Category Archives: Investment Management

March 23

Canaries in the Coal Mine

By David Nelson, CFA “The canary in the coal mine is always the first to go.” For more than a century miners carried them in small cages deep into the mine as an early warning detection system for poisonous gas or carbon dioxide. The first sign of distress in the cage sent the men back […]

March 13

Reality Bites! – The End of the Trump Rally?

By David Nelson, CFA U.S. markets struggled last week closing modestly lower after several weeks of gains. Perhaps it was the exhaustion gap higher following the President’s speech or the building reality that there’s a disconnect between investor perception and the actual timeline of administration proposals. The President has said they are committed to a […]

March 06

North Korea Launches 4 Missiles – Investors Put to the Test

By David Nelson, CFA Early Monday morning Asian markets woke up to news that North Korea had launched four ballistic missiles 620 miles off its east coast. With over 28,000 U.S. troops stationed in South Korea tensions are high as officials monitor the North who say they are responding to joint military exercises hosted by […]

March 02

U.S. Market at Record Highs But Trouble is Brewing in Europe

By David Nelson, CFA Right out of the gate stocks marched higher this month picking up where January left off. The broadcast and print media both point to the animal spirits unleashed following the election and to be fair some of the rhetoric is true. However, when you dig deep that’s not the entire story. […]

February 27

Why are utilities making a comeback?

By David Nelson, CFA In a recent note Goldman (GS) Strategist David Kostin points out that; “Fund managers are currently caught between a long list of risks and a market climbing steadily to new record levels.” It’s early in the year but the cost of being under invested or even worse short, already is producing casualties. U.S. markets had […]

February 19

I’m getting worried because I’m running out of things to worry about

By David Nelson, CFA “Markets climb a wall of worry.” It’s a phrase used to describe market rallies in the face of rising investor concern. Wall Street and the media have hundreds of these phrases to put into a few words complex interrelationships that ask the near impossible of investors. Make a binary decision based […]

January 31

Trumped Up Market

By David Nelson, CFA Equity markets are in the short run a barometer of investor perception and emotion. Over the long term they are a discounting mechanism for growth and future earnings. There’s an old saying that markets hate uncertainty. The reality, is that it’s investors that hate it and often react emotionally to every […]

January 30

Amazon wants to rule the world

How can anyone compete. Jeff Bezos has convinced the investment community that they don’t need earnings as long as they can keep growing. An enormous advantage over just about any company on the planet with the ability to plow back earnings into R&D and CAPEX. David joins the Yahoo team to discuss Amazon’s move into […]

January 17

U.S. Investors Need to Watch Europe

By David Nelson, CFA We’re coming into the heart of earnings season so now we get down to the blocking and tackling of market behavior. 10% of the S&P 500 (SPY) reports this week but the bulk comes in the last 2 weeks of the month. The 3 Musketeers of Banking JP Morgan (JPM) Wells […]

January 09

Where are the bears?

By David Nelson, CFA The battle between Bulls & Bears was raging long before the Buttonwood Agreement was signed by 24 brokers in 1792 looking to establish a commission rate to charge clients. Some consider the event the early beginnings of the New York Stock Exchange. Most investors know the long term prevailing trend for […]