Where’s the Party?

Not here. Our little-faith-in-central-bank-interventions tendencies aren’t getting much love despite hard data that are warning of clouds on the horizon. We could have done better over the last few months by following the dictum of continuing to dance while the...

Stock-Picker Guy

How do you pick stocks? (This is a big, complex topic. So this post is both a bit longer than usual and painted with a broad brush.) If you do stock picking for a living, you’d better have an answer, and it had better be good. Honestly, though, my impression is that I...

GDP

I wanted to take a minute to talk about the GDP report. It was much worse than I expected. No big deal for us, as we expected it to be a one-off positive, similar to how oil spiked up 6 weeks ago and has now been tailing off. Our answer to the expected report was to...

Up and Away!

The economic data from June was generally pretty good. This means that Q2 GDP data is probably going to look pretty good, especially on a sequential basis compared to a surprisingly weak Q1. What do we do with that? Unlike most, we don’t jump in on the last data point...

Unlikely…But Possible!

We’ve taken a fair number of actions lately. Some of that is just due to the ratings cycle I go through – periodically taking a fresh look at stocks and deciding to change some things. Another reason is a view that volatility has increased. I don’t just mean the...