In this article we are going to discuss our outlook on the 2023 bond market and the key dynamics in play. How does the change in yields to maturity impact the expected returns of bonds in the next 12 months? The yield to maturity is the average annual yield of the bond until it becomes…

It has certainly been a rough year in the market.  In fact, the first six months of 2022 was the worst start to the year for both stocks and bonds in decades. We believe that when markets fall, good opportunities may avail – this time in the bond market.2022 Market ReviewThe S&P 500 has fallen…

A minor news item that one may have missed is that El Salvador’s new president, Nayib Bukele, announced (by video link to the 12,000 attendees of Miami’s Bitcoin 2021 conference) that his country would make bitcoin legal tender. The country plans to introduce legislation to make it the first sovereign nation to adopt bitcoin as…

Alot of you have asked about inflation. And the economists will say there really isn’t inflation because even though the government is printing money, the banks are not lending so you don’t have the multiplier effect. But let’s face it there is a recovery and there is supply side inflation – think about some of…

President Biden recently launched his ambitious $2 trillion infrastructure plan. Prior to this announcement, the financial media teemed with suggestions about which companies were poised to benefit from this spending within the infrastructure space. However, on the day of the President announcing the program, the market hardly budged. It appears that the plan was already…

In this article, we will discuss pandemic recovery stock trends. Markets started 2021 off strongly, with a continuation of the Corona-related “work and play at home” themes that have dominated since March 2020. Since mid-February however, they have cooled off somewhat and we are seeing a more range-bound environment, albeit with formerly out-of-favor stocks playing…

Exchange traded funds have become more popular over the years at the expense of mutual funds. Unlike mutual funds that trade once a day, exchange traded funds trade like stocks, and are essentially baskets of stocks, bonds, or other assets. They are also more tax efficient than mutual funds, as investors only pay capital gains…

The financial news this last week has been dominated by the short squeeze activities in stocks such as GameStop, AMC Entertainment, Bed Bath & Beyond, and Blackberry. Retail investors are aggressively buying options on these and other stocks which have been shorted in large volume by hedge fund managers. It’s billed as a David versus…

Growing up in South Africa during the apartheid years has made the issue of equality regardless of race, gender or sexual orientation, important to me.  The events in DC this week remind me of 1994 South Africa, where Nelson Mandela went on to win the first free one-person one-vote elections. There was fear that white extremists…

In this blog we will discuss how COVID-19 impacted 2020 stock market trends, and the issues surrounding the question of whether the vaccine is likely to reverse pandemic stock market trends in 2021.

In this blog we will discuss our thoughts on investing in anticipation of the COVID-19 vaccine given the changes in US stock market.