For conservative investors seeking protection of principal, FPA New Income Fund (FPNIX) should be on the top of the list. Think back to the dark days of the last financial crisis. Some bond and fixed income prices were being hammered along with equity prices. FPA New Income, on the other hand, was doing its job…
“It’s in literature that true life can be found. It’s under the mask of fiction that you can tell the truth.” – Gao Xingjian Sometimes, all you need is the turn of the calendar for stock market dynamics to dramatically change. Anyone vaguely aware of market movement this past week is seeing this first hand. …
QUESTION: I want to share a true story with you. My father as a young boy in Greece saw what gold did for his family. My grandfather in Greece in the late 30′s and 40′s saw the rapid devaluation happening to the drachma. English sovereigns were plentiful there at the time as a sort of duo currency. As you…
by Michael Haltman The price of crude oil is currently one of the big news stories that both financial market AND geopolitical analysts are paying close attention to! Where is the bottom in the price of crude oil, when will it arrive, what message is the sharp and steep decline telling us and what if any impact…
Quantitative Forecast Academic studies have shown that the most reliable way to determine future price movements from past price movements, is by use of momentum. In the Forex market, a momentum study is best applied to the four major Forex currency pairs by simply checking whether the weekly close is above or below the weekly close 13 weeks…
Conventional wisdom would say that everyone in the oil patch is taking a mighty beating right now. But some are hurting much more than others… Indeed, while oil company shares have been plummeting, the eventual consequences of this engineered collapse will come home to roost at the doorstep of the perpetrators: OPEC. The…
One of the conventionally accepted reasons for the unprecedented hedge fund underperformance in 2014 was that the vast majority of the “smart money” left 2013 and entered 2014, just as the 10Y looked set to decisively break out above 3%, long equities, expressed primarily via the Nikkei which went nowhere for most of the year until in November…
After six years of a mostly uninterrupted bull market, some would say that U.S. stocks are currently priced to deliver lackluster returns in the times ahead. However, equities have been displaying solid fundamentals backed by a strongly rebounding economy, which may point to a good year for stocks in 2015. Last year was marked by…
Last week’s wild trading defied any simple explanation. That always sets the table for pundit pontification! We are still a week away from earnings season. Bond, stock and commodity prices are moving in different directions. I expect this divergence to be a focus of attention, with many asking: Is the Bond Market Sending a Message about…
The Euro has not had the strongest of starts to 2015 with the currency falling from 1.2088 to the Dollar to stand at 1.1815 having been as low as 1.1763 on Thursday. There appear to be two or three reasons underlying the current weakness of the single currency. The specter of fresh Greek crisis is now center…
