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Tactical Approach: Expanding the Fixed Income Universe
WHITE PAPER August 2017 Client-Centric Investing: Utilizing A Tactical Approach to Expand the Fixed income Universe Macro Thesis At RPg, we have always defined risk as how much an investor is willing to lose in a short period of time (maximum drawdown) before they are unwilling to stick with their long-term plan. Moreover, we think…
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REOPENING THE ECONOMY: The Battle Between Science, Economics and Politics
SPECIAL MARKET COMMENTARY April 23, 2020 REOPENING THE ECONOMY The Battle between Science, Economics and Politics We are hearing a dizzying array of facts and opinions about the threat of the Covid-19 Virus (Virus) and how that should factor into reopening the economy. We will attempt to set forth herein a summary of information we…
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Weekly Commentary October 9, 2020
OVERVIEW The week started out with a bang from Monday’s release of the September ISM Services Index which had another strong reading higher than August’s; more importantly, an indicator of future business activity moved up to an even stronger reading. Jobs data made further improvements while housing continued its strength with Mortgage Applications up 21%…
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Market Commentary January 2021
OVERVIEW The move into more peaceful political times came to an abrupt end with the January 6th storming of the Capitol by protesters challenging the election results. Then, two weeks later, on inauguration day, President Biden signed a record number of executive orders seeking to rollback former President Trump’s initiatives, in particular on energy and…
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Market Commentary May 2021
OVERVIEW The “trade rotation” that began 3/12/21 continued in April. This is certain major vested interests trying to reverse the significant underperformance, that began in October 2020, of the S&P 500 (primarily Large Cap Growth stocks) and US Aggregate Bonds (Interest Bonds) against other equity and bond asset classes. The trade rotation requires undoing the…
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Weekly Commentary June 4, 2921
OVERVIEW The S&P 500 gyrated around during the week, trying to parse every sign as to whether the Fed might begin to cut back on its bond buying and start talking about when it might begin to raise rates. This hyper focus is out of concern for rising interest rates, which would hurt US Large…
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Market Commentary April 2021
OVERVIEW The “trade rotation” that began 3/12/21 continued in April. This is certain major vested interests trying to reverse the significant underperformance, that began in October 2020, of the S&P 500 (primarily Large Cap Growth stocks) and US Aggregate Bonds (Interest Bonds) against other equity and bond asset classes. The trade rotation requires undoing the…
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Weekly Commentary May 21, 2021
OVERVIEW While the stock market ended the week with only fractional gains and losses, it was anything but a fractional week of action. The first three days saw substantial declines followed by the last two days of substantial rallies. The market is see sawing between risks of higher inflation from a strong economy with a…
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Weekly Commentary April 23, 2021
Weekly Commentary Week ending April 23, 2021 OVERVIEW The pundits offered a plethora of excuses to explain a stock market that continues searching for new leadership. Has the economy peaked? Are the big increases in corporate earnings already priced into stocks? Will the Fed be forced to raise rates sooner rather than later? As a…
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The Race to Herd Immunity
OVERVIEW The main street and social media have attacked the concept of “herd immunity” as a “strategy” for combating Covid-19. They describe the strategy as one which just lets everyone get infected and whoever dies, dies (Washington Post, NY Times re: the August 2020 appointment of Dr. Scott Atlas to the WHTF), (Dr. Jay Bhattacharay,…
