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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Reaccommodate

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It is both interesting and disgusting that a business (any business) can intentionally screw up (routinely booking too many passengers as a course of business) and then hold their customers responsible for that screw up. United Airlines must win the prize this year for the most reprehensible corporate policy for dealing with the people who…
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Happy Anniversary to a Raging Bull Market

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It is widely expected that the Federal Reserve Bank will raise the federal funds rate at its March meeting this week. According to the futures market, there is a greater than 90% chance they will raise rates. Because a rate increase is so highly anticipated, we expect there will be virtually no market reaction when…
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You Trumped Our Brexit

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CNBC is in big trouble. The Dow Jones Industrial Average (DJIA) finally broke through 20,000, and now the network is going to have to find something else to talk about. Its anchors have been anticipating this breakthrough for weeks and talking about it frequently almost every day, flashing ridiculous headlines on the screen that the…
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Strangest Election Ever

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In the last Investment Commentary sent out the day before the election, Calm Before the Cloudy Skies, we wrote, "It would be a cruel joke on Donald Trump if he accidentally won the election," noting that he ran his campaign as if he wanted to lose and would be disappointed if he was elected president…
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Calm Before the Cloudy Skies

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In a year when almost any Republican candidate could have beaten Hillary Clinton to become president of the United States, somehow the Republican party nominated the one candidate who, if he could win, simply won’t let himself win. It’s as if running for president has been nothing more than free publicity for whatever TV show…
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