Tag: breadth

However, keep in mind the stock market does best when it goes from “bad” to “less bad.” We are certainly not out of the woods yet.

At the heart of this, it’s a medical issue, not an economic issue. The virus will determine the pace and the path of economic recovery.

Maybe an average-ish return, to you, is like getting gym socks in your stocking. But it’s better than losing your shirt.

Our shift from growth to value throughout last year has been small in magnitude and snail-slow. We didn’t want to get too defensive and lose out on the upside, and value stocks allow for the possibility of participating on the upside.

Only three U.S. presidents have faced impeachment proceedings. It makes it hard for me to use impeachment threats or proceedings as a tool to determine where U.S. stocks will go.

Without changes, the Social Security Administration projects that its trust fund will be insolvent by 2035.

The chairman appeared to be sending a message to the White House that its trade war is pushing the U.S. toward a recession, and that the Fed may not have the tools to bail us out if that happens.

Dalton -- My bride, Stacey, and I spent last week in Lake George, New York. It’s become an annual pilgrimage of ours, which came...

After this week’s meeting, the real conversation begins: Will there be a Fed cut in July? In September?

The average daily volume for high yield bonds has fallen 18 percent from two years ago, and the average daily holdings have dropped 80 percent from five years ago.

Recency bias is the tendency to think that what’s been happening recently will keep happening. It’s one of a group of behavioral finance biases that cloud the judgement of investors.

Still, for many investors, significant concerns remain. Some fear that the advance has been nothing more than a rally in a bear market and the Christmas Eve lows will be revisited. Others fear that stock prices have gone “too far, too fast” and now the market is vulnerable to familiar headwinds such as trade talks, slowing earnings growth rates, a government shutdown, or any other of the recent favorites.

The concept shared at Davos is similar to what we’ve been preaching: Local businesses need to embrace the new technologies to not only offer the services that their clients want, but also to use these technologies on the operations side, making their companies more efficient.

Waterfall declines are typically not the final low; the Dec. 24 low might need to be retested—might. We’ll watch the breadth over the next few weeks to assess if the rally is sustainable or if portfolios need to get more conservative to defend against a retest.

Dalton -- On Dec. 19, I wrote Berkshire Money Management’s “2019 Outlook,” detailing why we are positioned the way we are now for the future....