Weekly Market Commentary – October 17, 2017

Weekly Market Commentary – October 17, 2017

There’s a new kid in town: narrative economics. Last week, Richard Thaler was awarded the Nobel Prize in economics. His work in behavioral economics and finance recognizes not all economic and financial decisions are made after rational reflection. In Nudge, he wrote:...
Weekly Market Commentary – October 10, 2017

Weekly Market Commentary – October 10, 2017

Slow and steady… It has been 332 days since the Standard & Poor’s 500 (S&P 500) Index experienced a 5 percent drop, reported Barron’s. If there isn’t a selloff on Monday or Tuesday, this will become the longest rally without such a drop. During this...
Weekly Market Commentary – October 3, 2017

Weekly Market Commentary – October 3, 2017

A lot happened during the third quarter of 2017, but not much changed. The bull market in U.S. stocks continued to charge ahead. Traditional measures of valuation continued to suggest the market is overvalued, but some analysts argued it’s different this time. The...
Weekly Market Commentary – September 26, 2017

Weekly Market Commentary – September 26, 2017

Geopolitics, what is it good for? Absolutely nothin’! In January, Robert Kahn of the Council on Foreign Relations wrote in Global Economics Monthly: “Markets showed impressive resilience in the face of a range of geopolitical shocks in 2016, but recent market...
Weekly Market Commentary – September 19, 2017

Weekly Market Commentary – September 19, 2017

“In theory, there is no difference between theory and practice, in practice there is.” Yogi Berra was talking about baseball, but the concept also applies to diversification, according to the GMO White Paper, The S&P 500: Just Say No. From the title, you might...
Weekly Market Commentary – September 12, 2017

Weekly Market Commentary – September 12, 2017

Last week, the aftermath of Hurricane Harvey and potency of Hurricane Irma dominated hearts and minds, but there were some diversions and some welcome news, too. The NFL kicked off its 2017 season with the Chiefs’ win over the Patriots. The men’s U.S. soccer team tied...