Charts of the Day: Embracing (as an investor) Globalization!

In my June 3rd blog post I suggested that Western investors would be ill-advised to ignore China's Belt and Road Initiative.

Quotes of the Day: Stockman Strikes Again -- Or, Perhaps -- Stockman Strikes Out Again (time will tell)

David Stockman -- a man who has leveraged his tenure with the Reagan administration to the absolute hilt -- has a warning for all investors:

"This is one of the most dangerous market environments we've ever been in. It's the calm before a gigantic, horrendous storm that I don't think is too far down the road."

Chart of the Day: Financial Sector Breadth

The financial sector -- our presently highest target weighting -- seems to be finding its legs.

This Week's Message: The Fed's Green Light -- And Its Implications

In last week's message I shared an email conversation where I suggested that despite present yield spreads denoting a low financial risk environment (essentially paving the road to higher interest rates), folks were nonetheless willing to buy bonds. Here's that part:

How to Sleep Well Amid Uncertainty

As the market traverses present-day domestic politics, geopolitics, central bankers, corporate earnings and economics, it's incumbent upon you (the investor) and us (the investment counselors) to keep our thinking above the fray.

That the-market's-gotta-come-down-because-it's-at-an-all-time-high attitude...

Last year, when the S&P 500 moved into all-time high territory with momentum, a trader friend or two asked for my view on what to short. It wasn't "if" to short, it was literally "what" to short. The sentiment there was that the market surely couldn't sustain that level and, therefore, virtually had to come crashing down. Since the data we track suggested otherwise, I had nothing to offer in response.

This Week's Video: Putting Recent Volatility Into Context

Once playing, click the icon in the lower right corner for full screen. Focus should occur after a few seconds; if not, click the wheel to the left of the YouTube icon to adjust: