Monthly Updates

A little over two weeks ago, the S&P 500 closed at its lowest level of the year, at 3900, down over -18% from year-end. Other indexes, such as the S&P 600 (small caps), S&P 400 (mid caps), and the EFA (international), made higher lows that day, and the number of stocks making new lows diminished, […]

The saying goes “April showers bring May flowers.” It supposedly is a reminder that in the case of heavy rains in April (not in Southern California!), it can bring about pleasant things, in this case, beautiful flowers.  That would be a blessing to stock and bond investors, who may be feeling like they just went […]

As Bob Kargenian mentioned in last month’s newsletter, I will write the TABR Capital Management newsletter about every four months going forward. In this month’s newsletter, I’m thrilled to introduce my new book, Spiraling Up: Discover Financial Serenity, Make Work Optional, and Live Happily in Retirement, which is being launched today. The best way to […]

Technical Analysis can be an inexact science. Charts, patterns, formations, indicators. And candidly, a lot of subjectivity. We’ve been using a quantitative approach to markets since the mid-1980s, where we take technical indicators and use them with sets of rules. This provides more discipline, and less emotion. One of the simplest things that investors can […]

With approximately 7 minutes left in the game last Sunday at SoFi Stadium, a 17-17 tie between my 49ers and the LA Rams, Jimmy Garoppolo and his offense had a chance to take the Niners to the Super Bowl for the 2nd time in 3 seasons. But, the offensive line failed to give him enough […]

In their final meeting of 2021 last week, Fed Chairman Jerome Powell announced that the asset purchases the Fed has been making for about 18 months now at the clip of $140 billion per month, would not only be “tapered” further, but will now end in March of 2022. At that point, the Fed will […]

After being an afterthought for the last 20 years at mostly under 2.5% annualized, inflation is dominating our lives in many areas, from gas prices to food to homeowners insurance (basic materials) and beyond, including wages. In simple terms, inflation is too much money chasing too few goods. It’s certainly more complicated than that. However, […]

I’ve been trading/investing in high yield corporate bond funds since the mid-1980s, after stumbling onto a formula that we still use a variation of today. It works. In the fixed income component of our clients’ diversified portfolios, junk bond funds make up 70% of the allocation (when we’re in risk on mode). To those not […]

How many of you have heard this story before? A friend shares over coffee or a beer how much money they’ve been making in Apple, Amazon, Tesla or Pfizer. You’re intrigued. After all, those guys at TABR have you in boring, old, index funds via ETFs for your stock market exposure. You know, the S&P […]

The late Hall of Fame baseball player and manager Yogi Berra was also known for his many quirky quotes. Back in 1985, a sportswriter was describing the performance of golfer Payne Stewart, who had just lost a tournament on the first extra hole, just as he had done the prior year at Colonial. The writer […]