Portfolio Update 8/25/20

“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality distorted by a misconception.” – George Soros  I’ve never felt so lost investing these last few weeks. I’ve questioned my skill and I’ve questioned the viability of discretionary, active management as a personal career path. I’ve questioned […]

Market Update

On this Day in History: August 21st, 2001, Nickelback releases their single, “How You Remind Me.” It became the Billboard Song of the year in 2002. Things haven’t been the same since. News of the Day:   U.S. Existing-Home Sales Surge by Most on Record – https://www.bloomberg.com/news/articles/2020-08-21/u-s-sales-of-previously-owned-homes-surge-by-most-on-record?srnd=economics-vp U.S. business activity surges to early 2019 levels: […]

Market Update

Happy Friday, the final Friday before the rest of our lives.   The EKG Recovery? Economic Data Today: News of the Day: U.S. retail sales miss expectations in July, may slow further in months ahead – https://www.reuters.com/article/us-usa-economy/u-s-retail-sales-miss-expectations-in-july-may-slow-further-in-months-ahead-idUSKCN25A1OJ U.S. Industrial Production Increased in July for a Third Month – https://www.bloomberg.com/news/articles/2020-08-14/u-s-industrial-production-increased-in-july-for-a-third-month?srnd=markets-vp Remote Work Is Reshaping San Francisco, […]

Market Update

It’s the final day of July. Congratulations! Economic Data Today: News of the Day: U.S. consumer spending rises for second straight month, income drops further – https://www.reuters.com/article/us-usa-economy/u-s-consumer-spending-rises-for-second-straight-month-income-drops-further-idUSKCN24W1YW U.S. Dollar Suffers Its Worst Month in a Decade – https://www.bloomberg.com/news/articles/2020-07-31/world-currencies-revel-in-cruelest-month-for-dollar-since-2010?srnd=premium A Cloud Surge Lifts Amazon, Microsoft and Google’s Earnings – https://www.wsj.com/articles/big-businesses-multiyear-bets-fuel-cloud-growth-11596196893?mod=business_lead_pos5 Big Oil Companies Lose Billions, Prepare […]

Market Update

Happy Friday the 24th of July. News of the Day: U.S. new home sales beat expectations in June – https://www.reuters.com/article/us-usa-economy-housing/u-s-new-home-sales-beat-expectations-in-june-idUSKCN24P1T0 China Orders U.S. to Close Chengdu Consulate in Retaliation – https://www.bloomberg.com/news/articles/2020-07-24/china-asks-u-s-to-close-consulate-in-chengdu-city?srnd=premium Coronavirus cases in India near 1.3 million: Live updates – https://www.aljazeera.com/news/2020/07/trump-cancels-florida-convention-coronavirus-cases-spike-live-200723235641667.html McConnell’s Stimulus Waiting Game Turns Into Race Against Clock- https://www.bloomberg.com/news/articles/2020-07-24/mcconnell-s-stimulus-waiting-game-turns-into-race-against-clock?srnd=premium Other News & […]

Market Update

The Dow fell 6.9% (nice) yesterday, the 27th largest 1-day decline in history. 6 out of the top 50 declines have occurred in 2020. Economic Data Today: News of the Day: Stocks Rally on Dip-Buying After Rout; Bonds Drop: Markets Wrap – https://www.bloomberg.com/news/articles/2020-06-11/asia-stocks-primed-for-losses-after-u-s-slide-markets-wrap UK economy shrinks record 20.4% in April due to lockdown – https://www.bbc.com/news/business-53019360 […]

Market Update

It’s Friday. News of the Day: U.S. Jobs Report Shows Clearest Data Yet on Economic Toll: Live Updates – https://www.nytimes.com/2020/05/08/business/stock-market-coronavirus-jobs-report.html?action=click&module=Spotlight&pgtype=Homepage Coronavirus: WHO warns 190,000 could die in Africa in one year – https://www.bbc.com/news/world-africa-52587408 Americans Are Pumping Gas Again as States Reopen – https://www.wsj.com/articles/as-states-reopen-thirst-for-gasoline-returns-11588935603?mod=hp_lead_pos5 A Dickensian Quarter for American Companies – https://www.wsj.com/articles/a-dickensian-quarter-for-american-companies-11588950091 J.C. Penney to file […]

Market Update

News of the Day: Coronavirus sinks U.S. retail sales again in April – https://www.reuters.com/article/us-usa-economy/coronavirus-sinks-u-s-retail-sales-again-in-april-idUSKBN22R0GJ U.S. Stocks Drop on Trade Concerns – https://www.wsj.com/articles/global-stock-markets-dow-update-05-15-2020-11589515354 Caught in Trump-China feud, WHO’s leader is under siege – https://www.reuters.com/investigates/special-report/health-coronavirus-who-tedros/ Other News & Blogs: AQR Blog – Is (Systematic) Value Investing Dead? – https://www.aqr.com/Insights/Perspectives/Is-Systematic-Value-Investing-Dead A Wealth of Common Sense Blog – Does […]

Can We All Be Right? 

The novel coronavirus brought on stock market conditions I didn’t think I’d get to see. Along with violent markets came violent emotional responses.  After closing at 3,386.15 on February 19th 2020, the S&P 500 (GSPC) dropped 35% and hit a low of 2,191.86 on February 23rd, 2020.  Since then, the S&P 500 has rallied 35%, […]

Market Update

News of the Day: U.S. construction spending unexpectedly rises in March – https://www.reuters.com/article/usa-economy-construction/u-s-construction-spending-unexpectedly-rises-in-march-idUSL1N2CI2RG U.S. Stock Futures Drop Amid Warnings from Apple & Amazon – https://www.bloomberg.com/news/articles/2020-04-30/futures-drop-amid-earnings-caution-dollar-slips-markets-wrap?srnd=premium Maker of coronavirus trial drug aims for wide distribution: Gilead CEO – https://www.reuters.com/article/us-health-coronavirus-gilead-sciences/maker-of-coronavirus-trial-drug-aims-for-wide-distribution-gilead-ceo-idUSKBN22D5D1 Pentagon releases three UFO videos taken by US navy pilots – https://www.theguardian.com/world/2020/apr/27/pentagon-releases-three-ufo-videos-taken-by-us-navy-pilots Other News, Blogs & Podcast […]