Blog

Will Italy Be Saved by the ECB?

The Italian election at the end of May has shaken up Europe and the Italian bond market.    The change in Italy will make things more volatile over the next several months.    We believe that the ECB will keep Italy afloat…
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Ballooning Corporate Debt

Corporations have increased debt loads over the past few years because of the Federal Reserve’s ultra easy monetary policy. Now with rates going up, stress is starting to show up in the corporate bond market. With over $4.4 trillion in…
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Recency Bias: Are You at Risk?

Jim Gore, CIO of THOR Investment Management, discusses some of the behavioral biases we are seeing by investors in the stock market today.
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Time Weighted vs. Money Weighted Returns

Many people assume calculating performance returns on investment accounts to be a very simple process.  In its simplest form, you can get your percentage investment return by using this simple equation:  (Ending Value – Beginning Value) / Beginning Value.  With…
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EMERGING MARKETS – DISCOUNT TO US STOCKS

In 2009, we had no money invested in emerging markets. Today, we are overweight international stocks – especially emerging markets.  In 2017, emerging markets generated returns in excess of 30%.  Despite this performance, emerging markets have significantly underperformed since their…
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ENERGY INVESTING- WE ARE ONLY IN THE 2ND OR 3RD INNING!

One of the best performing sectors in the equity market recently has been energy.  Since the end of November, mid-stream pipelines (Master Limited Partnerships – MLPs) are up over 19% through last Friday’s close.  We believe that these gains represent…
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Market Updates

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