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Bear Markets

Jun 07 2022

A Market That Defies Description

  • Jun 7, 2022

We’re sure that it’s not lost on our readers, but the stock market loves to toy with people. The dollar costs of a decline and the opportunity lost from misplayed manias are bad enough. This particular market, though, seems to take offense when you merely try to label it. Correction or bear? The debate rages on, even though the flagship fund of the lone equity manager who’s a household name is down 75% from its peak—and still raking in money!

Aug 23 2021

Can Mo Outrun A Bear?

  • Aug 23, 2021

Hiker #1: Can you run faster than that hungry bear looking at us?

Hiker #2: I don’t need to run faster than the bear, I just need to run faster than you.

The Momentum style of investing has a long history of generating excess returns, and ranks near the top of the list of essential smart beta factors. However, Momentum also has a dark side; it is prone to severe drawdowns whenever the market makes a significant reversal.