Energy is the lifeblood of everything in the universe. We leaped out of the dark ages by harnessing the power of stored energy in the form of burning wood, then coal, and rocketed forward with the use of gasoline and other fossil fuels to power our energy needs. We simply [...]
It’s been about 15 years now since we had our last true recession. Last year nearly everyone, including yours truly, expected a recession to take hold by spring of this year. As it goes with most things with the stock market, when most people expect something, it usually does the [...]
In behavioral psychology there is a principle called risk aversion theory. The concept states the human mind has a naturally tendency to feel the pain of losses more than the pleasure of gains. For many investors who saw their accounts drop by more than 20% in 2022 they are probably [...]
The late great baseball legend, Yogi Berra, is credited with this quotation: It is tough to make predictions, especially about the future! If there were a perfect field for applying this, investing must be it. Our viewpoint (and that of our favorite economists at First Trust Advisors, LP) remains that [...]
For decades, commentators on the Federal Reserve Board (the Fed) have referred to the action of raising federal funds interest rates as taking away the punch bowl at the party. After finally arousing from sleep after the inflation fire was already getting out of control, Fed Chair Jerome Powell has [...]
Would you agree that most investors are glad to see 2022 in the rearview mirror? Even when one obtains better results than the market in a downtrend, the general feeling is still painful. The drop represents real dollars lost from accounts of real people, even if only for a year [...]
At Stewardship Capital we recently celebrated our 25th anniversary in business. Before 1997, the idea of an independent advisor actively managing the portfolios of clients who were not high-net-worth was quite rare. (Honestly, in many ways it still is 25 years later.) At that time most individuals invested their money [...]
As often stated, much about investing trends can be related to calendar seasons each year. By November 1, an uptrend of indeterminate length usually begins. Since this year’s market highs came on January 4, such a change in trend could not be more welcome! Today, I will focus upon where [...]
In our modern world, technology has found ways around many scientific laws, for example Newton’s law of gravity was defied when Orville and Wilbert Wright first took to the air at Kitty Hawk. However, while man has found ways to bend some of these laws, they have not actually broken [...]
When I came into the financial services industry 40 years ago, the industry preached to everyone to Buy and Hold investments for the long term. There were several reasons behind this. Before the rate of trade charges collapsed through competition, it cost as much as $300 just to buy or [...]
