Entries by Ryan Hughes

Stocks and Bonds


Have you ever wondered why most portfolios have a mix of stocks and bonds in their portfolio? Is there a reason why? The primary reason is because stocks and bonds, more or less, have a negative correlation. This means that if stocks are falling, there is a good chance that bonds are trading higher. This...

The Fed’s Musical Chairs


Today's marketplace is a peculiar one. When I look at the current market, I like to think that it is similar to the children's game of musical chairs. As long as the Fed and the other major central banks are playing their tune, everybody is happy to play along. In fact, I don't think...

Brexit Is A Big Deal


Brexit "Black Friday" cost investors over $2 trillion in market wealth (CNBC) as global stocks fell -5.4%. Here in the U.S., the S&P 500 was down -3.60% and in Europe, the STOXX 50 was down -8.62%. Brexit was largely considered an unforeseen event, a black swan event perhaps. I personally believe it is the largest...

The Corporate Earnings Problem


The S&P 500 is yet again trying to reach its all-time high (reached a year ago, May 2015). As I write this, the index is within 2% of this high.  There are a number of factors that influence the stock market on a day-to-day/ month-to-month/ year-to-year basis. And these factors certainly change as market conditions change....

Who Will Inherit Prince’s Estate?


Prince died unexpectedly in Minnesota on April 21st and the cause of his death is still a mystery. There are reports that Prince died from AIDS, from an overdose on cocaine or from Percocet, from influenza, or from other causes. None have yet been confirmed. His death leaves behind an immediate estate worth $300MM. He also...

The Aging Population Problem


It's been a month since my last post was published. I apologize for the delay. My office flooded 2 weeks ago and I've been temporarily working out of a cubicle and conference room while my office is being repaired. I'm hoping to move back in by mid-April. Here's a look at the restoration crew...