Research & Insight

July 19, 2019 By Steve Blumenthal “I think now is a good time 1) to look at past paradigms and paradigm shifts and 2) to focus on the paradigm that we are in and how it might shift because we are late in the current one and likely approaching a shift.” – Ray Dalio, “Paradigm Shifts” (July 17, [...]Read More >

By Steve Blumenthal July 17, 2019 S&P 500 Index -- 2,995 Posted each Wednesday, Trade Signals looks at several of my favorite stock, investor sentiment and bond market indicators.  Market trends persist over time and stem from changes in risk premiums or the amount of return investors [...]Read More >

By John Mauldin July 12, 2019 This is the final letter of the six-part series of my reply to Ray Dalio’s essays. Here are some links to help you wrap it all together. Ray’s original letter: Why and How Capitalism Needs to Be Reformed, Parts 1 and 2 His follow-up: It’s Time to Look [...]Read More >

July 12, 2019 By Steve Blumenthal “[I]f you could say well give me one rule to follow as an investor, just one, it would be, do the things that are unpopular. Everything else being equal, the things that are popular are overpriced the things that are unpopular are underpriced.” - Howard [...]Read More >

By Steve Blumenthal July 10, 2019 S&P 500 Index -- 2,989 Posted each Wednesday, Trade Signals looks at several of my favorite stock, investor sentiment and bond market indicators.  Market trends persist over time and stem from changes in risk premiums or the amount of return investors [...]Read More >

By John Mauldin July 5, 2019 The belief that wealth subsists not in ideas, attitudes, moral codes, and mental disciplines but in identifiable and static things that can be seized and redistributed is the materialist superstition. It stultified the works of Marx and other prophets of violence [...]Read More >

By Steve Blumenthal July 3, 2019 S&P 500 Index -- 2,978 Posted each Wednesday, Trade Signals looks at several of my favorite stock, investor sentiment and bond market indicators.  Market trends persist over time and stem from changes in risk premiums or the amount of return investors demand [...]Read More >

By John Mauldin June 28, 2019 This week is the fourth in a series of five open letters responding to a series of essays by Ray Dalio, the founder of Bridgewater Associates. His original letters are Why and How Capitalism Needs to Be Reformed, Parts 1 and 2 and It’s Time to Look More Carefully at [...]Read More >

June 28, 2019 By Steve Blumenthal “You should invest more when the tickets in the bowl are in your favor. You should invest less when they are against your favor and what determines the mix of the tickets in the bowl largely where we stand in the cycle.” - Howard Marks Oaktree Capital and [...]Read More >

By Steve Blumenthal June 26, 2019 S&P 500 Index -- 2,926 Posted each Wednesday, Trade Signals looks at several of my favorite stock, investor sentiment and bond market indicators.  Market trends persist over time and stem from changes in risk premiums or the amount of return investors [...]Read More >