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Last week’s rally appears to have failed and we are now headed back toward recent lows on all the major indices. We discussed several days ago the typical two steps, one step process in both bull and bear markets, and what we are seeing is more of the same two steps down followed by one… Read the full article.
My apologies to all for our commentary being tardy this week. We have had several advisor webinars to present and have been focused on that. Cyclical bull markets typically last longer than bear markets and they are characterized by the old saying of two steps forward and one step back. Another common characteristic is that… Read the full article.
Last week we provided what I believe is some very important information on the basics of risk management and how to view investing from the perspective of managing through corrections and real deal bear markets. We provided an article written by a non-affiliated ETF manager, which I feel does a good job of simplifying what… Read the full article.
As all our advisor partners and clients know, we spend some time each week working to explain investing and the markets in general, as well as what we do at Cabana. The goal is to provide some meaningful information that helps make the process easier and gives insight into what we are trying to accomplish…. Read the full article.
Last week we talked about the equity market trying to find a bottom after the brutal last five months. After a whipsaw that began in the middle of March with a more than 10% move up, the S&P 500 reversed and dropped for eight straight weeks, culminating in a bear-market-defining low of 20% down from January highs. We are… Read the full article.
Equity markets have begun searching for a bottom in hopes that a recession is not on the horizon. The thinking is that the interest rate changes are now priced in and the resulting 20% haircut in the S&P 500 and 30% in the Nasdaq has pulled forward P/E ratios back down to historic norms. This… Read the full article.
Last week, we discussed the ongoing market volatility and reiterated just how difficult this year has been for all types of investors. The unabated price declines this year in traditional “safe assets” like U.S. treasuries and corporate bonds is really breathtaking. The coincident selloff in stocks makes this nothing short of a generationally difficult environment…. Read the full article.
Equity and bond markets continue to swing wildly, with the ultimate outcome thus far this year ending to the downside. I just read that the S&P 500 is experiencing the worst start to an overall negative year since 1962. Add to that a historic bear market in bonds going on at the same time and you have… Read the full article.
I spend a fair portion of time working and talking with my advisor partners about the markets, about Cabana’s methodology, and how we are communicating with clients. As you might suspect, we spend more time discussing these things when markets become difficult, and clients see portfolios drop in value as assets get repriced throughout the… Read the full article.
I’d like to start by apologizing for our lack of commentary last week – especially considering the current market environment. Our team hosted our regular advisor webinar on Monday and traveled to a conference in Las Vegas in the later part of the week with several of our advisor partners to discuss the market and… Read the full article.
Overall, market conditions remain very difficult. We are mired in a storm of runaway inflation and concurrent historic rise in interest rates, a simultaneous selloff in stocks and bonds, geopolitical uncertainty putting additional upward pressure on interest rates and downward pressure on global growth, and finally a rapid transition from extraordinarily accommodative monetary policy to… Read the full article.
The inflation and interest rate story remains front and center on the minds of investors. The big question to me is how much pain has already been wrung out of the bond and fixed income markets. Fixed income investors just suffered their worst quarter in 40 years. As expectations increase for interest rates to rise… Read the full article.
The broad U.S. equity indices continue to recover from the rapid correction that began in January. We have seen two straight weeks of buyers coming back into the market. This has occurred despite short-term interest rates rising at a historic rate. The 10-year Treasury Bond has breached 2.5% and part of the yield curve has… Read the full article.
The much-anticipated March Federal Reserve meeting concluded last week, and Chairman Powell announced a 25 basis point increase in the Fed’s target funds rate. This was widely expected and is the first increase since 2018. More importantly, Chairman Powell said that the Board was prepared to aggressively address inflation pressure by continuing to raise rates… Read the full article.
As atrocities continue in Ukraine, the world of finance will momentarily turn its attention to the U.S. Federal Reserve tomorrow. It is widely expected that the Fed will announce its long anticipated decision on raising interest rates in an effort to normalize monetary policy after years (actual years) of stimulus. It began with the financial… Read the full article.
War rages on in Ukraine with daily reminders to the rest of the world that war equals horror and death. In my life of more than 50 years, there have been a handful of occasions when it hit home just how real and bad war is. Most of the other times, lucky people like me… Read the full article.
I will start today’s commentary with a prayer for peace and an end to war. There are times when talking about the gyrations of the stock market seems trivial and almost impolite. Today is one of those times. As a husband, father, grandfather and citizen of this earth, I am afraid. I am afraid that… Read the full article.
Difficult market conditions persist, with the Russia/Ukraine dispute front and center following Russia’s decision to “recognize the independence of” disputed territories in eastern Ukraine. As such, they moved incrementally towards a more significant armed conflict. The U.S. and European allies have responded with sanctions including Germany’s stopping the Nord Stream 2 gas pipeline from Russia…. Read the full article.
Equity markets worldwide remain extremely volatile with swings of 1-2% daily. The benchmark S&P 500, Dow Jones and Nasdaq are still battling their respective 200-day moving averages. This important technical line between bull and bear conditions is being watched closely by institutional investors. The inability to close above that level is not a good sign… Read the full article.
Interest rates (particularly their rapid rise) remain front and center on investors’ minds. We are right in the middle of earnings season and the ongoing re-pricing of future earnings due to the forecasted rise in rates has made for a volatile and unpredictable stock market. What appears to be a strong fourth quarter report for… Read the full article.
