CKBlog

Wednesday, April 15, 2020

The Longest Quarter

We started our 2019 Annual Review letter with “Everything Worked.” The opposite was true in the first quarter of 2020. Nothing worked. It was very ugly and it happened so fast.

Read on: The Longest Quarter

Topic: The Market

Thursday, March 26, 2020

Three Million Jobs Lost

As I type this, the S&P 500 Index is up 3% to 4%. More than three million people lost their job last week! How on earth is this possible?

Read on: Three Million Jobs Lost

Topic: The Market

Monday, March 16, 2020

The Most Common Question

The S&P 500 Index dropped 11.98% on Monday, March 16. In a perfect world, we would have seen this coming, understood the extent of it, knew how long the selling would last, and perfectly timed our re-entry into the markets. But last I checked, as evidenced by the virus’ outbreak, we don’t live in a perfect world.

Read on: The Most Common Question

Topic: The Market

Thursday, March 12, 2020

10% from the Bottom

You have no idea when the market will bottom. I have no idea when the market will bottom. Why? Because none of us perfectly called the top of the market so why would we expect to be able to call the bottom?  Some of our clients have been putting cash to work in this environment. A common question has been, “When is the right time to invest?”

Read on: 10% from the Bottom

Topic: The Market

Saturday, February 29, 2020

Indiscriminate Selling

Last week was ugly. The S&P 500 Index declined 12.76% from its highs literally seven trading days ago. Other than cash, gold, a few biotech companies, and video conferencing companies, there was virtually nowhere to hide. We would argue the selling was indiscriminate. Globally, investors were in total “risk off” mode.

Read on: Indiscriminate Selling

Topic: The Market

Monday, February 24, 2020

Buffett’s Annual Letter

Three major takeaways from Warren Buffett’s current letter to shareholders. Change is coming ...

Read on: Buffett’s Annual Letter

Topic: Strategies

Thursday, February 13, 2020

Sleep Regression and the Stock Market

Humans suffer from recency bias. We take the most recent information and extrapolate it into the future. Nowhere is recency bias more apparent than in the stock market.

Read on: Sleep Regression and the Stock Market

Topic: The Market

Tuesday, January 28, 2020

2019 Market Review

Everything worked in 2019, despite trade wars, yield curve inversions, recession fears, tensions in the Middle East, House impeachment of the President, WeWork pulling their IPO ... So what is going on?

Read on: 2019 Market Review

Topic: The Market

Thursday, January 23, 2020

Wuhan Coronavirus: a Look Back at SARS & the Market

With more news outlets covering the recent outbreak of the Coronavirus and the first reported case in the US, we thought that a post on the topic was warranted.

Read on: Wuhan Coronavirus: a Look Back at SARS & the Market

Topic: The Market

Wednesday, January 22, 2020

Netflix and Chill

Netflix was up 4,181% during the 2010s. It was the best performing stock in the S&P 500 Index. Would you have held it the whole time?

Read on: Netflix and Chill

Topic: The Market