Is This a Bubble?

Is This a Bubble?

March 24, 2025 In this century’s first decade, investors had an opportunity to participate in and lose money due to two spectacular bubbles. The first was the technology-driven dot-com bubble of the late 1990s that began bursting in the mid-2000s. The second was the...
The S&P 500 Is Not Diversified

The S&P 500 Is Not Diversified

March 3, 2025 Surely, you’ve heard about “not putting all your eggs in one basket.” This overused cliche stresses the importance of diversification (spreading out risk across a group of investable assets). For stocks, advisors often suggest a basket of 20-30 stocks to...
A Trend Towards Higher Rates

A Trend Towards Higher Rates

February 10, 2025 The bond market may be starting to worry. Last year was a good one for stocks. The Nasdaq Composite Index gained 28%, the S&P 500 gained 23%, and the Dow Jones Industrial Average rose almost 13%. But if you look closer, both the 30-year and the...
Tariffs, Immigration, And Taxes

Tariffs, Immigration, And Taxes

February 3, 2025 Let’s talk about three key pillars of President Trump’s policy agenda: tariffs, immigration, and taxes. Tariffs have been a Trump centerpiece. He announced his intention to impose 25% tariffs on Mexico and Canada, our two largest trading partners...