Replace Hope With Evidence
The market doesn't know you own a stock, and it doesn't care whether you're winning or losing. Here's why hope and wish are four-letter words for investors.
The Market's Best Teacher Is History
Legendary technical analyst Bob Farrell believed charts are more than lines and patterns — they're a record of investor psychology. Here's what decades of market cycles can teach us about the one we're in now.
You Can't Have All the Upside and None of the Downside
Every investor wants to outperform the market, but few are willing to accept the risk that comes with it. Most want all the upside and none of the downside — but real investing means learning to stay with winning trends and managing risk with discipline, not emotion.
The Chart Often Knows Before the Headlines
Walter Deemer's famous line — "No stock in an uptrend has ever gone bankrupt" — isn't a joke about bankruptcy. It's a reminder that technicals often lead fundamentals, revealing changing investor expectations long before the headlines catch up.
The Market Top Reading List
We’ve recently passed six months since the April 2025 market low. And when the market has risen this far for this long, investors often get super anxious about that next correction which could wipe out all of those previous gains.
Prices Go Up Today Because They Went Up Yesterday
A first-time viewer of my daily market recap show recently asked, “So what was driving the big move higher today?” We always want to know what caused the market to move in a certain way. In reality, while a big news event certainly can and does move markets very quickly, sometimes a trend just persists.
Tiny Changes Lead to Remarkable Results
Change can be overwhelming. And even though I’ve read Paulo Coehlo’s The Alchemist numerous times, it can still be pretty hard to navigate big changes in my life. We just got back from visiting my daughter who is immersing herself in music as a high school senior at Interlochen Arts Academy. This has meant a significant change for all of us…
It’s Not a Stock Market
There are generally two ways you can approach investing in the stock market.
A top-down approach means you start at the macro level, evaluating broad market conditions and then identifying sectors and stocks that should do well given your macroeconomic assumptions.
On the Fallibility of the Fed
As an investing community, we love to hang on every word, if not every syllable, that is uttered by a Federal Reserve governor. And while the Fed serves a vital role as an independent agency charged with the dual mandate of maximum employment and stable prices, and has overall served that role pretty well, we also love to complain about how they often tend to be too early, too late, or just plain wrong.
I Choose To Be Optimistic
I often find that investors often consider “bearishness” and "pessimism" to be synonyms. Any time I’ve shared a cautious tone in my own work, I’ve often gotten questions along the lines of, “Why are you being so pessimistic?” Bullishness and bearishness for me are temporary states…
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“Those who can not remember the past are condemned to repeat it.”