The Money Runner
2016 – The Point of No Return
By David Nelson, CFA As the soldiers of Wall Street return from a 3 day leave I find myself reflecting on the 6 month journey to the halfway point of 2016. Out of the gate we dove to the February 1810 S&P 500 (SPX) low followed by a quick move back to the highs only to […]
Independence Day
I’m sure when the United States declared its independence there were many saying it would be an economic disaster. Click here for full Yahoo article and video.
Brexit & the Black Swan
By David Nelson, CFA The biggest concern surrounding Brexit and the threat of Britain leaving the EU is that it’s an unknown forcing investors to prepare for the worst. Some put on hedges and others raise cash or delay purchases waiting for the skies to clear. Since the end of the financial crisis investors have been […]
The Wall of Worry Just Got Higher: Here’s Why
By David Nelson, CFA The Wall of Worry pushed a little higher Friday as traders cut exposure on the heels of weak markets in Europe. The coming Brexit vote now being dubbed “too close to call” sits at the top of investor concerns not to mention this week’s Fed meeting. The rhetoric is getting louder […]
The Fed Needs to Speak with 1 Voice or Not at All
By David Nelson, CFA 38,000 – That’s all we got in the way of jobs in May leaving bulls scratching their head and bears looking for the next shoe to drop. In addition to creating a roller coaster day for traders, Friday’s weak employment report set off the usual round of conflicting statements from Fed […]
The Pain Trade is Up
By David Nelson, CFA The Pain Trade – Definition by Investopedia The tendency of markets to deliver the maximum amount of punishment to the most investors from time to time. A pain trade occurs when a popular asset class or widely followed investing strategy takes an unexpected turn that catches most investors flat-footed. Background It’s […]
S&P 500 won’t break out until earnings do – 3 things that could make it happen
By David Nelson, CFA US markets have frustrated both bulls & bears over the last year with the index unable to break out and sustain a path in either direction. However, the chart below confirms the problem started somewhat sooner, half way through 2014. The blended 12 month forward earnings of the S&P 500 (SPY) […]
5 Stages of Market Grief – 2016
David Nelson, CFA Denial, Anger, Bargaining, Depression & Acceptance – The 5 stages of grief first introduced by Swiss psychiatrist Elisabeth Kugler-Ross in her 1969 book, On Death and Dying are normally associated with a terminal disease. But in the context of finance they are often used to describe investor emotions in the throes of […]
