Weekly Brief
Thankful
I thought I would take a break from the exciting world of finance to focus on Thanksgiving and the many blessings we have. It is nothing short of a miracle of winning the gene pool lottery to have been born in America. Most people around the world can’t imagine living...
Actors of our Financial Theater
Over the past 30 years, I have been fascinated by watching the many actors in our financial markets. I say actors because it all seems like one big national play complete with all the theatrical variety of comedy, thriller, suspense, death, heartbreak, and even...
Rebalancing The US Economy
The tsunami impact of shutting down the US, the world's largest economic engine, for nearly nine months in 2020, and in some cities' continual restrictions, has understandably created a tsunami wave of financial imbalances. The first wave that hit the shores of world...
Seasons
Now that Halloween is over, the holidays are officially started. Although Home Depot, Walmart, Target, Lowes, and every other box store thought the Christmas season started in August. When I was a kid, Halloween was always a blast. Weeks earlier, my mom would start...
Risk Management, You Say – Main
A few weeks ago I was rereading Joe Coulombe’s autobiography, Becoming Trader Joe: How I Did Business My Way and Still Beat the Big Guys, when I came across this quote: “Risk management,” you say? Risk management is asking, “What am I risking if I say yes; and what am...
Life is One Long Hike
While in Maui this past week, one activity we all enjoy doing is hiking in the upcountry on beautiful trails with terrific views. However, the more challenging trials may include steep climbs, dark areas of heavy vegetation growth, and of course, mosquitoes. A...
It's Beginning to Look a Lot Like…
The holiday season is near and in this Weekly Brief we review projections for holiday sales this season. The stock market has started the fourth quarter with a bang and we discuss what will be needed to continue this rally.
This Too Will Pass
In 1982 I was hired by Mass Financial in San Francisco, which started my career in the investment and financial planning business. The year before, President Reagan signed the Economic Recovery Tax Act (SERTA) in 1981, and the Federal Reserve reversed its rate decline...
This Too Will Pass
History has many experiences of the Dow Jones Industrial Average selling off and entering new bear markets (down > 20%). However, the Dow Jones has always recovered from a selloff and in many situations rallied to new highs within 24 months. In 2020, the Dow Jones...
Is Party Over for Real Estate?
Yesterday the National Association of Housing Builders (NAHB) released its monthly index report on the survey to respondents in their organization on their views of the housing industry. For the ninth consecutive month, the index had declined and is now at its lowest...
Is Party Over for Real Estate?
Is the housing market on track for another bust of declining home prices and high vacancies? Listen in this Weekly Brief our review of this week’s National Association of Housing Builders and our view of the future of the residential housing market.
Thoughts From Industry Leaders
I am at the Advisor Circle Future Proof conference in Huntington Beach, California. Attending is over 1500 investment advisors with a lineup of seasoned speakers from national and international financial companies. Over these past three days, I have attended sessions...
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