Misclassification Summer is quickly approaching Southern California. As many of you have felt in the past few days, it’s getting hot. I live in south Orange County and it was almost 100 degrees in my neighborhood this week. My air conditioning has been running non-stop. With two children and wife at home all day,
Volatility: In the Eye of the Beholder Wall Street always likes to use fancy terms and phrases to complicate things. Liquidity, volatility and standard deviation just to name a few. Many of us know their technical definitions, but what do those terms really mean? Let’s start with volatility, one of the most overused phrases
Markets across the globe continued to be volatile this week. The VIX volatility index has quietly creeped above thirty again. It should be no surprise given the continued negative data coming from all corners of the world. This week, the Labor Department reported that nearly another three million workers filed for unemployment claims, bringing
April was an impressive month for equity markets. It’s hard to imagine just a month ago, we were still reeling from the sharpest market decline in modern Wall Street history. March was rough. In less than a month, about 1 million Americans lost their jobs* and the market had lost over a third of
Oil prices made headlines on Monday. How could the price of oil be negative? Wasn’t there some economic value still left in oil? We still use it almost every day! Almost all of us still use it to fill our cars and trucks!! Oil markets were still reeling from the last price war
Four times a year, shortly after the end of every quarter, we enter into the Wall Street earning season. Companies give us a glimpse into their business for the last three months, and an update on on their projections for the future. “Earnings” is a fancy word for profits. “Earnings Season” is just “Profit
It’s never fun giving clients an update on the market and their investment portfolios following a rough quarter. It’s definitely rougher to give this update after the quarter we just had. As many of you probably already know, we set a lot of records last quarter. Fastest market correction in history. Worst quarter since
How’s everybody feeling? We’re now in week two of the quarantine and social distancing. However, it feels like it's been six months. Despite all the negativity surfacing through the headlines, there have been some positive developments as of late. First and foremost, most grocery stores are re-stocked with toilet paper and you can buy
Stocks are falling faster than they did during the financial crisis, the crash of 1987 or the Great Depression. Investors are retreating from corporate bonds at the swiftest pace ever. Our Chief Investment Officer commented on the swings in stocks: “'It is jarring,' he said. 'It’s not like it’s down
As many of you read this, I’m sure you are coming to the reality that Orange County and the rest of America is quickly coming to a halt. America seems to be following the same pattern that has crippled the Chinese, Italians, French, and so many others. The idea of being on a lockdown
