The interest rate pendulum

When interest rates get whipsawed the way they have in the last couple of weeks, we believe some explanation is necessary. First and foremost, we don’t believe it is one particular issue but instead, a lot of balls in the air at the same time that are creating uncertainty. China,…

Sectors making a splash this summer

Summer is an interesting season for the stock market because we often see individuals putting their portfolio on the back-burner, opting to instead dedicate their focus on vacation, or spending time with family and friends. When it comes to the market, the number of participants determines how accurate prices are.…

The stock market sees its shadow

Commentators often call a decline in stock prices after a sustained rise a “correction,” as if the previous rise was somehow an error. Normally, we refrain from such nomenclature, because no one knows what drives share prices in the short run. But in the case of recent declines in U.S.…