We can do better than this: Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character Equation (ICE) | S + R = O IMPORTANT DISCLOSURE INFORMATION Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that
@HedgeyeDDale “Remember, most investors’ conviction levels are most highly correlated with the quality of the narratives they’ve concocted in their head, rather than the rising or falling probabilities of fundamental outcomes.” Follow Facts/Math Not Narratives/Feelings Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character Equation (ICE) | S + R = O IMPORTANT DISCLOSURE
Strange actions are afoot again in the bond market. Per Barron’s: Case in point: the return of particularly speculative paper called payment-in-kind, or PIK, securities. Instead of paying interest in cash, the borrower simply issues more debt to the investor. During the crazy days of the mortgage bubble that led to the financial crisis, home
“Stock markets are strongest when they are broad, and weakest when they are narrow.” ~Bob Farrell Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character Equation (ICE) | S + R = O IMPORTANT DISCLOSURE INFORMATIONPlease remember that past performance may not be indicative of future results. Different types of investments involve varying degrees
Central Banks providing liquidity is nothing new. The Chart of the Day outlines the 12-month Rate of Change dating back to 1969. As you can see over the past 12 months the Fed provided the largest liquidity boost in history. Result? All Time Highs. Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character Equation