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Former Rams wide receiver Isaac Bruce’s path to a gold jacket and his place in the Pro Football Hall of Fame in Canton, Ohio, included a stop in Inglewood, where he spent a formidable two years at the junior college level.
The stock market is not healthy, nor is this action normal. Lately, we have seen cyclical stocks in the ‘real economy’ and growth tech stocks take turns going up. Instead of one group winning the arm wrestling battle, both have won. Taking a wider approach, the US market is defying gravity compared to the rest of the world. It might be time to start diversifying out of America. The MSCI all country world index excluding America is still below its 2007 high. That was back when emerging markets were leading the charge. Over half of global stocks (1573 out of 3042) are more than 20% off thei...
The calendar should be arbitrary and have no significance to markets, but it does affect them because of the way money works. For example, money usually comes into markets at the beginning of the month. At the end of the quarter, money managers try to “window dress” by buying the winners of the past three months. There is low volume at the end and the beginning of the year. The best winners of the year usually do well in December and poorly in January. Many investors hold big winners into the following year to delay tax payments. This is only part of the story as to why 2021 has already b...