Archives for July, 2015

  1. July 27, 2015

      This week we finally witnessed the equity markets owning up to a well known reality; earnings matter! We've been warning for several months that second quarter earnings for the broad market (S&P 500) were expected to decline. As of June 30, according to FactSet,… More >>

  2. July 20, 2015

      Spain just celebrated their Festival of San Fermin with the traditional Running of the Bulls. The single mindedness of a bull and the tremendous force with which a bull can charge, is quite a thing to witness up close. Once a bull is charging full steam ahead, getting… More >>

  3. July 13, 2015

    Each quarter we prepare our near term Look Ahead. Our goal is to attempt to frame the macro-economic and asset allocation issues we face when trying to invest wisely. Below is a link to a video version of our Look Ahead for your review. Q3 2015 Look Ahead If you prefer… More >>

  4. July 6, 2015

    Cross Over Period The end of Q2 was anything but a sleeper for US and Global equities. You can see from the table below the results were a yawner for US Equites but the volatility was far from it.   Comparison of Q2 Index Price Change vs. Volatility (i)(ii)   The… More >>