Commentary

  • Toews Participates in First Quarter Rally – S&P up 12.6%

    In Market Analysis on

    The Toews System during Market Rallies After a turbulent year in 2011, the markets moved steadily higher to finish the first quarter up 12.6%. The Toews dynamic hedging strategy bought US and international equities and high yield bonds during the first few weeks of January and stayed invested throughout the quarter. Toews systems were fully invested in all asset classes

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  • Market Environment – Unanticipated Risks Ahead for Investors

    In Market Analysis on

    Over the past year, there were several shocks to the economy, including an earthquake and tsunami in Japan, a downgrade to the U.S. credit rating, and numerous debt events in Europe. The effects of these events were felt in the stock market, which declined multiple times- once by as much as 19%(1). The year ended flat for U.S. stocks, while

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  • Margin Call

    In Market Analysis on

    In a scene from the movie Margin Call, a banker looks out of his car window and says “look at these people, wandering around with absolutely no idea what is about to happen.” That’s an accurate portrayal of the current state of the perspectives of many advisors, who fear that an EU sourced Armageddon may be just around the corner,

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  • Markets Briefly Enter Bear Market in 2011 – Investor Anxiety Surges

    In Market Analysis on

    Sovereign debt issues have taken center stage to press stock prices down with increased ferocity. The S&P 500 declined 14% for the quarter, while the MSCI EAFE index (Developed International Stocks) dropped 19%. Our system exited developed international stocks in mid-July. By late July/early August, our system had completed exiting US stocks and HY Bonds and was allocated to cash

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  • Markets End Flat for the Quarter after Renewed Volatility

    In Market Analysis on

    After making sizable moves higher and lower, the markets finished the quarter flat, with the S&P 500 gaining just 0.1%. In late May, as a result of the decline, we exited from our emerging markets and developed international stock positions. By early June, we had completed exiting from our US stock and high yield bond positions and were allocated to

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