Barron’s
Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved. The rankings are based on data provided by over 6,186 individual advisors and theirfirms and include qualitative and quantitative criteria. Factors included in the rankings: assets under management, revenue produced for the firm, regulatory record, quality of practice, and philanthropic work. Investment performance is not an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients’ risk tolerance than by an advisor’s investment-picking abilities. The ranking may not be representative of anyone client’s experience, is not an endorsement, and is not indicative of an advisor’s future performance. Kaydan Wealth Management, Inc. does not pay a fee in exchange for this award/rating. Barron’s is not affiliated with Kaydan Wealth Management, Inc.
Forbes
SHOOK does not receive compensation in exchange for its Top Advisor placements or rankings, which are determined independently (see methodology). Participation in this directory is limited to ranked advisors; once placed on a ranking, advisors may choose to pay fees to Forbes and Shook for premium listing features as indicated by highlighted names. Investors must carefully choose the right advisor for their own situation and perform their own due diligence. SHOOK’s research and rankings provide opinions intended to help investors choose the right financial advisor and are not indicative of future performance or representative of any one client’s experience. Past performance is not an indication of future results. For more information, please see www.shookresearch.com. SHOOK is a registered trademark of SHOOK Research, LLC. Forbes is not affiliated with Kaydan Wealth Management, Inc.
©2024Banco de Mexico Diego Rivera Frida Kahlo Museums Trust, Mexico, D.F. / Artists Rights Society (ARS), New York
February 22, 2021
Kaydan’s Commentary
THE MARKETS
It’s a contrarian’s dream come true.
Contrarian investors like to buck the trend. They buy when other investors are selling and sell when others are buying.
Last week, Bank of America (BofA) delivered a contrarian’s dream. BofA’s monthly survey of 225 global asset managers, who are responsible for $645 billion in assets under management, showed the managers were almost fully invested, according to CNBC.
The survey showed asset managers’, “…cash levels at the lowest since March 2013, global equity allocations at a 10-year high, and a record number of respondents reporting taking a ‘higher than normal’ level of risk,” reported Randall Forsyth of Barron’s.
Asset managers’ optimism reflects central banks’ monetary policies, governments’ fiscal stimulus programs, and positive signs of economic recovery.
Last week, yields on 10-year Treasuries moved higher and the Dow Jones Industrial Average advanced. The Standard & Poor’s 500 Index and Nasdaq Composite both finished the week lower.
IT’S BLACK HISTORY MONTH.
Throughout the month of February, people in the United States celebrate the achievements of Black Americans. President Gerald Ford started the tradition in 1976 to “…seize the opportunity to honor the too-often neglected accomplishments of Black Americans in every area of endeavor throughout our history.” Test your knowledge by taking this brief quiz.
A. Yvonne Brathwaite Burke
B. Shirley Chisholm
C. Barbara Jordan
D. Gwen Moore
A. World War I and World War II
B. World War II and Korean War
C. Korean War and Vietnam War
D. Vietnam War and Grenada
A. Candace Carty-Williams
B. Marlon James
C. Edwidge Danticat
D. Ta-Nehisi Coates
A. Law
B. Medicine
C. Chemistry
D. History
Quiz Answers:
1.) B – Shirley Chisholm.
2.) A – World War I and World War II.
3.) C – Edwidge Danticat
4.) C – Chemistry
Weekly Focus – Think About It
“No person is your friend who demands your silence, or denies your right to grow.”
–Alice Walker, American novelist and poet
Sources:
https://www.investopedia.com/terms/c/contrarian.asp
https://www.cnbc.com/2021/02/16/the-only-reason-to-be-bearish-is-theres-no-reason-to-be-bearish-bank-of-america-says.html
https://www.barrons.com/articles/higher-interest-rates-dont-trouble-the-stock-marketat-least-not-yet-51613786125?mod=hp_LEAD_1 (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/02-22-21_Barrons-Rising_Interest_Rates_Dont_Trouble_Equity_Investors-At_Least_Not_Yet-Footnote_3.pdf)
https://www.reuters.com/article/us-global-stocks-bubbles-idUSKBN2AJ1IL
https://www.barrons.com/articles/why-this-bull-market-shows-no-sign-of-ending-soon-51613781492?refsec=the-trader (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/02-22-21_Barrons-Why_this_Bull_Market_Shows_No_Sign_of_Ending_Soon-Footnote_5.pdf)
https://apnews.com/article/fed-low-rates-coronavirus-economy-a142da0b3bac10860247732cdc2a7acf
https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
https://www.reuters.com/article/us-global-punchbowl/column-central-bank-punch-bowl-still-brimming-for-markets-idUSKBN2AJ0P0
https://www.reuters.com/article/us-usa-fed-barkin/barkin-economy-should-surge-even-absent-full-herd-immunity-to-coronavirus-idUSKBN2AJ1L9
https://www.presidency.ucsb.edu/documents/message-the-observance-black-history-month-february-1976
https://www.biography.com/news/shirley-chisholm-quotes
https://www.axios.com/newsletters/axios-markets-8b02fc2a-fb10-4dd0-b31d-978077ee9cfa.html
https://www.goodreads.com/quotes/531902-when-you-write-it-s-like-braiding-your-hair-taking-a
https://www.axios.com/newsletters/axios-markets-b7f34821-1a4a-46f4-8e09-b67437a1539b.html
https://www.biography.com/scientist/percy-julian
https://www.goodreads.com/author/quotes/7380.Alice_Walker
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