Small Trader Mania February 05, 2021

Posted by Steven Vannelli, CFA in Markets

In which we discuss the recent small trader mania. Download slides here: Small Trader Mania Questions? Email us at  

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Party Like Its 1999 January 27, 2021

Posted by Steven Vannelli, CFA in Markets, Portfolio Management

In this Q4 2020 slide presentation of our quarterly strategy report, we discuss: Bob Farrell’s Rules for Trading (#5 and #7 especially resonate with us right now). What the retail trading frenzy, recent IPOs and speculation can tell us about where we are in the…

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Get Ready for Services Prices to Accelerate Higher January 22, 2021

Posted by Bryce Coward, CFA in Economy, Markets

We’re going to keep this post short and sweet because the charts speak for themselves. Today, preliminary Markit PMIs were released for January. Headline numbers ticked up, which is great and shows a continued expansion into the new year. The release also showed that input…

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Breakeven Inflation is Breaking Out December 04, 2020

Posted by Bryce Coward, CFA in Economy, Markets, Portfolio Management

Inflation expectations as priced by the Treasury market are hitting 18 month highs just now. As the reader can see, inflation expectations across all treasury maturities are at cycle highs. This is happening coincident with growing expectations for the $908bn bipartisan stimulus deal and widespread…

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The Election has Crushed Volatility November 06, 2020

Posted by Bryce Coward, CFA in Markets

As election results continue to trickle in suggesting Joe Biden will be the next president, there still remains a bit of uncertainty with respect the final electoral vote tally as well as any legal challenges that will emerge in the coming days. Even still, the…

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A Broader Market, but Not a “Value” Rotation October 09, 2020

Posted by Bryce Coward, CFA in Markets, Portfolio Management

In recent weeks the market has been notably broader in terms of the upside participation from stocks other than FAANMGs. Typically, this type of action in the early stages of a business cycle would be strongly associated with the “value” style working, since “value” companies…

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