This Update focuses on how various Markets discount information, as well as current investor sentiment and what that might imply in the short-term.  We also discuss portfolio management strategy. The last few weeks have been all negative for the...

Right now, the average investor’s appetite for risk appears to be low.  According to Canterbury’s risk-adjusted rankings, the top two sectors are Utilities and Energy (which combine for 7.7% of the S&P 500’s market cap), while the bottom two sectors...

The title of last week’s update was “Markets will Fluctuate, That is a Fact.”  Heading into last week, the S&P 500 had fluctuated down, to the tune of about -9% from the mid-August peak.  This move had occurred over 15 trading days.  Last...

Markets will fluctuate, that is a fact.  Different market environments will experience different levels of fluctuations, called volatility.  In a low volatility bull market, you are more likely to experience marginal fluctuations that might...

The S&P 500 declined -3.37% on Friday.  After a +17% rally from the index’s low point in June, through mid-August, volatility reared its ugly head and brought the total number of outlier days (a trading day beyond +/-1.5%) in 2022 to 52, out of 164...