Commentary

Market Review Q222: Breaking Up is Hard to Do

As investment conditions become more difficult, many investors remain paralyzed, still enthralled by the charms of the Fed's QE program. That relationship no long works for investors so it is time to break up and do something different.

Commentary

Bear Watch

With stocks down around 20% year-to-date, it is important for investors to know what kind of bear they are dealing with.

Commentary

Market review Q122

The market was tough in the first quarter. Find out what it means for long-term investors.

Commentary

Arete Market Review Q421: The Low-Rate Conundrum

Rates have seemed lower than they should be for a long time. With inflation surging higher now, it is critical investors solve this puzzle so they can construct portfolios accordingly

Commentary

Areté market review Q3 21

After solid performance in both July and August, the S&P 500 was considerably weaker in September. It was more than just passing weakness, however. The stock market looked much less the cocksure prize fighter than the contender who took a shot to the jaw that wobbled his knees.

Commentary

Market review Q221

After a devastating selloff last year and a remarkable rebound since, it's as important as ever to have a good mental model of what is driving the market.

Commentary

Areté quarterly review Q121: Incorporating inflation

After a long period of disinflation and trending markets, emerging signs of inflation threaten to upend a lot of investment playbooks.

Commentary

Market Review Q420: The Trouble With Bubbles

The trouble with bubbles is they prey on human weakness. They are also high impact investment events.

Commentary

Market Review Q320: Should I Stay or Should I Go?

Passive investing continues to gain share at the expense of active. In doing so, however, it is also substantially increasing systemic risk.

Commentary

Market Review Q220: Calibrating the Craziness

After an extremely eventful first half of the year, the key to managing through is understanding what has happened and why.

Commentary

Market Review Q1 20: Changing of the Guard

The turbulence in the first quarter was more than just a nasty selloff. It represented a fundamental change in the market landscape that will favor perspective and preparation like never before.

Commentary

Market Review Q419: Some Lessons from Traffic

With markets continuing their upward trajectory, it is easy to assume central banks are in control and things are going well. Some insights from how people interact with their environment in traffic reveal a very different perspective, however.

Commentary

Market Review Q319: The Bursting Bubble of BS

Several rumblings in the quarter raised concerns about an imminent market crash. Another distinctive possibility is that the bubble of "airy promises" and overly optimistic growth expectations is bursting.

Commentary

Market Review Q219: Dollars and Nonsense, Part 1

The story of the first half of 2019 was the Fed reversing its position on raising rates. The gig of short-term fixes is almost up though and now is the time for investors to consider the longer-term implications for monetary policy.

Commentary

Market Review Q119: Opposites Don’t Attract

The increasing presence of opposite extremes makes the investment environment far more uncertain. It also means investors will have to work harder to meet their goals.