Tag Archives: Portfolio Strategy

What to Buy….

Earnings season is once again upon us. The S&P 500 is at all time highs and developed market investment grade bond yields are at all time lows.

And it seems as if everyone is complaining and no one knows what to do…

Here’s what you do: you buy strength and you buy the future.

This means buying stocks that keep growing their revenues and increasing their profits. This means looking at the relative merits of asset classes and understanding that five years from now you will have been better off holding blue chip stocks than sacrificing quality and increasing duration on bonds in order to chase ridiculously low yields.

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David Rosenberg on Yellen’s ‘Uncertainty’

In this link, eminent economist and market strategist David Rosenberg highlights many of the issues that are currently contributing to ‘uncertainty’ in world markets:

David Rosenberg on Yellen’s ‘Uncertainty’

For the sake of clarity, ‘uncertainty’ generally means ‘pessimism’ when used by economists. However, they should not be confused as one and the same thing.

Rosenberg lists off a number of topics that contribute to a sentiment of pessimism. Unfortunately, his argument is far too one-sided. He concludes his diatribe as follows:

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