The Many Market Narratives

Monday, November 25th, 2019 By: Jim Callahan, CFA

Nobel laureate Robert Shiller recently stated, “No one can speak authoritatively about the future.  That’s where narratives come into play.” As we enter the final month of the decade (!), we find the stock market bumping up against all-time highs despite the trade war, violence in Hong Kong, and a presidential impeachment trial.  It seems […] More ›


Don’t Get Spooked

Monday, October 7th, 2019 By: Jim Callahan, CFA

October contains some of the worst daily declines in stock market history. But a broader perspective shows that October generates some of the better returns on average. Be informed, stay invested, and don’t get spooked! More ›


Riding the Rollercoaster

Thursday, August 4th, 2016

With the benefit of hindsight, we can see it would have been a bad idea to sell stock holdings after the Brexit vote. You would have locked in a 5% to 10% loss in a market that eventually trended upward to record highs. The same was true in the aftermath of the World Court’s decision […] More ›


Welcome to Brexit

Friday, June 24th, 2016

“The endless threats about trade deals and GDP per capita from the EU…, instead of cowing the British people, seem merely to have excited their bloody-mindedness. They recognize that they might indeed take a short-term financial hit, but there are some things more important than money.” Andrew Roberts, British historian, in his Bradley Prize speech […] More ›