It really shouldn’t be that you can follow so closely in agreement with a good deal of a person’s commentary yet end up on opposite ends. Can it be, like the DNA commonality of gorillas and humans, that the last 1% or less of a system or argument can make all the difference? There is much to admire in the [...]
Pride goeth before destruction, and an haughty spirit before a fall. Proverbs 16:18 I spend a good portion of my time trying to figure out the mood of the market. That isn't just so I can bet against it although that is the proper strategy at times. John Maynard Keynes likened the fluctuation of stock prices to a beauty contest [...]
Economies travel in cycles. Some factors contributing to economic cycles are the following: Periods of great innovation and capital formation Fluctuations in fiscal policies Credit/Money creation War, disease, natural disaster At Alhambra, we often refer to Keynesian theory v Classical theory in reference to responses to the cyclical nature of an economy. The reality, economies inevitably have hiccups. In lay [...]
Joseph Gomez, Sr. Investment Advisor The Nasdaq made a multi-year high this week. The index is now up 11.54% for the year, which is nearly double the 6.94% YTD return for the S&P 500. The key to this rally has been the strength we’ve seen in the Financial and Technology sectors, which make up roughly 35% of the market when combined. The S&P [...]
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