Market View October 2016: A Disliked Bull Market
To say the stock market is disliked is an understatement. Investors have withdrawn money from actively managed mutual funds for over 18 months. Yet the picture is relatively positive
Frank Beck is the President and Chief Investment Officer at Beck Capital Management, an investment management firm based in Austin, Texas.
WisdomTree Australia Debt ETF Loses Nearly 90% Of Assets In One Day
Last week the WisdomTree Australia Debt ETF (AUNZ) lost 88% of its assets in one day. Franklin/Templeton, the $21 billion manager of mutual and other investment funds decided to liquidate its entire position in AUNZ, leaving a paltry $19 million left in the ETF.
BREXIT Not The Calamity Many Predicted – Just As We Thought
The economic numbers out of the UK this week shocked many in the press. The numbers were positive. We are not surprised. We are also not surprised that the UK has not yet begun the formal process for BREXIT. In our notes of July 16 we wrote that a vote by the UK to leave the EU…
Market View July 2016: Brexit – The U.K. votes to leave the European Union
For the U.S stock market, we believe the volatility driven by Brexit will be short-lived. We suspect that in a year or two we will look back and wonder what the fuss was all about. We are even more confident in five years that will indeed be the case.
Bonds Are A “Return-free Risk”
We continue to view the bond market as a “return-free risk”. It is a very crowded trade, as institutions and individuals have fled what they perceive as riskier equity assets, for what they believe is solid income generated by bonds. Yet, with yields as low as they are today, it only takes a small move down in bond prices to wipe out…
Market View April 2016: 2nd Quarter Outlook
The stock market started off the year exceptionally weak, with all major market indexes down double digit percentages going into the low on February 11. We believe much of the weakness was due to selling by foreign sovereign wealth funds, where the related country’s fiscal budget is heavily affected by the price of crude oil.
New Study Emphasizes Importance of Conducting Background Check on Financial Advisers
There’s a phrase no one wants to read in a sweeping report about the financial advisers who handle their savings: economy-wide misconduct. A new working paper by business school professors at the University of Chicago and University of Minnesota found that 7 percent of financial advisers have been disciplined for misconduct that ranges from putting clients in…
Market View January 2016
2015 is now in the books and hopefully the year was personally more rewarding than what the stock markets provided. Markets around the world were down in 2015; many had double digit losses. The NYSE Composite Index was down 6.4% for the year. The beginning of 2016 has not been rewarding either. In fact, the…
It’s Time To Protect Our Oil Industry From Saudi Attack
Most of the world’s oil production is controlled by state-run and/or state-owned enterprises. National oil company production policy is dictated by oil ministers of various OPEC and non-OPEC oil producers, with only the U.S. producers at a disadvantage in a not-so-free market. It is time for our government to recognize the vital national security role…
China’s Growth Slowing For All The Right Reasons
China’s growth may be slowing, but it’s for all the right reasons. U.S stocks on Thursday kicked off the start of October with losses, after nosediving last month as investors worried about slowing growth in China. True, the growth rate of the world’s second largest economy has declined from over 10% in past years to…
Frank Beck On KVUE-TV Austin – August 24, 2015
On Monday, August 24 the Dow Industrials closed down 588 points on fears over the effect of recent Chinese currency devaluation. Unlike many on Wall Street, Frank Beck saw the market’s decline as a very attractive buying opportunity. Watch the video for his comments on KVUE-TV.
Market View July 2015: Greece & the US Economic Outlook
INDEPENDENCE DAY We at hope everyone had a great 4th of July weekend, celebrating the United States Independence. We would like to thank everyone who served in one of our military branches, helping maintain our freedom. The United States is the home of the free, because of the brave. GREECE Greece has been in the spotlight…