Elaboration
June 27, 2022 Good morning, I promised elaboration for this morning’s note. A review of the construction of the taxable, liquid portions of client portfolios is overdue. Like most professions, investment management is full of jargon. I attempt plain speak in my morning notes but am often reminded, especially by newer readers, that I come […]
Calming Down for the Moment?
June 24, 2022 Good morning, It feels like financial markets are finally prepared to exhale and calm down a little – daily swings this week have narrowed and the VIX has drifted down below 30 (and below its moving averages: 10, 20, 30 and even 40 day). Short term sentiment signals, while not yet at […]