How Much Further?
By Kelvin Lee, Alonso Munoz On August 22, 2022, we called the end of a bear market rally after a ~20% increase in equity markets. Since then, the S&P 500 has fallen 25%, breaking through the June lows. So, the question on everyone’s mind is: how much further can we go? Ok, bad news first. The […]
Markets Slump, a Brutal Q3
By Kelvin Lee, Alonso Munoz Wow, what an eventful last week to end the quarter with. In case you were thoughtful enough to turn off the news, here were the headlines: Hurricane Ian – Hurricane Ian hit Florida last Wednesday as a category 4. Major flooding and winds are expected to cost the state up […]
The Fed- Too Fast, Too Furious
By Kelvin Lee, Alonso Munoz The Federal Reserve raised rates by another historic 75bps last week. That’s the third time this year and pushes the federal funds rate to a 3-3.5% target. As anticipated, equities have reacted negatively, and bond yields have spiked. The market is now pricing our earlier call of a 4.5-5 percent […]
Hot Alternatives: Cars & Watches
By Kelvin Lee, Alonso Munoz Investing can take many forms. You can buy stocks, bonds, real estate, and the thousands of other financial products that work to cover financial markets. But do you enjoy owning these assets? Are you excited and enthusiastic about owing a mutual fund or treasury note? Probably not and that’s where […]
How to: Student Loan Forgiveness
By Kelvin Lee Last week, President Biden announced up to $20,000 in student debt forgiveness and an extension on the pause of federal student loan repayments. This is what the white house had to say: The Department of Education will provide up to $20,000 in debt cancellation to Pell Grant recipients with loans held by […]
A Case for Bears
By Kelvin Lee Before I begin, I’d like to remind the audience that its crucial to have a longer-term investing outlook and that economies are cyclical; downtrends are both healthy and inevitable. That being said, I want to explore the view that we still are in a bear market. Markets are currently pricing the terminal […]
Hedge Your Hedge Funds
By Kelvin Lee, Alonso Munoz Hedge funds often have a sumptuous association with them. They recruit the brightest minds on Wall Street and have the freedom to pursue a multitude of non-traditional and quant strategies for their wealthy clients. They’re focused singularly on one thing, and that’s generating alpha. Double digit returns constitute the minimum […]
Inflation has peaked
By Kelvin Lee Arguably one of the markets most anticipated prints, the July Consumer Price Index (CPI), releases Wednesday. Investors will be watching to see if inflation has peaked. The federal reserve will be looking to see if they’re pouring either champagne or a tonic on the rocks. And our office will be putting overtime […]
Pelosi… Don’t Poke the Dragon.
By Alonso Munoz U.S. House Speaker Nancy Pelosi concluded her visit to Taiwan Wednesday; a sign of relief for the market: no shot down planes, no fighter jets and no WWIII (at least for now). We won’t comment on Taiwanese politics and the contentious history that always comes along with that, but we will offer […]
Are we in a recession?
By Kelvin Lee WE ARE IN A RECESSION! But not really…. Second quarter GDP numbers came out yesterday with a downside surprise of -1.6%. While this satisfies the common definition for recession of two consecutive quarters of GDP decline, we only see the print as achieving a restricted measure of the term. Why? Well first, […]
