Wells Fargo CEO Compensation A “Travesty”
Wells Fargo commits multiple misdeeds yet awards their CEO Tim Sloan a pay raise. To read the full Bloomberg article, click below.
“Goldilocks” Jobs Report Propels Market Gains
The U.S. Department of Labor announced a jobs report today that was viewed by investors as “just right”. Click below to read the comments by Dr. Lewis Spellman, our firm’s Macro-economist.
Special Message To Our Clients: Recent Market Volatility
It has been nice to have 13 consecutive months without a decline in market indexes. We know it is uncomfortable when the market drops. On Monday (2/5/18), we saw the computers trigger heavy selling when the S&P 500 dropped below its 50-day moving average.
The Bitcoin Mania – by Lewis Spellman PhD
In this highly engaging article, Dr. Spellman provides interesting historical context for Bitcoin, a mania he likens to the Tulip Bulb craze in the 1600s. To read his article, click below.
Over 100 Clients & Friends Gather to Hear 2018 Investment Outlook
In late January, we hosted two events in Austin for our clients and friends. We presented our investment themes and forecast for 2018. If you would like to view the presentation, click below.
BITCOIN: A Naysayers View
Bitcoin has no shortage of true believers and naysayers. This InvestorPlace article presents the argument against Bitcoin as a real currency.
New Tax Law: Things To Consider Doing Right Now
The new tax reform law has Americans asking what they should be doing right now to maximize the benefits. Paying next year’s state property tax this year is one thing we suggest clients consider – consult your tax adviser to see if that is right for you.
Investors Very Bearish – One Big Positive Contrary Indicator
Investors are the most bearish they have been since the financial crisis – nearly 7 in 10 think that stocks are over-valued. This is a strong contrary indicator of future market direction.
Winklevoss Says Bitcoin Is Gold 2.0
Bitcoin has been getting a tremendous amount of media attention lately. See our post for an interesting interview with Cameron Winklevoss and a recommendation for a good book on the subject.
Beware Of Rate Risk In Bond Funds
We continue to warn clients about risk to bond funds when interest rates rise. In this article, Morningstar discusses funds that may be especially vulnerable.
TESLA: Cash Burn & Potential Dilution – 2 Reasons Why We’re Cautious
Elon Musk’s TESLA auto company is an enormous success. However, the company is burning cash at a furious pace and may need to dilute shareholders by issuing more stock. These are two reasons why we’re cautious on TESLA stock — Bloomberg clearly lays out the issues in this article…
Greenspan: The REAL Bubble Is In Bonds
For over two years we have been warning of the very elevated risk in bonds. Today former Fed Chairman Alan Greenspan acknowledged this risk.