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Category: Current Market Events

Investing in an Over-Extended Bull Market

It's a classic dilemma and one that investors spend a surprisingly large amount of time dealing with: how to invest when the data seem to suggest the market is "late" in a bull market cycle?
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2nd Quarter Report: Stocks Climb the Wall of Worry

After spending the first quarter of 2018 worrying about the return of inflation and volatility, investors found a new concern to obsess over in the second quarter: the possibility of a global trade war. But unlike
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Understanding “Regression to the Mean” Helps Manage Expectations

In investing, as in life, it’s important to manage your expectations. There’s nothing quite like an unmet expectation to drive misery and misbehavior. That helps explain why fewer people own stocks today than before the
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EFA’s Wild Ride Yesterday

Yesterday was a great illustration of a few principles SMI frequently preaches: Watching your investments too closely can cause heartburn Distributions can cause deceptive price action in specific funds/ETFs Relying
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A “Clear and Present Danger” to Your Portfolio

Today is Fed Day, although perhaps we should be calling it "Central Bank Week," given that the European Central Bank meets tomorrow (with the expectation of more details regarding the timeline for the unwinding of its
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That Didn’t Take Long!

At the end of SMI's June article, What the Flattening Yield Curve Says About the Economy and Markets, I wrote the following:
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What the Flattening Yield Curve Says About the Economy and Markets

In the decade since the 2008 financial crisis ended, interest rates have dominated most discussions of the economy and financial markets. The Federal Reserve assured this would be the case by lowering short-term interest
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Growth Has Dominated Value: Will it Continue?

Two main distinctions are used when categorizing individual stocks. The first is size: is the company large or small? The second is style: is the stock primarily attractive to investors because of its growth
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SMI on the Radio: The Stock Market in 3D

No one really knows how the stock market will perform in the short-term, i.e., over the next 3 years or so. Things could go up, down, or sideways — or all of the above. However, if you invest for the long-term (at least 10
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SMI Funds Update

The SMI Funds, advised by SMI Advisory Services, are a separate business from the SMI newsletter. However, given the significant interest in the SMI Funds among newsletter readers, we thought it would be helpful for the
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