Election Winners and Losers

Why has the stock market been so strong since Election Day?  In our view, the prospect of a Biden victory and a GOP Senate was not expected which is partially why we are seeing equity prices soar.  Add the good news that Pfizer and Moderna both announced very good...

COVID-19 Resurgence

So far in 2020 we have had a pandemic, a recession, an impeachment trial of a president, social unrest, and a contentious presidential campaign.  The coming year could be just as eventful.  What do institutional money managers think about such an uncertain environment...

The Bull and Bear Case for Stocks

Investors are entering third-quarter earnings season with bright expectations that this could propel the next leg of the stock market’s rally.  After all, analysts have been lifting estimates for the quarter – a move that goes against the norm.  Typically, earnings...

Our Annual Q & A

1.  What happened in September? Is this a textbook correction or the start of something worse?  The pullback in stocks in September is due to a number of reasons: –              Tech stocks (including the FANG+ names) had powerful gains in the summer and had to...