Jan 23, 2023: Bursting bubbles and a historically bad year for balanced investment portfolios 2022 was the year where a lot of the imbalances that we've been writing about for quite some time finally started to unwind. There was absolute devastation in areas that we referred to last year as …
The beginning of the end of the bubble?
February 17, 2022: A year ago, we wrote a piece expressing the view that US growth stocks had entered a major speculative bubble. We didn’t know when that bubble would reach its peak, because that can only be known in hindsight. But we did suggest that it would peak at some point, and would …
What’s going on with inflation?
December 2, 2021: Inflation has been a hot topic as consumers have recently been hit with the fastest price increases in decades. Investors are wondering about the investment implications, and they are right to do so, as inflation can have a major impact on markets and valuations. This article …
A major bubble in growth stocks
January 28, 2021: Stock markets have been surging higher, and our favored areas (international and emerging value stocks) really outperformed last quarter. But looking at the whole of 2020, the real craziness took place in growth stocks. In fact, we believe that US growth stocks have become a …
From fear to greed in four months
July 24, 2020 The world continues to grapple with the Covid-19 pandemic, but you wouldn’t know it by looking at financial markets. The recent cheerful market mood is a huge turnaround from the complete panic and despair that reigned just four months ago.During the panic, we were adding to our stock …