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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“Help Wanted”

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This is the most perplexing labor market in our lifetimes. It’s unclear if there are too many workers or too few. “Help Wanted” signs are everywhere, but the most recent “jobs report” stated that 7.6 million Americans are unemployed and millions more are underemployed (i.e., you have a really miserable job for which you are…
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Excessive Excesses Always End Badly

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We heard an interesting factoid the other day. But it was one of those moments where you’re somewhat listening and not really paying attention. It said that the Japanese stock market had just hit a 31-year high, which sounds like a good thing. But then we thought, “the Japanese stock market is JUST NOW higher…
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Global Superpowers Battle for Gold (and Economic Supremacy)

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After a yearlong delay due to COVID, the 2020 Olympic Games were finally pulled off. Viewers around the world tuned in to watch the best athletes compete for gold in gymnastics, track and field, swimming, and . . . dressage? The world also watched as the United States and China competed in the overall medal…
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Free Popcorn, Double Your Money

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This piece really has nothing to do with how we manage investments for our clients, but we just can’t help writing about it. The investment world we live in today keeps getting more entertaining and just when you think you have seen every insane, stupid thing our stock markets can possibly offer, along comes something…
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FOMO

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Fear Of Missing Out: A dangerous psychological malady that can cause one to feel that he is missing out on the investment of a lifetime (think dot-coms in 2000, houses in 2007, or Bitcoin today). This fear is usually exacerbated by sensational media headlines. But more recently, FOMO has also been the result of tweets…
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