Rental Properties and Aging
By Mallon FitzPatrick, CFP Seasoned investors who are approaching advanced years may hold significant rental real estate assets as part of their investment portfolio. Given the stock market’s recent volatility, their strategy can make sense, as real estate may offer more stability than other risky assets and can act as an inflation hedge. Rental real […]
Psychologically Dark
May 25, 2022 Good morning, European stocks and U.S. Futures were quiet and largely unchanged overnight and into this morning, right up until China’s Premier Li said his country’s economic difficulties are worse now than in 2020. Global markets dropped about half a percent, and are sitting there now awaiting the opening of our cash […]
More Volatile Days Likely Ahead
May 23, 2022 Good morning, Last Friday was a monthly expiration day for the derivative world, and its common practice to discount the implications a volatile expiration day might portend. That said, equities are starting the week in a positive mood this morning, perhaps to some extent as a follow-through to Friday’s impressive late session […]
Neighborhood Shopping
May 20, 2022 Good morning, Many have referred to the current market as the Great Unwind – paying back the extra ordinary market gains resulting from the massive stimulus over the past two years. There is some good news on the degree-of-Unwind front, specifically the excessive speculation seen in the last cycle. Margin debt has […]
Feel Is Not Real
May 19, 2022 Good morning, Years ago, I changed the cadence of my Morning Notes from every day (M-F) to every other day (M,W,F), adjusted for holidays (T,Th). During periods of elevated Volatility (euphemism for sell-offs), I reverted back to every-day in an effort to possibly calm some emotional fears that are parabolically related to […]
Hard or Soft Landing – Recession or Not
May 18, 2022 Good morning, Macroeconomics: study of the behavior and performance of an economy as a whole. It is one of the four branches of Technical/Quantitative analysis (Fundamental, Technical, Behavioral and Macro). It is the branch that is concerned mostly with Fiscal and Monetary Policy and like all the other branches of T/Q Analysis, there […]
We’ll Need A Few More Fridays
May 16, 2022 Good morning, Over the weekend, China put out some pretty horrible economic figures, confirming that it is hard to grow when you lock down significant parts of your economy. Combine that with a wheat export ban in India and the stagflationary forces from the world’s two most populous countries may be extending […]
Not To Be Trusted
May 13, 2022 Good morning, When market declines get into the double digits, fear becomes the dominant emotion and labeling becomes its supporting wingman. Market parlance labels Bear markets as market declines in excess of 20% and Corrections as anything less. This type of labeling system is not very helpful to market analysis or much else, […]
Mallon FitzPatrick in Financial Planning
Mallon FitzPatrick was featured in Financial Planning discussing “How financial advisors can help clients with retirement by planning early.” Read the full piece here: https://bit.ly/3FDmyQJ
Bounce Rally?
May 11, 2022 Good morning, Futures are up over a percent this morning perhaps front running some key inflation data (CPI) released at 8:30am EDT this morning. The market is indeed oversold but not yet as oversold as it was in March when we got an 11+% snapback rally. Could today’s CPI number be a […]
April 2022 Monthly Letter
Let’s get through the sea of red first, you already know from morning notes that the first 4mo of this year is the worst start of a year since 1939. And as unfair as asymmetry can feel in any area of our lives, it just doesn’t matter that about half of April’s crushing losses all […]
Within Expectations
May 9, 2022 Good morning, For all the market volatility and investor angst produced last week, when the dust settled, the S&P 500 Index was little changed on the week – down 8pts (-0.20%). That isn’t case this morning. From the opening bell in Asia last night and then Europe early this morning, markets (bonds […]