Category Archive for: ‘Columns’
The Difference Between Portfolio Managers and Money Managers
Ken Solow+ | January 28, 2013
There is a lot of confusion over the differences between portfolio managers and money managers, so let me try to help clear it up. I define portfolio managers as investors who have the freedom to invest in multiple asset classes. Their portfolios are typically constructed with investments in U.S. and international stocks, U.S. and international bonds, U.S. and international real [...]
Read More →Which Commodity is Wrong?
Rick Vollaro+ | November 11, 2011
>Right now we’re watching some interesting divergences within the commodity complex. Sean wrote a recent post about oil’s rise, and he mentioned that many analysts see this as a sign that the U.S. might avoid recession. What’s puzzling is that oil is currently diverging from other commodities that are typically seen as barometers of global growth, like the CRB Raw [...]
Read More →Will Europe Drag the U.S. into Recession?
Carl Noble+ | November 10, 2011
>With signs that Europe is likely in the grips of recession due to their inability to adequately address their debt crisis, we’ve been trying to get a handle on how that will impact the U.S. economy. The reality that economies are more globally connected than ever hasn’t prevented some analysts from predicting that the U.S. will be fine, even if [...]
Read More →The Euro is on an Island
Rick Vollaro+ | November 9, 2011
>For months now I’ve been watching two charts very closely on my ticker screen — the Euro exchange traded fund (FXE) and the S&P 500 (SPY). It’s been amazing to see how movements in the FXE have correlated to SPY (approximately 84% since September). This may be not be much of a surprise since the market has been taken hostage [...]
Read More →A Sign of U.S. Expansion
Sean Dillon+ | November 8, 2011
>The chart below is the price of West Texas Crude, and you can see that the price has been climbing since the beginning of October. In fact, crude prices are up an amazing 28% in just over 1 month. Many analysts believe this is evidence that the United States has avoided a recession, and that the economies in China and [...]
Read More →Our Latest Assessment…
Rick Vollaro+ | November 3, 2011
>Yesterday the Investment Team met to discuss the state of the markets. The agenda was ambitious: We needed to assess Europe’s Grand Plan, recent economic data, technical conditions, and what smoke was coming from the independent analysts we follow. Ultimately we had to decide whether or not our allocation was consistent with the weight of the evidence. Here is a [...]
Read More →Free Consultation
