Check the background of this firm on FINRA's BrokerCheck

Weekly Market Commentary

Nothing else much mattered other than the Iran War. Financial markets sold off on wild emotions which were exaggerated by computer programmed trading. That could be seen in the abnormal and contradictory price movements between US Treasuries and Precious Metals. Treasury Yields rose, instead of declining on a flight to safety, in reaction to the spike in the price of oil and the implied inflation fears. Precious Metals should have risen as both a flight to safety and a hedge to the oil inflation fears; instead, they were down substantially. Meanwhile, there was a deluge of economic news. It showed a continuing rebound in manufacturing, a still solid services sector and a robust consumer. Yes, the February Jobs Report was a disappointing, and surprising,... (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

The market volatility masked solid underlying economic data and strong performance from more economically sensitive asset classes. Perhaps most importantly for the economy is a solid rebound in manufacturing while the services sector remains solid, although housing remains lackluster. Overseas, Japan’s new Prime Minister is promising new tax breaks and stepped-up defense and industrial spending and reports from Japan, China and Brazil show no signs of tariff inflation. 

The S&P 500 ended the month at -0.87% with Foreign Developed Markets at 4.23% and Emerging Markets at 5.50%. US Large Cap Growth, home to the AI trade, suffered a continued sell... (click for more)