Category: Investments

Spiritus Animalis

“Identified in the 1930s by John Maynard Keynes as an important economic driver, he said an eruption of ‘animal spirits’ could start a virtuous circle of entrepreneurial risk-taking and investment- and further lift equities.”  – Financial Times lexicon When Keynes’ “animal spirits” theory made its first appearance in...

High Anxiety Over High Equity Valuations?

“Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria.” — Sir John Templeton With most major domestic stock market indices rallying sharply post-election, it’s natural for investors to question how long this rally can last – particularly when it occurs near...

Trending Not Timing

Interest rates are finally moving higher.  After leaving rates unchanged from 2008 to 2015, the Fed’s Open Markets Committee (FOMC) has used its December meeting to raise short-term rates for two years in a row.   From a low range of 0% – 0.25%, the Fed funds target now...

Retirement Got You Spooked?

In the spirit of Halloween, I recently spoke with Maryalene Lapoinse, a writer for US News and World Report, about the issues that spook retirees and how to calm their fears. When we first meet with retirees or soon to be retirees they often confide that one of...

The Digital Fiduciary

Technological advancements continue to shape and define the advisory landscape.  We are amidst a digital advice revolution as automated technology platforms – robo-advisers – attract clients and assets, delivering solutions which provide ongoing discretionary investment management and portfolio rebalancing without the aid of a human advisor.  One of...

Don’t Fight the Fed

“The monetary climate – primarily the trend in interest rates and Federal Reserve policy – is the dominant factor in determining the stock market’s major direction.” — Martin Zweig   In his 1986 book, “Winning on Wall Street,” Marty Zweig told us not to fight the Fed. He...