The past three months have felt like a year to many investors. Summer began with enthusiasm over the seemingly unstoppable Artificial Intelligence (AI) juggernaut and ended with a much more skeptical debate about costs, valuations, data centers, and the risks of artificial intelligence itself. The stock market has broadened and I tried to take advantage […]
For most clients, it was a tepid quarter, up single digits driven mostly by dividends and interest. When averaged over the past 12 months, high single digit returns were enjoyed by many clients, but performance cannot be generalized. Each client is unique. My practice is what is sometimes referred to as a “boutique” practice. Name […]
Fear Street
A year and a quarter that started out strong ran out of gas as the Federal Reserve failed to lower interest rates and as a military action (“excursion” “war”, call it what you will) resulted in strangulation of one of the most important channels for waterborne transport of oil, liquified natural gas, fertilizer […]
Given the worrisome headlines and market volatility clients are seeing some stepped up trading activity for their accounts. It feels like a good time for a brief update.
I sold out our position in the big bank exchange traded fund. This was bought a few weeks ago based on a loosening regulatory environment and strong bank […]
Over the 25 years of providing investment advice as an Registered Investment Advisor, I’ve often explained that in exchange for peace of mind, a balanced approach requires this tradeoff: during equity bull markets, a balanced approach will appear to underperform, simply because by design there is less […]
Gary Miller sharing his thoughts on the economy and markets with clients at Trusted Financial’s annual holiday luncheon.
Daily gyrations of financial markets continued into the first quarter culminating in an apparent bottom for the S&P 500 stock index on April 7. This was followed by a dramatic turnaround that few anticipated, and few believed. There was so much “noise” amplifying the usual uncertainty that accompanies investing, that protecting client assets appeared the […]
Artificial Intelligence versus web search…how things might change for companies:
July 5, 2025, Wall Street Journal, “The Companies Betting They Can Profit From Google Search’s Demise” by Katherine Blunt
After touching historic highs in mid-February, US stock indexes slumped, with most technology winners of the past three years falling into a meaningful correction. All told, it was a first quarter that began on a positive note as markets cheered what they hoped would be a Trump 2.0 administration focused on deregulation and tax cuts. […]
Want to better understand “the Cloud”? AI? There are revolutionary changes washing through our North American and world economy. Here is a great article with interviews to help shed a light on some of the areas we have seen as opportunities for investors:
Wall Street Journal “Banks Loan $2 Billion to Build a 100-Acre […]