Commentary

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]

If They Build It…

If they build it

The U.S. economy continues to fire higher as evidenced by last week's strong list of economic data. Throw on top of the potential for a trillion dollars of infrastructure spending, a trillion dollars of cash repatriation from overseas, several hundred billion in corporate and personal income tax savings, and whatever other savings that can be ... [read more]

Secrets to Managing the Bulge

secrets to managing the bulge

My earliest recollection of economic sanctions was in 1984 … during apartheid years.The Anglo-American hegemony imposed economic sanctions on a wealthy South Africa.One effect was to prevent South African Airways from flying over airspace of numerous African countries.Instead SAA would have to fly west out to the Atlantic Ocean and land ... [read more]

A Leap of Faith…

Leap of Faith

In a surprise to every investor, we have been presented with an entire new set of tea leaves to look at. A more predictable, low economic growth set of data has been replaced with a less certain, aggressive set of numbers. Whether you believe that the new scenario will work out doesn't matter to the markets. A Hillary/Gridlock government was so ... [read more]