Commentary

It’s Tango Time…

It's Tango Time

As the VIX flirts with single digits, the S&P 500 has been flopping around like a live fish on deck. But for U.S. investors in foreign equities, the music continues to play as cheaper valuations overseas and a weaker U.S. dollar pushed fund flows into other geographies. As you might have guessed, Argentina has led the way with a 40% gain for ... [read more]

Repositioning…

Repositioning

While the world's superpowers reposition their military strength toward the borders of North Korea, the financial markets look to be following closely in their wake and reordering their asset weighting toward one of less risk. North Korea, Syria and Russia remain major diplomatic question marks for the U.S. State Department right now. We will see ... [read more]

3 Tips for a Successful Distressed Energy Investment

3 Tips for a Successful Distressed Energy Investment

There is a tide in the affairs of men. Which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life Is bound in shallows and in miseries. On such a full sea are we now afloat, And we must take the current when it serves, Or lose our ventures.Julius Caesar Act 4, scene 3, 218–224Being a contrarian means you ... [read more]

March Madness

March Madness

How is your bracket doing? Before the ACA Repeal and Replace plan hit the court last week, it already looked like its odds of passage were longer than Mount St. Mary's chance to win the Men's NCAA Basketball Tournament on April 3rd. We all know that this is just the first pass in a long negotiation, however, you had to think that the odds were ... [read more]

How Geopolitical Forces Influence Markets

How Geopolitical Forces Influence Markets

In our post-Cold War world, geopolitical developments have become larger and more frequent—and because these developments affect market and currency prices, investors need to navigate them.Those of you who follow my commentary know that I often speak of fundamental value as the tide that inexorably pulls prices toward it over longer-term time ... [read more]

One Audacious Move that Set Me Up for Success

sydney australia

It was the biggest career risk I had EVER taken!2004I was convinced we had entered the Chinese Century and a Resource Boom of note was about to ensue … I took a MAD plunge.I moved my young family across the world to --->Sydney, Australia…In what seems all but farcical now, I would sit in coffee shops around the city with a ... [read more]

Center Stage…

Center Stage

While politics and the new government's agenda is still very much in the news, investor interest last week shifted to the bigger picture. Good economic data continues to hit the tape along with better-than-expected corporate earnings growth and outlooks. Rising inflation and interest rate expectations are pulling the Fed's hand closer to the red ... [read more]

A Different Way to Look at Dividend Paying Stocks

Dividend Paying Stocks

Wall Street is full of worn-out phrases.  One of them is “dividend-paying” stocks.  Yes, some stocks pay dividends and others do not.  But it seems as if fund companies and money managers think that dividend-paying stocks is what investors want in retirement and approaching retirement.  These Wall Streeters are falling short of what the real goal ... [read more]

Which Way To Go?

which way to go

The equity market's rate of divergence shifted into a higher gear last week as rising interest rates, the changing winds in Washington and a swift agreement at OPEC caused hundreds of billions of dollars to find new homes. Where you place your chips now may not only impact your year-end bonus, but could also determine whether or not you win or lose ... [read more]

Wait Until You See Your…

Wait Until You See Your

There will be surprises on both sides of the return spectrum—as equity and alternative assets will post solid gains, while bonds will get punched. And, any lean toward active management should put a smile on your face, as those managers who moved quickly into riskier, U.S.-focused assets had an even better month. While stocks will have put a big ... [read more]