Storied debt ceiling games Once upon a time, the U.S. government imposed a limit on how much the country could borrow. A debt ceiling was a prudent idea and a good story, but in reality, that ceiling was breached countless times since its inception. In January of this year, the U.S. broke above the most … Continue reading Playing Dirty with Default
KISSing with Stocks
Uncertainty loves complexity Uncertainty remains high with respect to the economy and the markets. On the one hand, we have a steeply inverted yield curve and a deteriorating housing market. But on the other, we have improving sentiment and a strong jobs market. The truth is nobody really knows what happens next and we can … Continue reading KISSing with Stocks
Q2 2023 Update
OVERVIEW 2023 got off to a blazing start. Global stocks were up more than 7% in Q1. That combined with some better-than-expected economic data has investors hopeful that the tide has turned on the bear market of 2022. However, there was no shortage of volatility during the quarter. And if Q1 was indicative of things … Continue reading Q2 2023 Update
An excerpt from my latest article at seekingalpha.com. After a challenging 2022, global financial markets have gotten off to a strong start in 2023. That has many investors hoping, calling, and fishing for a bottom to the bear market in stocks. Anything is possible in the near term, but whether 2023 marks the start of … Continue reading Bottom Fishing
Q1 2023 Investor Letter
BCM's latest Investor Letter is available to clients at BCM's website https://www.bellwethercm.com/insights. To request site access, please contact BCM.
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