The big are getting bigger, and the small are being swallowed up
The Most Lopsided Days
The big five are such a large percentage of the market, it hardly matters what the rest of the stocks are doing.
Do Technology Stocks Dominate?
“Technology stocks on balance were more likely to have generated extreme negative than extreme positive decade horizon shareholder returns in the seven decades since 1950.”
These Are the Goods
-Stocks are a video game
-Praying for beta
-Antitrust laws, and more
We’ve Seen This Movie Before
History is rhyming
It’s Either Sadness or Euphoria
The level of bearishness from older folks, given where the market is, is both surprising and completely understandable.
Animal Spirits: Fixed Income in a Low Rate Environment
On today’s show we discuss:
-How to think about bonds that don’t have much yield
-The Fed’s actions in the first quarter
-Some alternatives to treasuries
Smashing
The bar keeps moving higher and these companies keep jumping over them.
What Happens Next?
Do strong returns in the short-term mean revert?
The Permanent Portfolio
Everything is working
