American consumers are confronting a new reality– product shortages and rising prices. To shed some light on current conditions and how we ended up in this circumstance, I reached out to my nephew Luke Doremus. Luke has spent his entire career in the shipping industry and is now Director of Sales for Ports America, the […]
Anne Doremus
Getting in on the Game…
Originally crypto exchanges were known as a good place for bad actors to transfer funds anonymously. But the market has evolved since 2010 when Bitcoin, the most prominent digital currency, was first introduced. In its recently released 2021 State of U.S. Crypto Report, exchange provider Gemini found that just over 21 million adults or about […]
The Enduring Power of Storytelling…
When first introduced over 40 years ago, passive mutual funds were designed to provide a low-cost way to mimic the returns of market indices like the S&P 500. Exchange Traded Funds (ETFs) improved on this concept by allowing investors to buy and sell their holdings throughout the day. Thematic ETFs are the latest iteration of […]
Curing Range Anxiety…
Electric vehicles (EV) are all the rage in the investment world today. For proof look no further than the meteoric rise in the shares of EV star Tesla or any number of new EV share listings. This share price action is not unfounded – EV adoption rates around the globe are accelerating. But in the […]
On The Hunt For Value…
As professional money managers, we are constantly on the lookout for undervalued sectors of the market. This is no easy task today as unprecedented amounts of fiscal and monetary stimulus have caused prices to soar across a wide range of financial assets. Still, as the most recent GameStop folly revealed, investors’ emotional tendency toward fear […]
“It’s not what we don’t know that gets us in trouble. It’s what we know for sure that just ain’t so.” Mark Twain
Annual stock market forecasts have a pretty poor track record. For proof, consider last year. At the end of 2019, the median consensus on Wall Street was that the S&P 500 would rise 2.7% in 2020. In April, after the market’s pandemic related plunge, a Bloomberg survey showed forecasters predicting that the S&P 500 would […]
A Look into a Post-Covid World…
The pandemic struck at the core of one of the most basic of all human activities – personal interactions. Fortunately, the technology industry has launched a range of solutions aimed at helping fill the void. In healthcare, telemedicine has allowed providers to continue offering care to thousands of patients. Delivery apps are helping grocery stores […]
It’s Not Just About Who Sits in the Oval Office…
The stock market has a knack for proving investors wrong and this year is no exception. How, many of our clients have asked, can the market continue to advance in the face of such extreme electoral turmoil? The thinking here is not entirely off-base. Presidents wield tremendous influence over the fiscal and regulatory policies that […]
History Does Not Repeat Itself. Man Always Does. – Voltaire…
A quick search on Amazon reveals no fewer than 416 entries on Investor Psychology. These titles cover the range – everything from how to day trade for a living to academically focused studies of investor behavior. Morgan Housel’s just released book, The Psychology of Money, is a welcome change from most books on the subject. […]
The Evolution of Energy Markets…
Over most of the last 60 years, oil company holdings were considered a core part of every diversified equity portfolio. While economically sensitive, the general upward trend in global energy consumption meant investors could count on earnings growth to support higher share prices and a steady flow of above average dividends over time. Savvy investors […]
Where Do We Stand, and Will it be Enough?…
All hopes are pinned these days on the approval of a coronavirus vaccine. But exactly how long is it likely to take to get a vaccine and, once we do get one, will it be effective? According to the World Health Organization, there are now 140 vaccine candidates in pre-clinical stage and 23 under clinical […]
What We Have Been Reading During Lockdown…
Under normal circumstances, I am a devoted newshound. While I love the old school print versions, my daily reads also include any number of online websites and blogs. During the recent period of COVID-driven isolation my news consumption has escalated. It turns out that my irresistible urge to stay current is not unusual. Global Web […]
