The Money Runner
Let stock buybacks die
By David Nelson, CFA COVID-19 has done more than bring the world economy to its knees. It’s forcing decisions about life and death beyond that of our neighbors and loved ones. The actions of government and now the Federal Reserve includes a rescue package $Trillions in scope whose current goal is to return the status […]
Market Triage
By David Nelson, CFA CMT In just 23 trading days from February 19th to March 23rd U.S. equity markets declined on average (-39%). To put that perspective the Dot.com bubble took over 600 trading days from March 2000 – October 2002. Even the Financial Crisis of 2008 ending 2009 took over 350 trading days. To […]
Toto, I don’t think we’re in Kansas anymore
By David Nelson, CFA CMT After having a weekend to reflect on the previous two week’s trading I wanted to share a few thoughts as we head into the coming week. The panic selling we’ve seen in March was met last week by equally violent panic buying. Average daily price moves for the month averaged […]
The Fed goes all in
By David Nelson, CFA CMT At 5PM EST Sunday, in response to the spread of the Coronavirus the Federal Reserve announced they were cutting the Fed Funds rate to 0.00% – 0.25%. To keep financial conditions from tightening the Fed cut 100 basis points. After the worst week for markets since the Financial Crisis the […]
Investors brace for a correction
By David Nelson, CFA CMT Monday looks to open the same way Friday closed, only worse. Fear, confusion combined with valuations in the upper quadrant create a toxic cocktail. Its true stocks don’t live in a vacuum and compared to U.S. treasuries are the better asset class. However, fear authorities are losing their grip on […]
Coronavirus and the Black Swan
By David Nelson, CFA CMT The coronavirus has its first kill outside of China. The victim who traveled from Wuhan China the center of the deadly outbreak, was hospitalized last week in the Philippines and died after a sudden turn for the worse this weekend. As the number of patients infected by the coronavirus mounts, countries […]
Coronavirus – The Stand
By David Nelson, CFA CMT Iran, Boeing, impeachment and now a virus out of China all challenging investor sentiment less than a month into the new year. The latest news coming from China is reminiscent of the Stephen King’s masterpiece The Stand which described a dystopian world nearly wiped out by a super flu. At […]
DOW 40,000!
By David Nelson, CFA CMT Less than two weeks into 2020 investors have shrugged off the killing of Iranian Quds force commander Soleimani, a rocket attack on a U.S. installation, the accidental downing of a Boeing 737 in Iranian airspace not to mention a major news service saying the risk of nuclear war is growing. […]
