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State of the Markets After 100 Days

It's been 100 days since the WHO officially declared COVID-19 to be a pandemic. I'll leave the medical/political sides of that to others, but it seems like an appropriate time to update some big picture thinking about the
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Making Sense of a Manic Market

The stock market is currently working through its third "once in a generation" crisis in the past 20 years. There was the Tech Bubble in the late-1990s that culminated in the bear market of 2000-2002. The loose-money
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The Market is Not the Economy

The biggest issue facing investors right now is how to reconcile the obvious carnage in the real economy with the relentlessly rising stock market. There's a tendency to interpret the market as a predictor of the economy,
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When the Market Environment Gets Stormy, Rely on Your Instrument Panel

In times of uncertainty and fear, it’s crucial to rely on the discipline of a structured, proven approach to risk management. That’s just what SMI provides.
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Oil Writes Stunning New Chapter in Bear Market Story

We've seen a number of unprecedented moves in the financial markets over the past two months. We watched stocks plummet to bear market depths in half the time it took in 1929, which had stood for the past 90 years as the
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Faith, Fear…and Caution

The Bible is clear that fear is not to be our response at times like these. But with fear clearly off the table as an acceptable response, how do we balance faith versus a healthy level of caution?
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Lessons from Other Health Crises and Other Points to Ponder

Lessons from other health crises “If the past is any guide…the growth scare should be relatively brief. Recent global contagions going back to the SARS virus in 2003 have seen a sharp slowdown lasting about a quarter,
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How the Current Rally Compares to Recent History

The stock market has been on quite a tear over the past few months. The S&P 500 index is up +11.3% since the third Fed rate cut happened last October 30, a span of about 3.5 months. It's up a whopping +17.2% since the
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What Tesla & Buffett Tell Us About the Market

I've written increasingly over the past 18 months or so about similarities the current market has with the market of the late 1990s. No two periods are ever exactly the same, but when you've done this long enough you start
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Economic Uncertainty Is Certain

Is a recession approaching? Perhaps. But economic uncertainty is always with us, and biblical principles of money management work under any scenario. They can help you weather the storm, no matter how hard the financial
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