Stocks Rally in the Face of a Mounting Pandemic
For the year, the S&P 500 moved higher by 18.4%, a remarkable feat considering the elevated levels of unemployment, business bankruptcies, and disruption of the travel, hospitality, and entertainment industries. The year provided our investors an opportunity to see how Toews strategies functioned during a bear market, the first realized since the 2008 financial crisis1. In this commentary, I’ll discuss
Markets Advance, but are Challenged During the Quarter
The strong rally that began at the end of March continued through early September, and then turned lower as covid cases continued to escalate across the country, causing fears that the market rally had gotten too far ahead of itself. In the past couple weeks, however, stocks have moved higher once again. Our algorithms moved us into a defensive posture
Toews Returns to Fully Invested Positions as Markets Rally
After ending the last quarter in a fully defensive posture, Toews models began triggering buys as the markets rallied off of the lows of late March. Between April 14 and April 17 we moved to a bullish posture in US Stocks and High Yield Bonds, and on May 26th we completed our move to bullish positions in International Stocks. We’ve
Phil Toews featured in MarketWatch
The Federal Reserve’s more than $2 trillion arsenal of funding to keep credit flowing during the coronavirus pandemic can’t fix everything. The Fed doesn’t have a magic wand to stop COVID-19, nor the ability to make earnings appear on corporate balance sheets. Those realities, brought to the fore by increasing coronavirus cases in several U.S. states and a grim U.S. economic outlook provided last week by Fed Chairman Jerome Powell, hit markets last week like a ton of bricks.
New Investor Research by Investments & Wealth Institute and Toews Asset Management Provides Unique Insights into Investors’ Behavior and Perception Under Extraordinary Market Conditions
New investor research highlights impact of global crisis on investor confidence and where advisors can provide support through practical behavioral finance strategies. DENVER (June 3, 2020) – Investments & Wealth Institute released a new special report on behavioral finance, Investor Behavior in a Market Crisis in partnership with Toews Asset Management. The new investor report is part of the omnibus research 2020 Investor
Aiming to Bring the Quantitative and Qualitative back in Sync
Recent market turmoil followed by gains left some investors confused about where to go from here. Buying into risk assets after significant drops is never easy. The ability to move against intuition remains a critically important characteristic of our investment philosophy at Toews. High Yield Bonds Show Elevated Return Potential Returns in high yield bond models are primarily made up
Toews Fully Defensive in Q1 as Coronavirus became Global Pandemic
In January, when cases of COVID 19 appeared to be increasing exponentially in Wuhan, financial markets around the globe began to react. After initially declining, stocks briefly rallied before beginning one of the most rapid and ferocious declines in history. Our strategies began to move to defensive positions on February 25, became fully defensive on March 3, and remained defensive
