Investing

Market Concentration

There continues to be quite a bit of consternation over the rise in stocks and how the majority of gains are concentrated in a few names within the indices. The disagreement between fundamentals and price action also continues to be a point of concern. While I can’t justify the current disconnect, the trend continues to …

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Investing

The Rising

So unless you’ve been living under a rock this year, you know that gold has had a pretty remarkable run. It’s outperformed stocks and bonds across the board. Gold, referred to as a barbarous relic by some, has its lovers (gold bugs) and its haters. Gold doesn’t produce cash flows like a typical security does …

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Investing

Reality Check

The stock market keeps going up and it likely will for the time being until expectations turn negative. We’ve discussed the expectations that appear to be driving the market right now. Namely, the Federal Reserve has investors’ backs. If things get too dicey, the Fed will step in and serve as an artificial price floor. …

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