To Hell and Back

At the end of every year, financial institutions show their crystal balls and make forecasts for next year. Last year at this time, no financial institution foresaw a pandemic causing 300K deaths in US, spiking the unemployment rate to almost 15%, and jittering the financial market not seen since World…

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Post-election World

In last month’s post we talked about the market signal that indicated the high possibility that Joe Biden would win election. It may be not much of a surprise to see the election outcome based on the polls and market signals.  But a blue wave did not come as some…

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Pre-election Month

It’s again the pre-election month! This month historically is not short of drama. It’s not surprising that this year there are even more. However, the financial market seems to already price in some results.   In July, the rise of all the renewable energy index started to accelerate versus S&P500…

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Prepare to see high volatility ahead

We have been sheltered at home for over half a year. I hope you’re keeping your spirits up! I also hope those affected by the smoke cyclone are staying well these days. Bad news not only came from the fire and weather. The stock market finally took a hard-hit last…

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Stock Reversed, Gold Rush still going on

There has been so much going on recently and in July. The coronavirus and the US-Sino relationship take over s our everyday life and thoughts.  The economy is not out of the woods yet, with the unemployment rate still high. However, we see S&P 500 almost regained its previous high…

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Two Parallel Struggles

I bet you had a very special 4th of July, without any parties, picnics, or watching spectacular fireworks with crowds. However, we have a long vacation with more time to share with families, and for me, more time to read. As the COVID 19 virus has chugged along in the…

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Stay in the Course

I hope you guys are doing well during this longer-than-expected cave life.  We almost missed the whole spring. Now summer is coming… The strongest 50-day rally in the S&P 500 Index in over 70 years has sent a signal that the economic recovery is gaining steam and may look more…

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Fearless Market Reversal

Just before US stock market hit its first of the four circuit breakers this year on March 9th,  there was a story in The Economist. Flitcraft, an everyman, is nearly killed by a falling beam. Confronted with the randomness of life, he decides—randomly—to vanish. After drifting for years, he settles…

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V-shaped or U-shaped Recovery

I hope you and your family stay well at this special time! Even we stay home it’s hard for us to ignore the message from Spring.  Will the stock market and portfolio also have a glimpse of spring coming? We witnessed one of the greatest financial market turmoils in history…

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