Macro

Sector Alert: Communication Services About To Get Sexier

Sector Alert: Communication Services About To Get Sexier

At the end of September, the Telecom Services Sector will cease to exist, and the new Communication Services sector will be born.  I created this post following a morning of Googling to try and gather the best information out there.  Let's review what is happening, how it will affect existing sectors, and how investors should think about this change.

Three Charts That Make Me Cautious

Three Charts That Make Me Cautious

Predicting the future direction of the markets is 1) really difficult, 2) never about certainties, and 3) all about probabilities. Because of those three truths, I like to focus on price itself.  As legendary technical analyst and mentor Ralph Acampora once said, "The only thing you can't restate is price." Three charts in my daily routine have started to turn from bullish to bearish, suggesting caution in the coming weeks and months.

Now Presenting the Bear Case

Now Presenting the Bear Case

A respected former colleague of mine absolutely loved to play devil's advocate.  Whatever investment thesis was posed, he would always take the other side of the argument. Over time, I began to understand and respect this approach.  Sometimes his challenge would expose behavioral biases such as confirmation bias or the endowment effect, leading us to reconsider our outlook and positioning.