The market has had a decent rally since its recent bottom in February. I’m not convinced that this is light at the end of the tunnel. I remain bearish.
As usual, mainstream business journalists don’t understand the difference between correlation and causation.
In case you’re hiding under a rock, you missed an amazing MMA fight last night between Holly Holm and Ronda Rousey—unless of course you’re one of the Vegas bookies, in which case things didn’t turn out pretty at all, according to news reports.
To be clear, I’m not gloating with this article. Sequoia prior to recent events was a storied mutual fund with a solid track record. It is, however, now a case study in when risk management goes wrong, and when a 30% position blows up.
The front page of CNN.com right now has zero articles on the Polish election, but it does have articles articles on Adele, “Celeb couples who have reconciled”, and “Selfies of the week”. This is why I can’t watch most mainstream news.
The S&P 500 is down about roughly 5 percent over the last 3 months. There are a number of bearish signs to look out for, although there could be some opportunities in distressed debt.
Bonds have gotten a bad rap, not necessarily for bad reason with interest rates probably rising. Here though is why you may still want bonds, but it might not be what you think.
The discourse coming from Greece has gotten delusional to the point that Argentina is starting to look rational. Here’s what I’m looking at in the markets.
Weak US GDP, ISIS, and motivation—here is what I’m reading.
I am starting this as the first in a series of market commentaries that I will be posting on here. Right now, I’m seeing some rocks in the road up ahead.