A SMOOTH RIDE IN Q2
But Don’t Fall Asleep At The Wheel
On May 16th, there was a Wall Street Journal column by Jason Zweig that may have gone unnoticed, if not, underappreciated. The article discusses Amazon’s 20th birthday as a publicly traded company. Since its IPO in 1997, Amazon generated a total return of nearly 49,000%, or over 36% annually for its shareholders. No doubt that a performance number of 49,000% will make anyone stop dead in their tracks, either in amazement, disbelief, or both. But the rest of the article had some far more important points that may not have sunk in for most readers.
We’ll return to this story later, but suffice is to say that the Amazon story was likely lost among the many negative stories that embodied the most recent quarter. In this issue of Portfolio Matters we’ll discuss what all these moving parts mean for investor returns and, more importantly, the future for our clients and friends…read more
I’ve had a lot of clients and friends recently ask me if our comprehensive “bear watch” or “rally watch” investment models have triggered any sell or buy signals. The short answer is…
- the weight of our macro, fundamental and technical evidence remains bullish,
- albeit with signs of elevated risk across global markets.
With plenty of headlines and moving economic parts to consider, I do think it’s a good time for you to review our mid-year market outlook. Click the image below to download.
In the 5-page report, our Chief Investment Officer, James Callahan, CFA does a fine job filtering through all the noise, hype and data to zero into a quality evidence-based assessment of conditions, dangers and opportunities.
As always, if you have any questions, feel free to call me at 303-721-7000.