ Once again bad news is good news as traders jumped all over Friday’s weak employment report, firm in the belief that the Fed will respond with its first rate cut since the depths of the […]

May 20

Casualties of War

By David Nelson, CFA CMT With the DOW (DJI) 800 points off the highs along with a news cycle that feeds both bulls and bears, I think it’s safe to say the equity backdrop is confused at best. It’s difficult for strategists to suggest full steam ahead with alarm bells going off everywhere even though […]

April 22

Healthcare is hard but it’s even harder when you’re stupid – The Friends of Eddie Coyle

By David Nelson, CFA CMT While stocks put in an unremarkable performance last week, beneath the surface casualties were mounting on the heels of Presidential hopeful Bernie Sander’s town hall on Fox, where he drove home his message of Medicare for All. Each of us come at this from a different political perspective. Certainly in […]

April 14

Round up the usual market suspects

By David Nelson, CFA CMT Captain Renault – “Round up the usual suspects.” – Casablanca The usual market suspects continue to weigh on investor sentiment. Trade talks, slowing global growth, a paralyzed Washington along with an earning’s season most analysts believe will deliver a down year on year bottom-line, has forced many investors to the […]

March 25

Manic Depression – Bipolar Markets

Manic Depression is touching my soul I know what I want but I just don’t know… Jimi Hendrix By David Nelson, CFA, CMT On the heels of the most dovish FOMC press conference in recent memory investors seem to be suffering from “manic depression” or some other severe bipolar disorder. In the 15 hours following […]

March 18

ATLAS WILL SHRUG – The Fed can’t hold up stocks forever

By David Nelson, CFA, CMT Stocks have made a dramatic recovery since the Christmas Eve low. The recent price action pushing shares up  close to 20% begs the question; is there enough fuel to extend the rally? Friday’s volume was well above normal and last week’s strong performance led by Technology comes on the heels […]