There’s a Lot Riding on the Current Regime Change

Regime changes are hard. Take, for instance, the current regime change from disinflation and falling rates to inflation and rising rates. As the previous regime lasted for over 40 years, there is a generation of investors who know nothing other than that experience. What makes regime changes difficult is that it requires investors to “unlearn”…

Read More

Most Investors Aren’t Prepared for What Comes Next

Thus far 2022 is giving investors very few places to hide… Friday’s free-fall capped the worst month for the S&P 500 since the COVID crash in 2020 and the NASDAQ just experienced its worst month since 2008.  There are 10 index charts here – pick one, any one – not one of them is in…

Read More