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March

Per Stirling Capital Outlook – March 2019

If there is any single sentence that epitomizes how the Federal Reserve operated in the pre-Bernanke era, it is probably the reply given by then Fed Chairman Alan Greenspan during a 1987 testimony to the Senate Banking Committee.  He responded to a question by saying, “If I seem unduly clear to you, you must have […]

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February

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January

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December

27

November

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October

Per Stirling Capital Outlook – October 2018

01 Per Stirling Capital Outlook October 2018

The dictionary defines a “perfect storm” as “a detrimental or calamitous situation or event arising from the powerful combined effect of a unique set of circumstances”.  It is also, in our opinion, an appropriate and pragmatic way of describing the wide and diverse array of catalysts for the ongoing correction in the equity markets. Like […]

28

September

Per Stirling Capital Outlook – September 2018

01 Per Stirling Capital Outlook September 2019

One of our all-time favorite quips came from Mark Twain, who noted that “while history does not repeat itself, it oftentimes rhymes”.  With that particularly pithy caveat as a disclaimer, there are some strong and notably persistent tendencies in the capital markets that are unique to midterm election years, and which can create both challenges […]

27

August

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July

Per Stirling Capital Outlook – July 2018

01 Per Stirling Capital Outlook - July 2018

One of the most important concepts in investing is that nominal macro-economic and company-specific data is only made relevant to investors when it is considered in contrast to what expectations existed for the data prior to its release.  This is because securities are discounting mechanisms that are priced based upon what data is expected to […]

29

June

Per Stirling Capital Outlook – June 2018

01 Per Stirling Capital Outlook - June 2018

In light of the almost surreal trade-related headlines that confront us on a daily basis, it seems only appropriate to invoke the words of philosopher George Santayana, who famously remarked that “Those who cannot remember the past are condemned to repeat it.” If the founding fathers of the world’s various democracies knew then what we […]


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