Discover Pendragon Capital Management’s view of the financial markets and some of the thoughts that go into our investment decisions.

There is nothing so disastrous as a rational investment policy in an irrational world."

There is nothing so disastrous as a rational investment policy in an irrational world.”

John Maynard Keynes

9 Financial Resolutions for the New Year

What would you say to resolutions that simply require attention at the beginning of the year to provide you with value? That’s what you’ll find with the 9 financial resolutions detailed below. Unlike traditional New Year resolutions that often wind up abandoned before January’s even over, these aren’t too time-consuming, complicated, or unpleasant to stick…

Assessing 2023 & Looking Forward to 2024

2023 was a difficult year for investors but as we take a breath and after assessing 2023, it can best be summarized as The Bard wrote, “All’s well that ends well.” Bears Controlled the 2023 Narrative In 2023, the Bears controlled the narrative – inflation and interest rates were going to move unstoppably higher, recession…

How Middle East Conflicts Have Historically Impacted Markets

As you might surmise, given how interconnected the world is, global conflicts affect markets. In this article, we’ll focus on conflicts in the Middle East. Most Recent Middle East Conflict: October 7, 2023 On the morning of Saturday, October 7, Hamas launched a surprise attack on Israel killing hundreds and plunging the region into further…

Hydrogen Energy Outlook

How familiar are you with the hydrogen energy market? While more traditional renewable energy sources such as solar and wind are still leading in terms of investment, hydrogen energy, specifically something called “green hydrogen”, is being discussed as a serious source of renewable energy. Hydrogen’s ability to act as a hybrid between an energy generator…

A Global Perspective on EVs

EVs – or Electric Vehicles – represent an important alternative to carbon-producing vehicles, and feature prominently in the ongoing research and analysis Pendragon Capital Management undertakes for our Climate Impact portfolio. In this article, you’ll find our global perspective on EVs to help you better evaluate your investment opportunities. EVs: Here To Stay  In an…

2023: A Good Year for the Market?

It hardly seems it but we are halfway through 2023. Just as unbelievable is that the stock market is having a good year. >> To subscribe to this monthly newsletter, click on Subscribe! Something for Every Investor! The S&P500 is up just over 18%. The bond market has been ok too. There has been a lot…

What You Need to Know About Preferred Stock

How familiar are you with Preferred Stock? Preferred stock is a class of securities that is often overlooked by investors. It deserves consideration because preferreds have the characteristics of both fixed-income and equity securities. Preferred Stock in a Traditional Corporate Capital Structure In the capital structure, preferred stock is junior to company debt (bonds) but…

Are We Now in a New Bull Market?

Since October 2022, the stock market has steadily climbed higher and is now up over 20% from those lows. This begs the question of whether we are now in a new Bull market. Let’s explore along with concerns about commercial real estate. >> To subscribe to this monthly newsletter, click on Subscribe! Persistent Negativity Despite Upward…

Better Q1 2023 Earnings + Perspective on Banks

Earnings season is well underway and, by most measures, companies are exceeding expectations. >> To subscribe to this monthly newsletter, click on Subscribe! Q1 2023 Earnings: Better Than Expected According to FactSet, with 92% of S&P 500 companies reporting, 78% reported better than expected profits and 75% had revenue numbers that beat expectations. Overall, companies did…

Brokered CDs Vs Bank Certificates of Deposit

CDs or Certificates of Deposit are popular again.  With interest rates up, investors are once again rewarded for holding “safe” fixed-income instruments like FDIC-insured bank accounts and securities issued by the United States Treasury. That’s where CDs come in. CDs are a type of fixed-interest rate deposit offered by banks. Most CDs are backed by the…