Party Crashers

By | January 29th, 2018|Advisor Insights|

So, guess who’s responsible for this month’s outsized inflow of cash into global stock funds and ETFs? According to information from the industry’s largest discount brokerages, the answer is “individual investors,” particularly those of the younger set. The big discounters are, in fact, reporting an aggressive surge in activity, much of coming from party animals [...]

Exchange Traitor Fund

By | January 16th, 2018|Advisor Insights|

Story’s going ‘round Wall Street about the alleged “theft” of a billion-dollar fund, ironically enough a cybersecurity exchange-traded fund with the ticker symbol HACK. It’s a mystery, they say, and the intrigue is “gripping” the ETF world. Why, even NASDAQ claims to be a “victim” of the ETF heist!  Hmmm. Sounds a bit interesting. Best [...]

Predictable Predictions

By | January 3rd, 2018|Advisor Insights|

It’s been said, allegedly by a great Yankee catcher, that “It's tough to make predictions, especially about the future." We’ve no clue whether #8 said it or not, but whoever did was on to something, at least with regard to stocks and bonds. Fact is, it’s impossible to divine which direction the financial markets will [...]

A Story About Gravity

By | December 12th, 2017|Advisor Insights|

Isaac Newton is known to all as one of the world’s greatest scientists, the greatest perhaps. What’s lesser known to us modern-day folks is that in addition to his efforts toward optics, astronomy, physics, and calculus, Newton served as Master of Britain’s Royal Mint. And while Isaac enjoyed a profitable scientific reputation across his life, [...]

Predictably Unpredictable

By | November 28th, 2017|Advisor Insights|

So, a few traders traded Friday and, in a holiday-shortened session, managed to negotiate the S&P 500 past 2600 for the first time ever. For those keeping score, it was the big benchmark’s 55th closing high of the year. Taken together with the NASDAQ’s 69 record closes and the Dow’s 60 new highs this year, [...]

Opposite Sides Of The Coin

By | November 14th, 2017|Advisor Insights|

Quick cryptocurrency quiz. Virtually circle a correct answer. Only one, or maybe four, choices can be right. Mark your answer to eight decimal places. Bitcoin is: A currency An equity A social network Internet gold A way to get fired The definitive answer is we have no idea if any, or all, of these are [...]

Guess Who Put The “E” In “ETF”

By | October 25th, 2017|Advisor Insights|

Since October is the only time of the year when each of the "Big Four" professional sports leagues schedule games, you may have missed the trigentennial anniversary of “Black Monday”. By way of reminder, it was thirty years ago, October 19, 1987, when the Dow Jones Industrial Average plunged 508 points -- a mind-boggling 22.6% [...]

Regulator, Don’t Manage Thyself

By | October 9th, 2017|Advisor Insights|

By way of background, the National Association of Securities Dealers – the NASD – was founded in 1939 to oversee the behavior of brokerage firms under the SEC’s watch. In 1971, the self-regulatory association, much to the dismay of its spread-happy member firms, launched the industry’s first electronic stock quotation system: The National Association [...]

When Hacks Get Hacked

By | September 26th, 2017|Advisor Insights|

According to Merriam-Webster, “schadenfreude” is an unintentional pleasure that comes from seeing or hearing about another person's troubles or failures. Etymologically, the word is taken from German – Schaden, meaning damage, plus Freude, meaning joy. A good example of the term would be the certain joy many in the industry are experiencing as they witness [...]

Don’t Bank On It

By | September 12th, 2017|Advisor Insights|

Unless you serve on the Fargo Historical Society, you probably don’t know that North Dakota’s largest city is named after a fine fellow named William Fargo. We’re not entirely sure why, maybe because he was a director of the Northern Pacific Railway, or maybe because he was a two-term mayor of Buffalo. Whatever the [...]