Don’t Overthink The Market. It’s Not That Smart That is what those with consensus opinions have done if they have stayed bullish. After all, there is evidence to support their claims: Earnings on the S&P 500 almost tripled between 2009 and 2018 ($56.86 to $143.34) an...

In the past week or so, I noticed a distinct shift in the performance of the various stock sectors. Quite simply, the market is backing off of defensive sectors such as real estate, utilities, telecommunications, and consumer staples, while momentum has picked up with the cyclical sectors su...

The 2010s have been somewhat unusual in that a simple passive investment in the S&P 500 index delivered higher risk-adjusted returns than almost any other asset class. Traditionally, the risk of stock drawdowns from all-time high levels has been mitigated by rebalancing some of the stock g...