Not to get off track from the task at hand, but the best part of the Oscar’s last night was the commercial for Modern Family.
Don’t look now but one of the best performing assets classes in the month of February has been municipal bonds.
One of the issues we have seen with this incessant market grind higher is with low quality stocks outperforming.
I was not wishing for a day like Tuesday; however, these types of market events allow us in real-time to stress test our portfolio construction and risk management process.
Don’t Look Now, But Markets Are Making An Ominous “Three Peaks And A Domed House” Formation.