Market Commentary

Bitcoin has bounced back off its lows after getting absolutely smashed earlier this year. After nearly topping  $20,000 in 2017, the price of bitcoin fell back to $7,000 before rebounding to about $11,000. And, wouldn’t you know it, high-flying prices and insane volatility have caught the interest of regulators. That’s a good thing. Wait, wait….

Last week I talked about how the implosion of the short volatility trade was likely not the start of a bear market. However, it is a nasty reminder that stock prices do, in fact, actually go down from time to time. I think that the record lull in market volatility is over for the foreseeable…

We’re only about five weeks into the year and one of my 2018 predictions is already coming true. The thing is, it was an easy one – though it’s always nice to be proven right. I predicted that volatility would rise in 2018 after years of middling action. And rise it did. According to Ned…

Just how powerful is recency bias? Well, the markets finally broke their record streak of days without a 5% or even a 3% pullback. Stocks rallied 40% since the presidential election, and last year the S&P 500 was up every month. We’ve had a years’ worth of unflinchingly high indexes, which meant we had a…

Whew! What a run! It’s been breathtaking to see stocks rocket higher in 2018 with almost no selling pressure. It’s the hottest start in decades, investors are scrambling to catch up, and stock and bond exchange-traded funds have seen average daily inflows of $3.3 billion in the first eight days of trading in 2018. That’s…