Worst-Case Investing

Market Memo

December 2022 – By Bob Veres

The market is experiencing another lurching downturn after experiencing another couple of weeks of encouraging gains, and that tells you most of what you need to know about the markets.  Despite the breathless reporting in the financial press, stock prices go up, and down, and up, and down more or less at random (in the short term) and consistently show incremental gains (in the longer term).  Unfortunately, it’s hard to see that generally upward trend for all the short-term noise.

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Valuation Check

Market Minute

December 2022 – By Scott Rosenquist, CFA®

As the year is coming to an end, investors will be sharpening their pencils as they look toward 2023 and the outlook for corporate earnings.  Over the long run, earnings growth is a key driver of returns along with the outlook for the economy and investor sentiment. 

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Turn off the Noise

Market Memo

November 2022 – By Kyle Rohrwasser

Another busy month in the global financial markets. Lower CPI results led to the 14th best single day performance on the NASDAQ, midterm elections are all but done, FTX (one of the largest cryptocurrency exchanges) has filed for bankruptcy, Leading Economic Indicators (LEI) are starting to turn sour, home sales have begun to fall, and the Chicago Bears manage to average 30 points a game in their last 3 games and lose all three.

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