The Decade of the 2020s. We are 1 year in. 2020 was an unforgettable year. It was a year people want to forget. Science won the day and the year. The question now is what…
Bedell FrazierJanuary 8, 2021
Can you believe we are already halfway through the year? Can you believe we have another half to go?? The answer depends upon your visibility and vantage point. There is nothing normal about 2020. Within 6 months,…
Bedell FrazierJuly 2, 2020
The Bull Market officially ended. Growth was already slowing, and asset prices had lofty valuations. We have been thinking we had already been in a Bear Market for two years, starting in January of 2018…
Bedell FrazierApril 3, 2020
The visibility is clearing but still remains cloudy. As we enter the 3rd decade of the 21st century, there has been a temporary truce in the Trade War and Brexit is moving forward. Some of…
Bedell FrazierJanuary 3, 2020
We titled our Spring Newsletter: "The Check Engine Light is on," which was triggered by the inversion of the yield curve. That is an age-old indicator of stress in the financial system, which has often…
Bedell FrazierOctober 4, 2019
What a difference a year makes. Just 12 months ago, the US Economy was accelerating. It recorded its first 4% quarterly growth rate in years. The tax cuts provided the kicker. Corporate Earnings responded too.…
Bedell FrazierJune 28, 2019
The Secular Bull Market just turned 10. It was a decade ago that the US Stock Market reached a bottom and the Financial Crisis ended. It was the Spring of 2009. Out of the ashes,…
Bedell FrazierApril 5, 2019
To help understand where we’re going, we always study the past. 2018 was a year characterized by stress and volatility. In many ways, it was the complete opposite of 2017. That didn’t mean there wasn’t…
Bedell FrazierJanuary 4, 2019
It’s official. This Bull Market is now the longest lasting in American history. The S&P 500 entered October near all-time highs. This Bull is now 9 years, 7 months old and counting. Born in the…
Bedell FrazierOctober 5, 2018
If one phrase can capture the first half of 2018, it could definitely be predictably unpredictable. There’s a lot of it today. We see it in disruptive technology. We see it in global trade. We…
Bedell FrazierJune 29, 2018
Volatility returned in size to start the new year. It wasn’t unexpected. We titled our annual Outlook piece Mean Reversion. It is the backbone of our 2018 investment strategy. The new year began with the Stock Market seriously extended. Without…
Bedell FrazierApril 5, 2018
