Insights

Economy Famous hedge fund investor Stanley Druckenmiller is known for his assertion that it is liquidity that moves markets, not...

Liquidity and the Fed Balance Sheet Over the last several years, advisers have been subjected to article after article saying the market...

Market Perspective Thoughts on Equities We seldom get through a year without at least one down quarter, but we are presently on a six...

As we wrote last month, the most prudent course of action statistically is to assume any particular decline in a bull market is a...

Market Perspective Bear markets are a “when”, not an “if”.  The goal is to go into one without being overly aggressively positioned, so...

The fiscal cliff deal reached on New Years’ Eve helped stocks extend the rally that began on November 16th.   U.S. stocks have regained...

The Economy The economy continues to improve, if slowly.  243,000 new jobs were created last month, continuing the positive trend. ...

Here is a short comment on the markets, because what I really want to do is comment on funds: The global economy is slowing down.  We...