INSIGHTS
No One Expects a 40% Return for the S&P 500 This Year
By: Matt Garrott No One Expects a 40% Return for the S&P 500 This Year I defy you to find a pundit optimistic about the stock market. Is anyone predicting double digit returns? Low to mid-single digits seems to be the popular view among those shouting the loudest. [...]
Hedge Funds, Buffett, and Dumb Luck
By: Matt Garrott As usual, Warren Buffett’s letter to shareholders of Berkshire Hathaway is a must-read. It is well known that he advocates low-fee indexing for most investors. As his famous bet with a hedge fund of funds manager winds down, Buffett unleashed both barrels on high-fee money [...]
Accurate Ambiguity
By: Matt Garrott Punxsutawney Phil practices accurate ambiguity. The vast majority of the time, he sees his shadow. This portends 6 more weeks of winter, generally lining up with the Spring Equinox. What a great strategy. Winter usually lasts 6 more weeks so predict 6 more weeks of [...]
Trump Portfolio
By: Matt Garrott We’ve witnessed the peaceful exchange of power in the most powerful country on the planet. Now, how do we create a “Trump Portfolio” of only the best, really the greatest, everybody says so securities? Does it make sense to overweight small cap manufacturing stocks that might benefit [...]
Market Commentary Q4 2016
By: Matt Garrott What Happened in 2016 The stock market started the year on the wrong foot with a 10% drawdown. It was the worst start to a calendar year ever and prompted knee-jerk reactions such as the RBS note for their clients to “sell everything”. [...]
What Would a Rate Spike Look Like?
By: Matt Garrott The S&P 500 is up over 3% since the election. I hesitate to call this a “Trump Rally”, especially as the election looms so large in recent memory. For now, it seems prudent to recognize that the election has brought with it a [...]