When I was studying and training to get my degree in chemical engineering, the process of decision making was quite “yes or no”. Learn the rules of the physical world and then apply them. Learn how molecules combine and separate. Learn how mass and energy get transferred from place to place. Learn what is economical…
Just some quick thoughts today! The S&P 500 has managed what, at this stage, can be called a bear market rally of between 9% and 10%, including a 6.6% pop the last week of May. Many traders and investors are longing for the historically rapid push we saw after the March 2020 lows: An analyst’s…
The broader U.S. markets sold off earlier this week into bear market territory. I’ve been overwhelmed by how negative everyone has been about this decline – and not only the media. Just recently the American Association of Individual Investors Bull/Bear spread hit its worst level since 2009 with the bullish component at an amazing 30-year…
More than two decades ago, Van introduced me to the concept of “parts” of our personality—roles that compete for our attention and influence over our decision-making. If you’re not familiar with that concept, this is a psychological construct that I’ve found quite helpful for understanding how we make decisions. You may have a safety part,…
Through the years (okay, decades) I had the joy and pleasure of teaching many classes with Van. Even though he was a mentor to me early in my transition from chemical engineering to the financial markets, he and I always had the type of relationship where conversations could range from deep intellectual or spiritual discussions…
My guess is that many people reading today’s article haven’t before experienced inflation in the way that it’s showing up now—as higher prices for regular stuff you buy. And if the stuff you buy is a home or a car, those prices are not higher, they are a whole lot higher. Same for gasoline or lots of…
I’m really excited for spring to come to my home state of Delaware here on the east coast of the U.S. But after one warm spell last week, we’ve been hit with chilly weather and even had frost warnings over the last couple of nights. Despite the short-term weather, my backyard is starting to come…
“If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it’s coming in, it’ll never happen. The market is always right.” —Market Wizard, Ed Seykota After the…
The magnitude of day-to-day and intraday market moves is a bit mind-blowing at the moment. Yesterday (Wednesday, April 6, 2022) gave us a great case in point. Microsoft (MSFT), which has been the on-again/off-again market capitalization champion over the last 23 years (more on that below), got slammed. And so did the rest of Big…
By the time you read this, the Federal Open Market Committee (FOMC) is almost a lock to have raised interest rates for the first time since my dad’s birthday in 2018 (that’s December 19th, for those of you who don’t know him well). I said that it is almost a lock that we get a…
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