Portfolio Strategy Review Q3 2022

Overview The primary financial headline is the same: Inflation is over 8.0%; Interest rates are still rising. With a lot of political and economic drama beneath the surface. In the time honored tradition, the party in power takes more credit or gets more blame for the...

Portfolio Strategy Review Q2 2022

The second quarter continued the negative trends that we saw in the first quarter. Interest rates and inflation increased, though there has been recent price relief in the housing, energy, and other commodity markets. The labor market remains strong with unemployment...

The Energy Debate: Green vs Greener

My last conference summary to you was about rising prices. Energy costs contribute to the price of most everything. Whether its vacation travel, transportation of goods or raw materials, food, heating or cooling, or just staying plugged in! Therefore, the debate (or...

Portfolio Strategy Review Q1 2022

"I need ammunition. Not a ride."  History Lessons from War, Appeasement, and Markets It’s useful to compare the events in Ukraine against history because we all have a stake in the outcome. In 1938, Hitler annexed Austria; and demanded a portion of Czechoslovakia that...

The January Effect

According to the zany theory called the January Effect, they are supposed to go up.  January was rough across most markets. The doomsayers, armed with historical data, were out in full force predicting the “mother of all bear markets” is just around the corner. And...

Portfolio Strategy Review 2021

Between the pandemic that won’t go away and the politics of the day, US stock markets shrugged it off and delivered extraordinary returns in 2021. At least we are closer to the end of the pandemic. The politics I’m not so sure about. Economic growth forecasts for 2022...

Proposed Tax and Planning Updates

I spent 2 days last week at a continuing education conference with Ed Slott & Company. This is my third year in the program. Slott has been a thought leader in retirement and distribution planning for over thirty years. My Master Elite membership gives me full...

Portfolio Strategy Review Q3 2021

"I hope I never recover from this."  William Shatner on his journey into space at age 90  Reflation, inflation, or deflation….that was so last quarter. This quarter “stagflation” also began to gain attention. Stagflation evokes fear of the 1970’s when inflation was...