Housing, the American Dream, captures headlines during good economic times and bad. This of course is for good reason. For most Americans their home is their single largest asset and the biggest purchase they will make in their lives. It’s also the easiest asset to borrow against and most buyers use a lot of leverage […]
Several of our clients and our partners have encouraged us to increase the frequency at which we post thoughts and ideas to our website. At a recent offsite, we agreed we should make that a priority for 2022. Consider this an early new year’s resolution and thank you for your feedback. One of the most […]
To our Valued Clients and Friends, We here at Custos hope you and your loved ones had a Merry Christmas and a very happy holiday season. This year, perhaps more than most, we are thankful for your trust and friendship. This post is both a bit of a “year in review” and a look to […]
With the first, and possibly the last, presidential debate in the rearview mirror and less than three weeks until election day, we have been working diligently on ensuring portfolios are properly positioned going into election day. As a team, we discussed the four possible outcomes and how the market might react. Below we will briefly […]
Twenty-three trading days spanning the end of February and most of March is all it took to wipe out three years’ worth of equity market gains. To say the period we just went through was the most dramatic of our collective careers would not be an overstatement – even the ’87 selloff was not as […]
Q1 2019 Recap What a difference a quarter makes. Q1 2019 ended with global markets up sharply against the backdrop of weakening global growth. The first three months of the year registered the best quarterly return for the S&P 500 in over nine years. We have to go back to Q2 and Q3 of 2009, […]
From Bloomberg. By Stephen Gandel. Posted November 12, 2018, 7:56 AM MST. Stephen Gandel with Bloomberg posted an interesting article last fall that took a look at private equity returns. Three professors from Brigham Young University and one from Ohio State University conducted a study that compared private equity returns with those generated by public […]
Sixty-four. Sixty-four trading days is all it took to wipe out what had been an +11.2% year-to-date gain on the S&P 500 and turn the year into nearly an -8% loss. If Friday had been the last day of the quarter, which it was not, Q4 2018 would rank as the sixth worst quarter in […]
We’re there… This week, amidst one of the worst one-day declines in the past decade, a portion of the treasury yield curve inverted. What is “inversion?” Inversion, also referred to as “going negative,” is the term used to describe a unique shape of a yield curve. Typically, the yield curve is upward sloping, and intuitively […]
“Are we having fun yet?” We were asked this by a client in late October as the S&P 500 was approaching correction territory. We thought it appropriate to take stock of the month since it was the first month since our inception where the US equity market was negative. We, like our clients, are glad […]
