ASYMMETRY in MOTION
Fourth Quarter, 2022
A famous phrase, “It was the best of times, it was the worst of times, “appears in the opening paragraph of Charles Dickens’ novel A Tale of Two Cities. Certainly 2022 can be more easily characterized as the worst of times given all the yuk in the financial markets.
ASYMMETRY in MOTION
Third Quarter, 2022
There is a lot to unpack from the recent period and certainly throughout this year. Having been around this industry for now over 40 years, living through a tough market environment can seem like “old hat” or “been there and done that.” For some reason, this one seems worse and certainly feels that way.
ASYMMETRY in MOTION
Second Quarter, 2022
It was the English-born American political activist, theorist, and philosopher, Thomas Paine, who quoted, “These are the times that try men’s souls.” I recently spoke with an industry veteran who characterized this market environment as being nowhere to hide unless you want to sit in cash and let inflation erode your purchasing power.
ASYMMETRY in MOTION
First Quarter, 2022.
This is where we feel we are truly unique! Like others, we may opine on our personal views about the economy, interest rates, the Fed, valuations, geopolitical risks, the war in Ukraine, inflation, program trading, COVID, FAANG, among many other factors. Where it does matter is how these factors impact the deviations, whether up or down, of our target allocations for equities (70%), bonds (15%), and volatility (15%).