Commentary

There are few things in life more comforting than a doctor with experience. We simply love older doctors because they’ve seen it all. While our imaginations often run wild over the implications of an ailment, they put a reassuring hand on our shoulder and say “This is nothing new, we’ve seen this many times before, and this is usually the […]

In just the past week, the market has had to deal with bloodshed and revolution in Libya, Iran warships in the Suez Canal, Oil prices above $100/barrel and protests over an almost bankrupt State of Wisconsin. Individually these are potentially market moving events. Taken together they are sending stock prices lower, hitting the markets during a particularly vulnerable period when […]

There is an old Sesame Street song that will forever remain in my memory: “One of these things is not like the other.” The song is usually accompanied by several items that are the same and one different. We have been commenting for several months now about the growing divergence between corporate high yield bonds and equities. In short, while […]

Forget about the lazy days of summer. Violent price declines in global financial markets have investors on edge. As of Monday August 8th, the S&P 500 has declined more than -13% in the first 6 trading days of the month, taking the S&P negative more than -11% for the year. Anchor Capital’s Absolute Return strategies have remained hedged and/or net […]