From the Investment Team

Read the latest research and insights produced in house by our Investment Team
Subscribe to updates...

Latest Podcast:

Latest commentary:

June 4, 2023
Theme or Meme?

While it’s understandable that investors may get excited about future prospects of new industries and business models, that enthusiasm may need to be tempered when it comes to the associated investment cases. Early investors may see substantial gains from the immense risks they took on when potentially grand success was merely imagined. But even later […]

Read More
May 3, 2023
A Market of Contradictions

It’s not rare that we sit scratching our heads at obvious contradictions expressed by investment markets. But that generally is not because obviously opposing opinions are surprising. After all, any individual trade requires that the buyer and seller have opposite opinions on whether to hold a particular security. That’s not a paradox…it’s a market. But […]

Read More
March 30, 2023
Good and Bad of Yields Up

Over the four-plus decades since Americans last braced against a high-inflation environment, investors have seen interest rates sink to fresh lows and rise to lower peaks with each successive economic cycle. Rates are well off recent depths on account of ongoing efforts to ease upward price pressures, bringing positive and negative impacts along with: Listen […]

Read More
March 13, 2023
Market Update: The Fed Intervenes to Stem Crisis

The failures of Silicon Valley Bank and Signature Bank over the weekend brought to life the notion that the Federal Reserve’s efforts to combat inflation would have knock-on effects for investment scenarios that had been dependent on a lower interest rate environment. But the Fed, along with the U.S. Treasury, took quick action to ensure […]

Read More
February 4, 2023
Thinking About Change

In recent months we’ve sought to highlight the notion that investment markets are forward-looking, meaning that they tend to reflect aggregate investor views as to where global economies and the countries and companies that operate within them are heading, rather than where they’ve been. But what does that mean, exactly? Another Look at Inflation Where […]

Read More
January 9, 2023
The Reminders of 2022

Last month we spoke to the relatively rare occasions that U.S. stock markets failed to show a gain by year’s end. The stark decline and the several failed attempts at a rebound in stocks last year were reminders that markets don’t always go up. Minimally, then, market activity in 2022 highlighted the “you lose” side […]

Read More
100 Bayview Circle
Suite 100, Room 44
Newport Beach, CA 92660
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram