Posts Tagged
‘COVID-19 stock market’

If we’re unconcerned about the price we pay, there are several reasons to buy stocks today. Thanks to copious stimulus from the Federal Reserve, common stock indexes have continued their march upward, and most securities analysts are forecasting further gains. Notwithstanding the Fed’s generosity, however, U.S. Treasury notes and bonds and investment-grade corporates  lost money [...]

Investors continue to face a serious quandary: How to proceed with historically overvalued equity markets, worldwide economic malaise, minimal interest rates and a Fed seemingly committed to eliminating any danger of significant loss to either stocks or bonds? Throw in a highly acrimonious political scene with questions on both left and right about whether the [...]

Late in the second quarter, I wrote To Be Equity-Lite or Equity-Heavy?, which spelled out the predominant arguments for and against significant equity ownership in the current environment. I encourage you to read or reread that article to evaluate your own reasons for remaining either equity-lite or equity-heavy. Departing from our typical Quarterly Commentary format, [...]

During the first quarter, we experienced the fastest ever 35% decline from an all-time high in US equity market prices. The subsequent remarkable recovery rally regained most of the lost ground in barely a month and a half. Commentators are currently marveling about the disconnect between aggressively rising stock prices and the weakest economic data [...]

As the month of April closed last week, Wall Street celebrated the S&P 500’s powerful 12.7% advance, the strongest monthly gain in 33 years. Whether that success points to continued gains in the short run, however, is open to question. Looking back, two even more profitable months saw slightly varied outcomes. The most profitable month, [...]