Macro David Keller Macro David Keller

Slippery Signs from Junk Bonds

High yield or "junk" bonds are often a leading indicator for stocks as they gauge bondholders appetite for risk.  Although key high yield indices have held up in recent months, breakdowns in the two largest junk bond ETFs suggest further downside for the equity markets.

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Mindfulness David Keller Mindfulness David Keller

How Do I Keep Organized?

A good friend and former colleague of mine asked me how I keep organized.  The short answer: I work really hard at it and still feel I have a long way to go!  The long answer: my approach involves a mix of insights I've gathered from books, planners, people I respect.

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Macro, Sectors David Keller Macro, Sectors David Keller

Softly Scrutinizing Sectors

One of the best ways to get color on leadership in the equity markets is to look at the 11 sector ETFs.  With the S&P 500 testing the top of a clearly defined range, it seemed an opportune time to review these sector charts and compare them to the broader index.

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Behavioral, Investing David Keller Behavioral, Investing David Keller

Nudges and Espresso

A funny thing happened this morning on the way to Starbucks.  After dropping off my daughter Zoe at school, I drove my son Henry down the street toward our usual coffee shop.  "Doppio espresso, that's what I want," I thought to myself as I looked happily at the gentle gray overhead...

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Those who can not remember the past are condemned to repeat it.
— George Santayana