Wrestling Bears

Outside of the COVID-19 sell-off during the spring of 2020 and a couple other blips along the way, markets have been in a state of steady ascent since the Great Financial Crisis. 2022 thus far has felt like a paradigm shift as markets have turned bearish quickly.

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Implications of Higher Rates

Beginning in the early 1980s, when the Federal Funds rate in the United States hit a historical high of 20%, interest rates have trended towards secular decline. A generally high demand for U.S. debt, actions taken by the Federal Reserve, in conjunction with other factors have pushed interest rates into the historically low-rate environment we have experienced in recent years.

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Thinking About Fossil Fuel Divestment

Setting the stage for the investment implications of divesting from fossil fuel companies is difficult without a quick aside into some science and history. As with many modern problems, there is much more nuance surrounding climate change and fossil fuels than the rhetoric shows.

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Think Global Not Local

The 2010s was the decade of U.S. stocks and bonds as the Traditional 60-40 portfolio (60% U.S. stocks and 40% U.S. bonds) outperformed a globally diversified portfolio. U.S stocks benefited from the rise of Tech giants like Google, Facebook, Apple, and Amazon as they solidified their global dominance as well as Tech unicorns that transformed the U.S. economy and society.

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Housing Crash Redux

For decades, buying a home has been a part of the American Dream. It has been a reliable way to build wealth for many average Americans, and in turn, has become a key pillar of support for the U.S. economy. Up until the 2008 financial crisis, there were few recorded instances of housing prices falling nationally.

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Has the Game Changed?

The year or so since COVID-19 burst into the collective world consciousness has seen an increasing number of rare events in markets. Some have been directly related to the pandemic, and some have been only tangentially connected.

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