Dollar strength is a big deal for expats who rely on income from their portfolio and Social Security benefits, which are based in USD. This was a trying year for the dollar is its index dropped 10% from the March high as the government initiated majo...

It’s hard to describe such a tumultuous year: an increasingly unresolved pandemic, growing unemployment, extreme market volatility (in both directions), with no end in sight. The stock market says clear-skies and no worries, with a climb-back of 45.5...

Market update

US stocks participated in a surprising quick recovery soon after what was thought to be the beginning of a major destabilization. Part in thanks to a massive infusion of Federal Reserve stimulus, the market has already priced in the reco...

There's no guidebook for taking care of your mental health during a pandemic. Being stuck at home with limited access to other human beings can be stressful for most people, especially if this is going to be a long-term reality. Fortunately, there ar...

There’s a bleak case to be made about investing in this pandemic: massive unemployment, destruction of global demand for goods and services for the foreseeable future, and a human toll of new infections in the 3rd world not even yet calculable. We’ve...

Relative strength is a measure that helps investors evaluate investments relative to the general market. By many standards, we are now in a bear market, however, some equity groups have seen relative strength during the midst of constant and dramatic...

You wouldn’t know it by going to a coffee shop but coffee prices are actually freefalling. In the L.A. coffee shop that I frequent, an espresso costs $4.11, including taxes. I have it in mind to explain to them that the wholesale cost of their coffee...

The SP500 returned 19% in 2017, -6% in 2018, and 29% in 2019. Technically, stocks are likely to continue to rise another 6% to 3,420, which is the symmetrical opposite to the Dec 2018 low. If this high is reached, the risk of a correction is stronges...

Markets are unscathed by geopolitical volatility, more so than usual, as independence protests rock Hong Kong, Lebanon, Spain, and Britain. This illustrates the enormous discontinuity the market has against geopolitics and is a reminder that monetary...

Last weekend I attended the Technical Securities Analysts Association (TSAA) of San Francisco annual conference, hosted by talented money managers that I’ve followed and befriended for the last 10 years. The first presenter, Craig Johnson, Chief Mark...

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