Markets Reach New Highs! It Doesn’t Matter!

By Thomas J. Connelly, CFA, CFP Eventually, sooner rather than later, newspaper headlines will trumpet a new record high for the Dow Jones Industrial Average and the S&P 500 index.  At 14,029, the Dow is just a 1% rise from its record closing high of 14,164.53 set...

Investing by Population

By Thomas J. Connelly, CFA, CFP The map you see on this page has been widely circulated among professional investors, and it tells an astonishing story.  The circle encloses less than an eighth of the world’s total land mass, but it includes more than half of...

HFT: Innovation or investor exploitation?

By Matt Dundas Technology and lax regulations have transformed the stock market from an honest, capital-allocating machine into a smoke-and-mirrors carnival game – at least that’s what Michael Lewis claims in his latest book, Flash Boys: A Wall Street Revolt. Lewis’...
A Little Optimism Please

A Little Optimism Please

Thomas J. Connelly, CFA, CFP®, President & Chief Investment Officer It has been said that one of the primary jobs of an investment adviser is to lean against the wind—to espouse caution when others are exuberant, and to promote optimism when everyone else is...