My investment mentor, a late legend among hedge fund managers, once explained to me the stages of a market decline. Public concern is first, which turns to worry, which then becomes fear, then becomes panic, and finally capitulation. One can get an idea of the current stage of public sentiment by the generally frantic nature of investors
Over the last two months, global sentiment has transitioned from complacency to concern, and then to fear regarding the impact of the Novel Coronavirus (nCoV) on global economies and our daily lives. Purportedly originating from non-sanitary meat markets near Wuhan, China, nCoV has spread across Australasia, the Middle East, Europe, and sporadically across the Americas.
Blindfold yourself, grab a dart, and throw it at the Wall Street Journal. Whatever stock, bond, commodity, or fund you hit probably increased in 2020. Coming off a nearly 20% stock market drawdown at the end of 2018, 2019 was a year to make money. Source: Visual Capitalist – All indexes assume dividends reinvested
On July 31st, Expect the Federal Reserve to Cut Interest Rates On July 31st, the Federal Reserve (Fed) is expected to announce a wind down and reversal of the tightening cycle which took place over the last five years. For those that remember, the quantitative easing program, which was considered one of the most aggressive
Christopher Diodato, CFA, CMT Awarded 2019 Prestigious Charles H. Dow Award Pittsburgh, May 22, 2019 – The Chartered Market Technician® (CMT) Association has presented Christopher Diodato, CFA, CMT with its annual Charles H. Dow Award for excellence in investment research. Mr. Diodato, who currently manages investments at Pittsburgh based Union Bridge Capital and Cantilever Wealth