Freaky Friday – 3/10/2023

Freaky Friday – 3/10/2023

Today, Silicon Valley Bank went into receivership. Earlier in the week, Silvergate Capital, another bank headquartered in California, moved to wind down their operations in advance of a forced liquidation. A tough week for the banking sector, especially out in Silicon...
Market Commentary 12/27/2022

Market Commentary 12/27/2022

“If Santa Claus should fail to call, bears may come to Broad and Wall.” – Yale Hirsch The term “Santa Claus Rally” was coined by Yale Hirsch, author of the “Stock Trader’s Almanac”, and has been referenced by investors for decades. It is defined as the last five...
Market Commentary 10/03/2022

Market Commentary 10/03/2022

“The anointed don’t like to talk about painful trade-offs. They like to talk about happy ‘solutions’ that get rid of the whole problem – at least in their imagination.” – Thomas Sowell “Trade-offs have been with us ever since the late unpleasantness in the...
Market Commentary – 9/23/2022

Market Commentary – 9/23/2022

“You can observe a lot by just watching.” – Yogi Berra “A nickel ain’t worth a dime anymore.” – Yogi Berra “We made too many wrong mistakes.” – Yogi Berra We find ourselves in the midst of what historically is the worst stretch for stocks on the calendar. While stocks...
Market Commentary 7/01/2022

Market Commentary 7/01/2022

We expect stocks to rally from current levels. It is too soon to tell whether the rally will stick for more than a few percentage points but a meaningful low in stock prices is near. We still see a chance that stocks could put in a new low for the year but the...