The Money Runner
I’ve good news & bad news for investors – Which do you want first?
By David Nelson, CFA I’ve got some good news and bad news. The good news is: stocks, bonds and gold exhibited high positive correlation last week all moving higher giving most investors something to cheer about after a rough start to the month. The bad news is: stocks, bonds and gold exhibited high positive correlation […]
Fed Transparency – Clear as Mud
By David Nelson, CFA Even the press are starting to refer to the Fed’s annual trek to Jackson Hole as little more than a circus. (Barron’s: Fed’s Jackson Hole Circus) I said in last week’s post the commentary will be about as clear as mud followed by a parade of Fed officials each expressing their […]
It’s too late for the Fed to raise rates: Here’s why
By David Nelson, CFA The dangers of keeping rates abnormally low for too long have been well documented by economists, strategists and portfolio managers from the buy side to the sell side including commentary from yours truly. IMHO the Fed missed their window as far back as late 2013 when they could have hiked into […]
What’s Driving the Market?
By David Nelson, CFA In the face of so-so data and an economic pulse that looks more like an EKG going into cardiac arrest investors want to know “What’s driving the market?” The earnings season is drawing to a close and as Goldman points out in a recent note one consistent theme seems to ring […]
Consumer Staples, Utilities & Bonds – Is it Safe?
By David Nelson, CFA U.S. Stocks have paid off handsomely over the last 5 years but it’s been the perceived safe haven trade that has captured the hearts and minds of investors. Utilities (XLU), Telecoms (XTL), Consumer Staples (XLP), Treasuries (TLT) and all manner of fixed income have been the go to investments especially for […]
It’s Still All About Oil
The Top Strategists are tripping over themselves to call the top in the market on the heels of Jeff Gundlach’s call to sell everything. To be fair there are a lot of red flags but it isn’t all doom and gloom either. The biggest challenge is the election cycle. We haven’t been here before. Two […]
Is the VIX flashing Warning or All Clear?
By David Nelson, CFA Geopolitical turmoil has had little effect this year as traders have used any sell off to increase market exposure. The good news is the market seems to be able to push higher and sustain altitude even while in overbought territory. The bad news is complacency is high with the (VIX) SPX Options […]
Crisis in Turkey – What you need to know
The sound of gunfire followed by tanks rolling into position is rarely good news for equity investors. Click here for full Yahoo story
