To add alpha, we believe investors need to continually seek pockets of strength amidst today’s mire of pessimism. One bright spot we’ve seen lies just east of Greece: Turkey. Many investors believe banks are the only investment play in Turkey. The sole question for those investors is to hold or not to hold banks. Here’s [...]

Would the markets really do the same thing three times in a row? Our view is that when something becomes this obvious it is time to look for a different outcome. NEW YORK, May 22 – Financial and housing shares nudged Wall Street higher on Tuesday after U.S. existing home sales rose in April to [...]

We are witnessing a few cautionary signs that indicate a radically overbought U.S. equity and bond market.  Stealthily, the precious metals, and mining equities are bottoming.  The strong uptrend in the equity markets since October of 2011 has caused many investors to join the herd in the latest investment fad entitled, “Social Media”. Take a [...]

Facebook’s highly anticipated initial public offering today helped the company raise $16 billion, a record for tech IPOs. It’s refreshing to see investor excitement rally around the stock, as the U.S. needs innovative businesses to thrive and attract capital. However, as behavioral finance warns, be cautious of a herd mentality. Last November, the IPO deal [...]

This is definitely a two-handed market. On the one hand the trend for equities and commodities remains lower. The commodity currencies are melting down, money is fleeing towards the Japanese yen and U.S. dollar, and a bid for gold has emerged. On the other hand… the ratio between the S&P 500 Index and U.S. 30-year [...]