Our Latest Market Commentary
I’ve started typing this article just three hours before the start of one of the biggest weekends in sports each year. It’s the beginning of the March Madness tournament, when 68 of the best college basketball teams in the country go head-to-head in arenas all over the U.S. in a battle to determine the NCAA’s champion… the best team in the country. As millions of brackets are filled out, most are unaware of what the March Madness tournament can teach you about investing. Or said another way, the way you fill out your brackets might say a lot about you as an investor!
This week marks the 9th anniversary since the bottom of The Great Recession. There will be some that suggest we have already experienced two crashes since then:
- The subsequent 60-day drop in the market following the U.S. Treasury downgrade in 2011, and/or
- The 20-month, sideways market between summer of 2015 and fall of 2016 when the market fell more than -12% and then fell again to the tune of -14% just a few months later.
I’m going to apologize in advance because this week’s commentary is going to be a hodge-podge grab bag of an article. First, let’s talk about Bitcoin…
Cryptocurrencies have gone pretty quiet since the huge crash that took place between December and the beginning of February. The Bitcoin Investment Trust (GBTC) fell more than -73% over this short time period. Here was a tweet from my Twitter account back on February 3rd… read more…