Commentary

Each month, the BCWM Portfolio Management team publishes an Investment Commentary that examines the latest developments in financial markets and the economy. We filter out the noise and present the information most relevant to our investment strategies and management of our clients’ portfolios.

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The Tweet Effect

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This just in . . . Drone strikes on a Saudi Arabian oil facility over the weekend sidelined more than half of the kingdom’s output and removed about 5% of the global oil supply from the market. It is the biggest one-day oil disruption in history.
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Your Mattress or Negative Interest Rates

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Up until the very last day, July was so boring. So accommodating. So mundane. Watching your investment account during July was like watching your neighbor’s cousin’s nephew’s swim meet.
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Hong Kong, North Korea, and the Unintended Consequences of Large Crowds

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Every month brings a new crop of interesting international headlines (and some of them occasionally have nothing to do with the Trump administration). June was no exception. For starters, two million people hit the streets in Hong Kong to protest a newly proposed law that would allow mainland China to extradite fugitives from Hong Kong…
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A Pessimist and an Optimist Walk into a Bar…

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The month of May almost always finds us attending a couple of the best investment conferences our industry has to offer. This year, Richard attended the annual conference of the CFA (Chartered Financial Analyst) Institute, which was held in London. And Laura went to the Strategic Investment Conference (SIC) in Dallas.
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Dog Food Is Not Special

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Despite this week’s selloff, 2019 has been a good stock market year so far. Through the end of April, the S&P 500 increased over 17%! That’s an annualized rate of approximately 54%. Of course, annualizing stock market returns after four months is like thinking “Superbowl” after your team’s fifth consecutive win. The football season can…
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