An excerpt from my article published at SeekingAlpha.com. We just experienced one of the fastest bear market drawdowns in history and the S&P 500 was down -36% from peak to trough. Since then, we've also had a quick bounce of +27%. The whipsaw has everyone guessing if the stock market bottomed in March. Of course, … Continue reading A Hopeless Bottom
MARKET SUMMARY After a strong 2019, global equity markets made an abrupt move to the downside in the past month. Most major stock markets have officially entered into bear market territory and are down between 20% to 30%. Figure 1: Global Equity Markets YTD Price Returns With markets already uneasy about slowing economic conditions, the … Continue reading When Boring is Better
I've been asked several times what will cause the next major bear market, what's the proverbial "next shoe to drop?" In 2018 some thought Bitcoin's collapse would be it and this year some are pointing at passive investing. While I think these issues could exacerbate market swings, that's different from saying they will be the … Continue reading Heavy Shoes for the Holidays
