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Category: Three Things

22 posts categorized as "Three Things"

Three Things to Know & Watch

Apr 5, 2021

By Bill Hornbarger, Chief Investment Officer

Three Things to Know

  • The S&P 500 was up 76% in the year following the pandemic low of March 23, 2020. The second year following post WWII 30% declines (bear markets) stocks were up every time with an average gain of 17%. (Source: CNBC)
  • The Alerian MLP index was up 103.1% for the one-year period ended April 1, 2021. Despite that extraordinary 12-month performance,

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Three Things to Know & Watch

Mar 29, 2021

By Bill Hornbarger, Chief Investment Officer

Three Things to Know

  • The Federal Housing Administration (FHA) which insures nearly 8 million high-risk mortgages, reported that the delinquency rate of its mortgages rose to 17.5% in February, up from 17.0% in January, matching the all-time records of September and November last year. The delinquency rate exceeded 20% in 30 of the 169 largest Metropolitan Statistical Areas, topping out in the metro of Nassau County-Suffolk Country,

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Three Things to Know & Watch

Mar 22, 2021

By Bill Hornbarger, Chief Investment Officer

Three Things to Know

  • At the end of January, there were 1.04 million homes for sale. That is down 26% from a year earlier and the lowest on record going back to 1982, according to the National Association of Realtors. (Source: The Wall Street Journal)
  • The Turkish Lira was quoted as much as 16% lower in early Monday trading in Asia following President Recep Tayyip Erdogan’s decision to replace the country’s central bank chief.

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Three Things to Know & Watch

Mar 15, 2021

By Bill Hornbarger, Chief Investment Officer

Three Things to Know

  • Young people are looking to spend half of their stimulus checks on stocks. (Source: CNBC, Deutsche Bank)
  • American employers have hired back 67% of the 25.4 million jobs that were lost last year during the two months of March and April 2020. (SOURCE: MFS, DOL)
  • The NCAA basketball tournament begins this week after a one-year hiatus.

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Three Things to Know and Watch

Mar 8, 2021

By Bill Hornbarger, Chief Investment Officer

Three things to know

  • At the lows last week, the S&P 500 was down over 5% from its mid-February highs. That is the 28th correction greater than 5% since the March 2009 lows. (Source: Compound Capital Advisors)
  • The momentum factor has significantly underperformed the broader market since the market peak in February. ETFs that track the momentum factor are down 2x-4x the S&P 500 since then as tech stocks,

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Three Things to Know & Watch

Mar 1, 2021

By Bill Hornbarger, Chief Investment Officer

Three things to know

  • The Bloomberg Barclays Aggregate Bond Index has posted four years of negative returns (inclusive of YTD 2021) since 1977. If the year ended today, it would be the worst year on record (-3.0%). (Source: Compound Capital Advisors)
  • After raising a record $83 billion in 2020, SPACs (Special Purpose Acquisition Companies) have raised $60 billion to date in 2021,

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Three Things to Know and Watch

Feb 22, 2021

By Bill Hornbarger, Chief Investment Officer

Three things to know

  • With a market cap of one trillion dollars, Bitcoin would have a weight of 0.6% in ‘The Global Multi-Asset Market Portfolio’ of major asset classes. The next smallest asset class is high yield bonds with $2.4 trillion representing 1.5%. (Source: The Market Ear)
  • The MOVE Index (BofA/Merrill Lynch Option Volatility Expectations), which measures volatility in the bond market has increased 31% over the past two weeks as many investors fear higher rates.

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Three Things to Know & Watch

Feb 16, 2021

By Bill Hornbarger, Chief Investment Officer

Three things to know

  • At least four million people across the central U.S. have been subject to rolling power outages to protect the power grid. (Source: Bloomberg)
  • Four of the top five commodity gainers in 2021 are from the energy complex, led by gasoline, which is 24.3%. The top gainer this year is tin (+44.4%). (Source: Benjamin F Edwards)
  • Since 1950,

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Three Things to Know & Watch

Feb 8, 2021

By Bill Hornbarger, Chief Investment Officer

Three things to know

  • Super Bowl LV is expected to be the most wagered on event in U.S. history. PlayUSA forecasts more than $500M in legal wagers will be made compared to about $300M last year. (Source: Seeking Alpha)
  • The Volatility Index fell 44% over the last seven trading days, the second-largest seven-day decline in history. (Source: The Market Ear)
  • The so called Buffet Indicator,

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Three Things to Know & Watch

Feb 1, 2021

By Bill Hornbarger, Chief Investment Officer

Three things to know

  • In 1979, the price for silver jumped from $6.08 per troy ounce on Jan. 1, 1979, to a record high of $49.45 per troy ounce on Jan. 18, 1980, an increase of 713% as brothers Nelson, Lamar, and William Herbert Hunt, sons of Texas oil billionaire Harold Hunt Jr., bought silver voraciously, at one point owning one-third of the market.

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