What can skydiving teach us about investing? It teaches about risk and reward, and can give you a perspective on risk that may change the way you think about investing. Continue reading
In the 68 trading days in the U.S. stock market from 11/11/16 to 2/17/17, the Dow Jones Industrial Average (DJIA) set new all-time high records on 26 of those days. In the last seven consecutive days over the same period, the Dow closed at a new record every day. Continue reading
This blog is from the March issue of Portfolio Perspectives.
With many stock market indices at all-time highs, Washington awash in political turmoil and unsettling news around the globe, many investors may be unsure what to do next.
And we believe that is a good thing.
This blog is from the February issue of Portfolio Perspectives.
Since the “great recession,” interest rates have been considered low by historical standards, and it’s not just a recent phenomenon. Real interest rates and inflation have been in decline since the 1980s. While this trend has been a potential boon to borrowers, it’s been a source of irritation to savers and retirees trying to live on the income from their investment portfolios.
As millions of people around the world prepare to watch Super Bowl LI this Sunday, at least some are concerned more about how the outcome may affect their portfolios than the game itself.
Without question the biggest story of the fourth quarter, in fact all of 2016, was the U.S. presidential election. Regardless of your political leaning, it is a fair bet that market performance during and after the election qualifies as what market analysts like to call “an unanticipated event.” In this fourth quarter briefing we will briefly examine how the presidential election seemed to reverse a slight decline of recent highs for the stock market (and also to accelerate declines in the bond market). Then, using events in this most recent quarter as a backdrop, we will take a much broader historical look at whether market reversals are predictable in and of themselves. Continue reading
I well remember when the Dow Jones industrial average reached 10,000 in 1999, as I was working at Dow Jones Indexes at the time. It had been more than 100 years since Charles Dow created his venerable stock “average” and we were approaching a historic milestone. The exuberant 90s were in full swing and the stock market had more than doubled the prior four years. Continue reading