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 strongest. (See chart.)

Blac...

Should you put your money in stocks or real estate has been the question of generations but there should by now be enough evidence to point us toward an answer. Keep in mind that basic principals of keeping your investments diversified, understanding investing tax cons...

The World Bank’s 2019 annual report summarizes the continued struggle with its mission on ending extreme poverty while remaining optimistic and diligent in a few key areas. Their mission is “to advance shared prosperity and end extreme poverty” and they plan to do this...

Not so exciting to day-traders is the rationale for why time invested surmounts all other trading strategies. Calendar year returns define the bonus size of portfolio managers and sends the wrong message to investors who have decade(s) of time on their side to implemen...

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 policy and interes...

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 Market Technician for P...

After a rough couple of weeks in the equity markets, it was easy to forget that we recently reached new highs in the S&P 500 and the chance for a major correction remained low. Nevertheless, novice investors got spooked due to the “inverted yield-curve” news and height...

Two of three floors in a building in Chelsea, Manhattan, there are standing desks, dogs, and cold brew on tap. This is Betterment HQ, the home of the startup that is taking on the Wall Street old guard. They are also my technology partner, back-office, and custodian fo...

It’s common to hear that we’re “overdue” for a recession. 11 years after the Great Financial Crisis, we’ve only seen double-digit growth in most years, and an eager willingness to conform to this sense of false reality. Now, suddenly, news breaks out that global growth...

Last week, it was a former Amazon employee and self-proclaimed “hacker” from Seattle, WA. that broke through the steel barrier of the third-largest credit card issuer, Capital One, which exposed 105m peoples’ financial and personal data. Last year, the Equifax security...