Cambria Advisors recently sent out a mailing that was somewhat self-congratulatory noting the 10-year anniversary of the launch of its first ETF.  As we will explore shortly, I contend that the congratulations are well-deserved from a number of perspectives.  The email missive piqued my interest for a specific reason.  The main comparisons made in the […]

Artificial Intelligence related stocks led the way robustly in the first half of 2023 with Nvidia (NVDA) leading the way.  The general consensus among major strategists cautions that the steep price increases of such stocks is characteristic of a market bubble.  Furthermore, for those who must be invested in equity, they suggest using growth stocks […]

Approaching 2023, the experts were in near unanimity that the fourth quarter of 2022 was little more than a dead cat bounce and that once the inevitable recession hit, the bear market would quickly take the S&P 500 Index to new lows.  Instead, the first six months have seen the Nasdaq-100 ETF, Invesco QQQ rise […]

Throughout my career, I’ve heard professional investors assert that index funds are fine for bull markets but in volatile-to-down markets, active management will outperform.  SPIVA (S&P vs. Global) published research available from S&P Global has demonstrated that this was not true for actively managed mutual funds for 2022, and less true for the 2020-2022 period.  […]

The US Stock Market, led by technology, has outperformed most expectations this year. Going into Memorial Day weekend, SPY, the most popular S&P 500 ETF, has risen more than 10%. That’s a very impressive number in the face of many of the best-known strategists predicting a down year for the major index in 2023.   As […]