Author: Madison

The Merriam-Webster dictionary defines déjà vu as a) the illusion of remembering scenes and events when experienced for the first time and b) a feeling that one has seen or heard something before. Both definitions are apropos for how the markets performed in 2019.  In fact, market results in...

It’s been widely reported that 2019 was a great year for financial markets.  By all accounts, even a simplistic portfolio of 60% stocks (of the S&P 500, a market value weighted index of U.S. holdings) and 40% bonds (of the Barclays U.S. Aggregate Index), generated an impressive return.  In...

In May of 2019 the House of Representatives passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The bill then lost traction in the Senate going nowhere for months. However in late December it reappeared and was unexpectedly included in an appropriations bill...

Legendary investor, Benjamin Graham (1894-1976) is widely considered the father of two fundamental investment disciplines: security analysis and value investing.  In his 1974 seminar entitled “The Renaissance of Value”, Graham states: “The title of this seminar … implies that the concept of value had previously been...

Americans will soon be bracing for a barrage of political signs, commercials, and mailers as the 2020 presidential race approaches. A common question from clients is, “who is better for the markets?” Our answer is based on historical data. Generally, investors have done well regardless...

“To prove that Wall Street is an early omen of movements still to come in GNP (gross national product), commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement. Wall Street indexes predicted nine out...