Tariffs Throw A Cat Amongst The Pigeons

The weekly Market Update is up at Alpha Baskets and includes the following; Bitcoin had a bit of a tumble last week down as much as 10%, trading in the $6500’s for a time on Friday before snapping back to $7000 over the weekend. The cryptocurrencies continue to be fascinating on several levels including what seems like compressed bull and bear market cycles, it was up over 1000% in about a year, YTD in 2018 it is down more than 50%. If it turns out to go poof (not a prediction on our part) then the hindsight bias will come from all corners pointing out it was never backed by anything, never tied to anything, it was simply created and started trading. Despite the large YTD decline though it is tough to finds signs of panic. Depending on your Twitter feed, the people who were skeptical at $19,000 are probably still skeptical today and there is still plenty of bullishness to be found, at least on our Twitter feed. Against that backdrop, there would be nothing surprising about another 50% move in the price in short order, regardless of direction. And from my page at TheMaven; The downside of falling in love with a stock. Do you struggle with...

Don’t Let Big Tech Ruin You

My latest post for Alpha Baskets is published and includes the following; There was one sentence that made me laugh out loud; “Passive investors who want to avoid the overconcentration risk from cap-weighted indexes can buy funds that own equal proportions of each stock in an index …” The idea may be perfectly valid but it is clear to me that the person who decides to switch to an index fund that uses an alternative weighting process is not a passive investor, they are making a very active decision, using what might be a passive vehicle to do it. And from my page at TheMaven; A two part dissection of the S&P 500’s current flirtation with its 200 DMA and what I am doing about it. Part 1 and Part...

Did Anyone Get The License Plate?

The weekly Market Update is posted at Alpha Baskets and includes the following; Tech was also seen a driver of volatility after leading the market higher in January. While you might think that tech had a relatively bad quarter that was not the case. Looking at the more heavily traded, broad tech sector funds they were actually higher on the quarter as were narrower tech-themed niche funds. While there were some very loud news stories and painful declines in select names, the gains in tech broadly might serve as a reminder that most investors would be better off not trying to trade fast, short term moves. And a couple of recent posts from my page at TheMaven; There’s a lot of morons giving out investment advice. Is it over for the cryptos? Age related steps to take for retirement planning. On Friday I hiked with a couple of buddies to the Granite Mountain Hotshots Memorial State Park. The hike is 7.2 miles round trip starting from Highway 89 a mile or two south of Yarnell going to the deployment site. During the Yarnell Hill Fire on June 30th, 2013, 19 of the Granite Mountain Hotshots perished. I will have more to say at the 5th anniversary but for now some pictures from the hike. The scenery is epic and the shrines are very touching....

Learning From Iomega

My latest post for Alpha Baskets is posted and includes the following; Reading a headline like that, a cynic might immediately think of the famous BusinessWeek cover from 1979 proclaiming the Death of Equities or Irving Fisher declaring equites having reached “what looks like a permanently high plateau” on October 16, 1929. And from my page at TheMaven; A look at a crappy 401k plan. Should you cancel your health...

Markets Crumble Under The Weight of Tariff Threats

The weekly Market Update is posted at Alpha Baskets and includes the following; As a qualitative observation this drop doesn’t feel as panicky as the one in early February but interestingly both declines in SPX terms stopped at that index’ 200 day moving average at least that was the case at the close on Friday. And from my page at TheMaven; Thoughts on the 200 DMA holding. Is the new shipping futures ETF a third degree burn waiting to...