News & Insights

  • Why we’re concerned

    In our last commentary we discussed two divergent opinions on the economy. The optimistic view was represented in a recent WSJ poll, where the consensus of economists predicted slow but steady US GDP growth of 2.5% in 2012, with average monthly employment gains of 185,000. The opposing view, presented by the Economic Cycle Research Institute (ECRI), an astute and highly

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

    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

    Read more
  • Market Environment – Unanticipated Risks Ahead for Investors

    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

    Read more
  • Margin Call

    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,

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

    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

    Read more
  • Markets End Flat for the Quarter after Renewed Volatility

    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

    Read more
  • Markets Advance 90.5% from 2009 Bottom

    In our April 2009 commentary letter, only weeks after the markets hit the bottom of one of the worst declines on record, we chose to focus on the likely gains ahead for the stock market. Specifically we said that since 1928, on average, after declines of 30% or more, “the Dow Jones Industrial Average rebounded 90.7% before peaking, with the

    Read more
  • Despite Fears, Stocks Advance in 2010

    Despite an overtly timid mindset among investors, the bulls are the victors for 2010. The market advance in December capped off a rising year to put the S&P 500 ahead 13% for the year. The Toews system was invested through the majority of the fourth quarter. Our system exited developed international stocks and high yield bonds due to a decline

    Read more
Load More