“Until [and assuming] the evidence changes, diversified investors should not fall for the siren song of the indexes that are rising on the backs of just a few [companies].” – Lowry’s Institutional Market Analysis “Everything should be made as simple as possible, but not simpler” – Albert Einstein How Did the Markets and Our Funds Continue Reading >
September 2022 Performance and Investment Commentary
“…the number of stocks in deep bear markets, 30% or more below their highs, reached ever greater levels last week. If a market is on the mend, or even about to turn higher, this figure should contract, not expand” ― Lowry’s Institutional Research Analysis 10/07/2022 “…the weight of evidence, does not yet support the beginnings Continue Reading >
May 2022 Investment Performance and Commentary
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money” – Milton Friedman “We don’t have a global inflation problem… China, Japan and Switzerland also face elevated oil prices, supply-chain problems and fallout from the war Continue Reading >
April 2022 Fund Performance and Investment Commentary
“In the midst of chaos, there is also opportunity.” – Sun-Tzu, The Art of War Where are we, at the end of April 2022? April was a hard, down month for the stock market, but it also depended on what holdings and sectors you were invested in. I haven’t yet switched TOTALLY out of technology, Continue Reading >