This article was written by Karen Firestone for CNBC.
Many years ago, I learned from an older fund manager that, at 4:00 p.m., you need to wipe that day’s action and performance clean, mentally releasing the self-congratulations and the self-incriminations.
While the stock market has shocked us back to the reality that markets don’t just go up all the time, we have seen the logical buying of very oversold stocks and improvement of international markets that hit extremely low valuations compared to the US. That’s all generally good news for orderly markets.
Kari appeared via video link on Halftime Report this week to discuss the recent selloff.
All those cynics who, for years, have predicted the end of the longest bull market in history, have finally been correct.
One of the favorite pastimes of market watchers is predicting the next seismic shift in investor preference. The latest trendy forecast goes something like this: We’ve had a major pivot from the digital darling FAANG stocks to the rejuvenated “Blue Chips” of 2018. However, finding evidence of this type of leadership swap in history is far from obvious.
This WSJ article discusses how a tight labor market is forcing employers to offer new forms of benefits to lure prospective workers and retain current ones. While the seeming lack of wage growth has perplexed the market, the growth of traditional and non-traditional employee benefits often understate the extent of wage growth in today’s market.
Kari recently called into Closing Bell on CNBC to discuss where she thinks the market can go from here.
Here are a couple of photos from our most recent summer outing. From all of us here at Aureus – enjoy the summer weather while it lasts!
“Last year I decided it was time to shake things up at our investment management company. After 12 years as president and then CEO, I thought it was time to shift some of my responsibilities to my partners.”
In her most recent HBR post, Kari talks about the difficult process of preparing Aureus for an eventual CEO transition.
One of the reasons that “official” interest rates are staying low is that the shadow lending economy has so much available cash to finance deals that traditional banks won’t. PE firms are big players in the game now too.
