Check the background of this firm on FINRA's BrokerCheck

Weekly Market Commentary

Apparently, the last week of July was an Emily Litella moment (please email us if you remember this character, at the risk of dating yourself!). “Never mind”, that Trump Tariff Tantrum was 6 months out of date. Oh well, back on to optimism and a market rally. Ostensibly, the driver was strong earnings from Microsoft and Meta along with Apple’s commitment to invest an additional $100 billion in its US manufacturing capacity, bringing the total commitment over the next four years to $600 billion. Meanwhile, economic data covering a broad swath of the American economy showed it remaining on a steady trend. Globally, the German economy looks to be poised for an upturn, while China’s upturn slipped back into mild slowdown. The S&P 500 ended the week up 2.43% with....... (click for more)

Benefits of Tactical

CLIENT-CENTRIC INVESTING: 
UTILIZING TACTICAL MANAGERS TO IMPROVE RISK/RETURN

Characteristics of Client Portfolios

The most common method for building multi-asset portfolios is based on Modern Portfolio Theory (MPT). The biggest issue we have with this approach is that it is not aligned with most investors’ view of risk. MPT utilizes a process that seeks an efficient portfolio with a given level of risk measured by return volatility. This misalignment manifests itself when the market is down 36%, and a portfolio is down 33%. In this case, the manager is patted on the back (receives a bonus) for outperforming their benchmark, and the investor is out 1/3 of their investment…  (click for more)

Monthly Market Commentary

It was a busy month for economic data. On balance it showed a steady economy, digesting the unfolding realities of tariffs. Any tariff inflationary pressures still had not shown up in any of the key measurements. However, tariffs took center stage again. Early in the month President Trump made clear that the August 1st deadline was a firm date. In the middle of the month, Trump slapped a 50% tariff on Brazil to discourage what he considered a witch hunt on former Brazilian President Bolsonaro. That sent Brazilian Small Cap Equites down -10.86% for the month. Then in the last week of the month, he unveiled a revised tariff plan for copper from what he announced earlier in the month. That sent copper prices down nearly 20% that day and dragged down..... (click for more)