Active Alts Focused Momentum +79.60% in 2020

By John Del Vecchio and Brad Lamensdorf 2020 was an exceptional year for expensive stocks! A fascinating research piece produced by GMO (managers of $60 billion +) highlighted that in 2020, value stocks returned their worst 12-month performance in history. What’s more, the spread between value stocks and the market is at a historical gap….


Money for Nothing but the Risks are Not Free

By John Del Vecchio and Brad Lamensdorf The masses are at it again! As the market climbs higher, investors are borrowing more and more on margin to pad their gains.  Greed is in full force. Take a look at this chart, courtesy of Advisor Perspectives, that shows investor credit balances since 1995. Negative balances are…