Have you considered the role of bonds in your portfolio?
The BrokerageSelect Newsletter summarizes current market trends while highlighting the kind of innovative out-of-the-box thinking that Pendragon Capital Management specializes in. This issue will explore bonds and rethinking the role they have traditionally played in a portfolio.
Continue reading Rethinking the Role of Bonds in a Portfolio
After one of the strongest Augusts on record, investors continue to shake their collective heads trying to figure out a market that is doing so well when the COVID economy is in recession. As we discussed in our previous letters, the monetary support that the Federal Reserve and the fiscal stimulus by the Congress and Administration have provided the fuel to keep the markets and consumers liquid.
Continue reading The Market: September 2020
Twice in the past month, the bears took the S&P500 down to the 200 day moving average but both times failed to break the market lower. The buyers came in and bounced the S&P500 back up to 3130. This is about where stocks are now.
Continue reading The Market: July/August 2020
The stock market had a big up week as an economy that is re-opening, hopes for a vaccine and the fear of missing the rebound motivated investors to buy. While the initial rally off the March low was led by social media stocks, the FAANGs and technology, the past two weeks have seen a broadening of the advance.
Continue reading The Market: June 2020
The stock market is caught in a tug-of-war between very bad economic data and the tremendous amount of fiscal and monetary stimulus. At his recent press conference Federal Reserve Chairman Powell reiterated his “whatever it takes” position.
Continue reading The Market: May 2020