White Paper
October 20, 2014
Just how much influence has QE had on financial markets? The chart below illustrates the impact of QE on the price of the S&P 500 Index since the long-term bond purchasing program began in November 2010. The results are sobering. Since beginning QE2 in November of 2010, the S&P 500 Index has advanced more than 55% (excluding dividends). If one […]
April 24, 2014
Should we be concerned about the recent declines or is it as simple as the popular April 15th Tax selling theory? We did a little digging into the past to see if we can confirm the tax selling theory. Is April the “Most Interesting Month of the Year?” If Dos Equis actor Jonathan Goldsmith is “The Most Interesting Man in De […]
February 4, 2013
For investors, 2012 was a year of endless waiting; waiting for a resolution to the U.S. fiscal cliff, progress on the European debt crisis, results of a polarizing U.S. election, a Chinese leadership transition, resolution to the Bush tax cut extensions, etc..etc..etc. Any one of these issues alone possessed enough economic significance to bring investor confidence to a halt, and […]
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