Global financial markets are continuing where 2017 left off: moving higher and with optimism. In fact, the S&P did not experience its first negative performance day of the new year until Wednesday (Jan 10) of last week. It is under that context we came across a rather timely comic depicting the near-extinction of the market […]

Happy New Year-we look forward to continuing our work on your behalf in 2018! When we look at the distribution of returns for the S&P relative to history, 2017 could be defined as a year with no left tail. Not only did the index conclude with all 12 months being positive (never happened before), but […]

As hard as it may be to believe, there are just 9 trading days remaining in 2017. Most notable is that through the first 242 trading days of this year, the worst S&P drawdown was a benign -2.8% decline. That hardly-sinister setback is the second skinniest calendar year correction ever (1995 was the narrowest). And […]

The final trading week in November was decisively positive for US equities; in fact on Thursday the Dow achieved its 5th 1,000 point milestone by crossing the round number of 24,000 and was led by financials and transportation companies in what is ordinarily a signal of fundamental economic strength. The Dow actually concluded up +2.9% […]