Bear Market

Check Your Exuberance

March 31, 2020

We finally saw a big reversal in risk assets on Tuesday as the S&P 500 soared about 10% after suffering a 34% decline from its peak over the previous three weeks. The [...]

Framing the Downside

March 12, 2020

Stocks are now officially in bear market territory, which means prices are down over 20% from the all-time highs just three weeks ago. In fact, at the time of this writing [...]

A Little Perspective

January 9, 2019

The list of investor concerns is growing by the day. Most recently, we learned that Chinese manufacturing activity contracted in December, US manufacturing activity slowed [...]