S&P 500 – Retesting The Low

Risky assets unfolded a sharp rebound over the past week. The major U.S. equity indices rallied by more than 20% off their most recent lows. Market participants, professional and retail, piled into the market and bought everything they could. Last evening, a WSJ headline declared the shortest bear market ever as finished after a 20% …

Don’t Panic – Apply Evidence!

The idea behind publishing free articles was to convey institutional asset management know-how and help investors navigate the markets.¬†Our approach is often contrarian to public consensus. Therefore, many disagree with our content.¬†Nonetheless, those who followed us know that we expressed a strong opinion that U.S. equities drop towards the December 2018 low. We published here …

U.S. Equities – Wheels Come Off

Retailers reach peak sales during the holiday season and relatively weak turnover in the subsequent period. They are aware and well prepared for this cyclicality. A similar relationship holds for the business cycle. Although the pattern fluctuates less regularly, business cycles unfolded since modern record-keeping and probably even before that. Business cycles are among the …