Santa Came Late

Since the widespread panic we saw at the Christmas Eve lows, the stock market has staged a massive 11% rally in just over three weeks (another reminder why ‘market timing’ doesn’t work). Based on the 10-day change in the advance/decline line (a market breadth...
2019:  Money in Motion

2019: Money in Motion

Fourth Quarter Recap:  What a difference a quarter can make. The S&P 500 was up 9% through September but then declined 14% in Q4 to end (6.2)% for the year. Many other U.S. stock market measures were down more. And volatility raged throughout the quarter....

Why We Use Laddered Bond Portfolios

Managing fixed income portfolios in-house using separately managed accounts requires expertise not often found with most investment advisory firms.  However, it can provide flexibility and cost savings compared to mutual funds or exchange traded funds (ETFs).  At...