Given the backdrop of easy money and what appears to be a race to the bottom in the fiat currencies, some investment analysts are convinced that the risk of hyper-inflation is building. In their world, you gotta load up the truck with gold, since it should be treated as an alternative currency.
Santa Claus has come and gone, and so far seasonal tendencies have worked a little magic on domestic equity markets, which have been drifting up. But while U.S. equities appear to be reflecting the goodwill of men and holiday cheer, certain markets are behaving more like Mr. Scrooge.
The S&P 500 is up more than 3% this week, leading the talking heads on TV to once again declare that a “Santa Clause Rally” is unfolding. It may seem kind of silly to hear professional investors talk in such terms, but December has historically been the best month for stocks.
Chief Investment Officer Ken Solow and Chief Investment Strategist Rick Vollaro explain why Pinnacle Advisory Group’s investment approach is so unique, and how it benefits our clients.
In the December Journal of Financial Planning, Michael Kitces, Sauro Locatelli, and I published a study entitled, “Improving Risk-Adjusted Returns Using Tactical Asset Allocation Strategies.” The title is a mouthful, but we were basically asking if changing the asset allocation of a portfolio can increase your returns relative to the amount of risk that you…
Readers who visit the Pinnacle Advisory Group website (pagmain.wpengine.com) will note that a paper by Solow, Kitces, and Locatelli, entitled “Improving Risk Adjusted Returns Using Market-Valuation-Based Tactical Asset Allocation Strategies,” was published in the December issue of the Journal of Financial Planning (JFP) – the most distinguished journal in the profession. The paper itself is…
Recently U.S. data has taken a more positive tone as international data continues to get softer. Thursday’s U.S. data brought a very strong number on jobless claims, along with two regional manufacturing surveys that were better than expected. Industrial production numbers were weak, but on balance more data beat estimates than missed, and that’s been…
Today, we initiated an investment into home builders. The purchase was made for only our most aggressive clients and was a relative move from the telecom sector. This industry has long been dead money, but we felt this was a good opportunity to initiate a purchase for a few reasons.
I was recently quoted in a Diana Britton article in Registered Rep. magazine entitled, “Is Tactical Investing Wall Street’s Next Clown Act?” As you might guess from the unfortunate title, the writer trots out the familiar and tired arguments for buy and hold investing. In a nutshell, you should buy and hold because:
It’s come down to this — the latest summit of European leaders to try to tackle their worsening financial crisis concludes today. The market’s rally of the past two weeks seems to imply that investors are betting they’ll get it right this time. The definition of “getting it right” apparently consists of a credible framework…
