After_Long_Nap_Im_Woke 2.8.2019

A Long Nap – I’m Woke

David B. Armstrong, CFA Weekly Market Commentary

It’s really important that investors understand what has happened over the past two months. Ask yourself, do you even remember what caused the Christmas Eve sell off? If you do, do you still possess fear over that issue? Furthermore, what were your emotional reactions? I suspect there was a lot of fear and anxiety – and that’s understandable. No one …

3 Kinds of Investors

Three Kinds of Investors

David B. Armstrong, CFA Weekly Market Commentary

The other day, a colleague asked me about my thoughts for a blog he was writing on whether investors were hiring and/or firing advisors, especially during periods like the last three months. The conversation went something like this: Colleague: “Do you think the current environment causes a lot of investors to switch advisors? Me: “Yes, and vice versa. I’ll bet …

Investing_Look_Ahead_2019

Investing: How to Look Ahead in 2019 (Part 1)

David B. Armstrong, CFA Weekly Market Commentary

2019 is here and by now everyone has probably overdosed on news about how 2018 closed out. I’m a little late posting this since I took the week off between Christmas and New Year’s to read and relax. My efforts, as Marine fighter pilot Lt. Col. Wilbur “Bull” Meechum from The Great Santini would have put it, were “grossly insufficient.” …

A Decade

A Decade – Looking Back and Forward

David B. Armstrong, CFA Weekly Market Commentary

In the mid-2000s, after working for large Wall Street firms for years, it became abundantly clear to us that the financial services industry was drowning in a sea of sameness. Real financial planning either didn’t exist or was nothing more than a mechanism to generate an asset allocation and sell products. Creativity was nonexistent, culture was focused on shareholder profits …

Recession Fears and the Current Market

Recession Fears and the Current Market

David B. Armstrong, CFA Weekly Market Commentary

You know we are in an economic expansion, right?  Yes, despite the recent drawdown in equity prices, we are in an economic expansion…and remember, a slowdown is not the same as a recession. How much further can the U.S. expansion go?  Frankly, no one knows. It could extend beyond the consensus of 2020. Here are three reasons why the U.S. …

Trade and The Tariff Man

Trade and The Tariff Man

David B. Armstrong, CFA Weekly Market Commentary

I was inspired to write based on a social media post from yesterday by my old friend and stalwart colleague, Rob Bartenstein, the CEO of Kestra Wealth Management. “The news media may or may not be the enemy of the people. But it ain’t your friend. Your friend wouldn’t blare negative sh!t [my edit] at you all day punctuated with …

Dumb Money

Dumb Money Ain’t So Dumb

David B. Armstrong, CFA Weekly Market Commentary

I don’t normally write blogs about articles that other folks write, but in this case I must. In Wednesday’s edition of The Wall Street Journal, the venerable Jason Zweig published an article called, “Why Charities Do Good—but Not Well—With Your Money.” I’m a WSJ subscriber so I don’t know if this is behind a paywall, but I’ll highlight some of the …