Weekly Access

Picking a Stock: Not for the Faint of Heart


By Michael McKeown, CFA, CPA – Chief Investment Officer

Jesse Livermore, considered by some the most famous trader ever, learned to trade in the bucket shops in the early 1900s.  He profited from the 1929 market crash by betting it would fall, and certainly earned his nickname, “Boy Plunger.”

Ready For The Pitch


After 22 wins in a row for the hometown Cleveland Indians, who doesn’t have baseball fever?   The Tribe breaking the American League record that stood for 15 years- and then the all-time record- was off the charts for even the stat-heads.

Watching The Weight


In designing portfolios, we talk about the term ‘weight’ (as a percentage of the total portfolio) to asset classes, strategies, and styles.  We throw around the word like everyone knows the meaning as we intend.   

Puppy Investments


A little over a month ago, my wife and I got a puppy.

Meet Oakley.

The Story Behind Americans Owning Stocks


The old adage for why the stock market is up on a given day simply says, “there were more buyers than sellers.”

Happy Birthday, ‘Merica.


Over the next week the U. S. of A. celebrates two important milestones. 

Where Did All The Stocks Go?


Just twenty years ago, there were 7,322 listed public companies in the United States.  By the end of 2016, that number was cut in half.   Only 3,671 companies are publicly traded on U.S. exchanges.

Spring Housing Selling Season


Housing is an important component of the U.S. economy.  Monitoring this sector’s strength and growth trend has forecasting value.  Like any industry, housing has its own cyclical pattern, which was on display over the last decade.

Passive Investments and Active Decisions


The massive money flows into passively-managed mutual funds and exchange-traded funds (ETFs) cannot be denied.

On The Hiking Trail


During the previous business cycle, the Federal Reserve raised interest rates 17 times in increments of 0.25%, taking the Fed funds rate from 1.00% to 5.25%.  The committee increased rates at each meeting over 24 months from June 2004 to July of 2006.  While the Federal Reserve controls the Fed funds rate, it influences the bond market.  The following table shows the effect of a rising Fed funds rate on a range of maturities and returns during the last cycle.

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