The Election is, in our view, the most consequential driver for the Markets this year. Here’s what has changed in…

Financial advisors and portfolio managers may find boutique asset managers attractive because they are proudly independent, driven by innovation and…

Several months of higher inflation have brought rate cut predictions this year down to two from six in January. The…

After experiencing four bear markets in the past 15 years, and insignificant returns for bonds over the past decade, advisors…

Over the past month yields have bounced between recent highs of 4.36% and just below 4% for the ten year…

Stocks have mostly been caught in a state of reverse gravity this year (what goes up - keeps going up)…

I wrote my last update as we approached debt ceiling drama with no certainty a deal would get done, or…

Coming into the weekend, it appears that negotiators may actually arrive at a debt deal despite all of the acrimonious…

On February 2nd, I was invited to appear in Bloomberg Markets segment on Bloomberg TV to comment on the markets.

Our trend-following algorithms moved us back to a fully invested position in our US Stock Allocations last week.

Our trend-following algorithms moved us back to a fully invested position in our High Yield Bond allocations.

We began moving our High Yield Bond Positions defensive on Wednesday of last week. On Friday we completed those trades…

We began moving our US Stock Positions defensive on Wednesday of last week. On Friday we completed those trades and…

We began moving into International Stock Positions on Tuesday and US Stocks Positions on Wednesday this week and completed our…

The more extreme market declines become, the more extreme following market actions may be.

In this commentary I’ll discuss opportunities that are emerging as markets continue to fall. I’ll also examine the impact of…

We are stuck. We have spent hours debating the jargon from the Fed like “transitory”, “growth below potential”, “soft landing”,…

One week ago today, our algos finished moving to an invested position for our High Yield Bonds allocations across our…

One week ago today, our algos finished moving to an invested position for our High Yield Bonds allocations across our…

One week ago today, our algos finished moving to an invested position for our High Yield Bonds allocations across our…

Our algos moved us into an invested position for our High Yield Bonds allocations across our models. We began scaling…

After being long US stocks for several weeks we began to move back defensive on Tuesday and finished moving defensive…

In early to mid-January we exited US Stocks and High Yield Bonds, and later sold our International stock exposure. Those…

It seems impossible to escape inflation nowadays, and Thanksgiving this year is set to hit Americans’ wallets harder as they…

Wednesday’s inflation print is further confirmation that inflation is here, it’s real, and it’s likely to continue at least into…

Losses have accelerated and broken through technical resistance, suggesting that the seasonably unfavorable months of September and October may delver…

Inflation has dominated much of the financial news for the past quarter as it has perked up above 4% for…

In my time as an investment manager, which now exceeds thirty years, I’ve witnessed two prior bubbles. In the late…

For the year, the S&P 500 moved higher by 18.4%, a remarkable feat considering the elevated levels of unemployment, business…

The strong rally that began at the end of March continued through early September, and then turned lower as covid…

After ending the last quarter in a fully defensive posture, Toews models began triggering buys as the markets rallied off…

In January, when cases of COVID 19 appeared to be increasing exponentially in Wuhan, financial markets around the globe began…

Phil Toews discusses positioning portfolios for adversity on TD Ameritrade Network’s Market Overtime show amid Coronavirus-related market turbulence.

Position Update Toews remains fully defensive across all asset classes.i  Additionally, certain equity-containing strategies hold aggregate bond positions, which have…

As equity and high yield bond markets decline in the face of a potential global pandemic created by the coronavirus,…

In our last quarterly commentary, we discussed how difficult predicting recessions is, even for professionals. That was the case for…

Data continues to suggest that the U.S Economy is slowing. The September U.S. manufacturing purchasing managers’ index showed its lowest…

The second quarter began with gains following a strong first quarter. Markets turned lower in May in response to deteriorating…

Equity Valuations Remain High Prospects for High Yield Bonds Improve Tactically Managed High Yield Bonds Potentially Uncorrelated during Equity Declines…

Throughout much of the third quarter global equities declined in unison with one exception: U.S Stocks. For the week of…

In 1999, after one of the biggest bull markets of the century, advisors seemingly abandoned caution. Despite their stratospheric valuations,…

In April of 2009, days from the bottom of the 2nd worst stock decline in the past 100 years, we…

Ask yourself this question: How do I feel about the stock market (or high yield bond market)? Do I feel…