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 …

The Unknown Nature of Investing

The Unknown Nature of Investing

David B. Armstrong, CFA Weekly Market Commentary

Annie Duke’s Thinking in Bets – Making Smarter Decisions When You Don’t Have All the Facts may as well be titled “Dave, Read Me Now!” Not even 20 pages in, she starts comparing Chess and Poker. Duke states that “The quality of our lives is the sum of decision quality PLUS luck.”  Emphasis mine. Chess is not a game of …

Investor Concerns

Growing List of Investor Concerns

David B. Armstrong, CFA Weekly Market Commentary

I saw a headline the other day on Bloomberg TV.  It said, “Growing list of investor concerns.” Seriously?  Of course there is a growing list of concerns!  The market just sold off. HARD. People get concerned when they lose money.  That’s natural and understandable. Needs create concern.  When you need the money and it loses value, you become concerned. However, …

The Current Situation

The Current Situation

David B. Armstrong, CFA Weekly Market Commentary

Based on the current situation (writing as of 10pm Wednesday night with futures showing more selling on Thursday), stepping in to buy at these levels is hardly an easy choice. But, the reality is shocks like the one yesterday coupled with the past few days have a hard time lasting in the current economic environment. People are still plagued by …

Forcast a Recession

How to Forecast and Manage a Recession

David B. Armstrong, CFA Weekly Market Commentary

As a passenger on a commercial aircraft, you probably don’t have an expert level of understanding of all the inputs that go into a safe flight.  You board the plane and just have confidence that everything has been taken care of by competent, well-trained people.  Here are a few things off the top of my head that go into a …

Financial Advice From Hike

Financial Advice from the Pacific Crest Trail

David B. Armstrong, CFA Weekly Market Commentary

I spent the last 12 months planning a long-distance backpacking trip along the Pacific Crest Trail and the John Muir Trail which ran through a large section of the Sierra mountains in California.  As some of you already know, I took a fall at the 190-mile mark of the 220-mile journey and couldn’t continue.  I’ve unfortunately re-injured my knee, and …

Keep Looking Forward

Keep Looking Forward

The Monument Wealth Management Team Weekly Market Commentary

First, we’d like to start off by paying a brief tribute to Senator John McCain. He served our country as a legendary war hero and lawmaker who pushed for bipartisan agreements to make our country a better place, and we as Americans are grateful for his service. As you well know, McCain’s passing is not the only sad or concerning …