November 6, 2019 -
Over the last week the S&P 500 Index, an index that tracks U.S. large cap stocks, has set a number of new record highs.
The drought between record highs lasted from late July to late October as traders digested an on-again-off-again trade deal with China, gradually weakening economic reports, and political developments in the U.S. and Europe.
Reaching a record high and maintaining upward momentum are two very different things.
October 30, 2019 -
Children and their parents cumulatively spend millions of hours across the country carving pumpkins for Halloween.
Even IAG’s competitive pumpkin carving teams took part in the tradition this year.
Why do we cut holes in the top of large orange gourds, scoop out their innards, poke holes in them, and then light them up?
October 16, 2019 -
Every four years or so we find that reliable long-term investors become susceptible to a pernicious disease I like to call electionitis. This election cycle it seems to be getting an early start.
I believe electionitis is a contagious virus which cannot be treated with typical antibiotics. The major symptom of electionitis is that it causes otherwise rational investors to believe that cash is the only appropriate investment until the next election is over and “things settle down.”
October 9, 2019 -
“Fight for Freedom. Stand with Hong Kong.”
Those seven words were included in a now-deleted tweet by Daryl Morey, the general manager of the Houston Rockets.
Those seven words could result in the loss of millions (if not billions) of dollars of revenue for the National Basketball Association (NBA).
October 3, 2019 -
Whether you believe this is true in your personal relationships or not, it is as vital a truth in the financial markets as it is for a magnet.
Magnets have a north pole and a south pole. Try to push two north poles together and you will find repulsion; but hold a south pole and a north pole near each other and there is instant attraction.
Similarly, the financial markets require the presence of two poles to function — sellers and buyers.
September 26, 2019 -
On September 5 the Brewers’ playoff prospects looked fairly grim. On that day they lost to the Chicago Cubs by a score of 10 to 5 at Miller Park, their record was a mere 3 games over .500, and they had several teams in front of them for the second wild card playoff spot.
Many Brewers fans were resigned to missing the playoffs this season after almost making it to the World Series last year. Very disappointing!
The next 17 games were a complete surprise.
September 18, 2019 -
Celebrate diversity. This is a pretty common phrase I am sure you have seen on bumper stickers or heard in conversations.
September 11, 2019 -
Babies born on September 11, 2001, turn 18 years old today.
They were born on a day that altered our entire country’s view of the world. On that day Americans’ belief that our country was safe from terrorist attacks was destroyed along with thousands of lives.
September 4, 2019 -
The Green Bay Packers begin their 2019 season against the Chicago Bears at Soldier Field tomorrow evening.
The remaining players have survived numerous mini-camps and a long training camp which prepared them for the regular season. All of those preseason camps are designed to reinforce the basic fundamentals of the game.
Teaching players to instinctively use optimal strategies for ball handling, body positioning, and foot work should free them from thinking about those fundamentals during the regular season.
Yet we know football players are human, and sometimes mental mistakes create fundamental problems.
The U.S. economy is facing a similar funda-mental challenge right now.
August 28, 2019 -
This Week’s Blogger: Scott D. Heins, CFP®, IAG Chief Investment Officer
Hootie and the Blowfish released their debut album Cracked Rear View on July 5, 1994, just over 25 years ago. Track 8 on that album is entitled “Time,” which includes the following refrain: