Executive Summary The week has started with broader markets moving higher. Although, the underlying data is moving in the opposite direction. In an effort to share research from others and not just my thoughts, I have included data from Sven Henrich of Northman Trader, Crescat Capital, as [...]
Executive Summary In this week’s newsletter, I outline investment risk verses fear of missing out. Investor risk is the risk of loss, which is increased when stock prices disconnect from corporate profits. Fear of missing out involves continuing to hold overvalued stock, speculating that one will still [...]
Executive Summary When someone buys stock, they are buying future corporate earnings. When prices rise, that should mean corporate profits have risen. The first chart below is a must see. This demonstrates the rising price without the corresponding rising profit, also known as multiple expansion. Historically, when [...]
Man is Mortal. That makes life insurance a little unique and interesting, doesn’t it? We purchase things like health insurance, car insurance and home insurance, then hope we never have a need to use them. Life insurance is different because it’s a widely accepted fact that, sooner [...]
Executive Summary It seems the President, the Federal Reserve Bank and politicians are touting record high stock prices as a reflection of a great economy. However, the GDP number released last week was only 1.9%, which is below average growth over the last ten years, and over [...]