Market Recap: Stocks climbed higher in October with the S&P 500 finishing the month up 2.27%. That’s now six straight months of gains heading into what’s historically been a strong time of the year for equities. However, market breadth, meaning the percentage of stocks participating in the advance, is weakening. Less than 60% of S&P Read More
Category: Investing With the Trends
Lessons from a Lost Decade
In my last post titled Disciplined Investing, I wrote about the importance of having a well-defined investment approach. Such an approach must be rules based and robust. The importance of discipline, consistency, and clarity is paramount in preventing oneself from making emotion-based decisions. A disciplined investment approach becomes particularly important when uncertainty and volatility dominate Read More
Market Update: First Half of September
Market Recap: Equities continued to rally in early September as investors anticipate a Fed rate cut. The S&P 500 pushed higher with momentum still concentrated in the large-cap technology stocks. However, breadth improved slightly as other sectors joined in the advance. At the same time, commodities and metals continued their upward trend. What We’re Watching: Read More
Market Update August 2025
Market Recap: The market ended August on a calmer note. The S&P 500 touched new all-time highs, yet those gains were driven by a shrinking group of very large technology companies. In other words, fewer stocks are responsible for pushing the market higher which can be a sign of fragility beneath the surface. Inflation data Read More
What is Diversification?
With the stock market at all-time highs, concentration has reached extreme levels. The top ten companies make up 40% of the S&P 500, with Nvidia and Microsoft accounting for 15% alone. Technology now represents 34% of the index, higher than at the peak of the dot-com bubble. Outside of the top ten, the other 490 Read More