A New Age of Uncertainty
Donald J. Trump will take the oath of office Friday, January 20. This fact is disorienting for many but viewed as promising by others. Trump’s election is part of the larger picture, that we live
Emotion Trumps Rationality
As Ben Graham said, ‘In the short-run the market is a voting machine—reflecting a voter-registration test that requires only money, not intelligence or emotional stability—but in the long-run the market is a weighting machine.’ Warren
The “Change Election” and its Investment Implications
Last week the US stock market had its best week since 2014, after an election result that almost nobody saw coming. The Dow Jones Industrials rose about 5% for the week. At the week’s beginning,
The State of Nashville’s Real Estate Market
This week I attended an in-depth panel discussion on the state of the Nashville real estate market. On the panel were leading developers, brokers and lenders who discussed trends they are seeing. This week we
Prepare for Volatility to Pick Up
When I vacation to my happy place—The Grand Tetons and Yellowstone National Park—the market usually misbehaves. Last year, the S&P 500 fell more than 10% in just four trading days, only to finish up 0.9%
What is the market most worried about
concerning this election?
Greg Valliere, a leading consultant on how federal policies affect markets and personal finances, shared his insights with a small group of investment advisers last week in Nashville. He called this election the nastiest election