Active investment management’s weekly magazine for fee-based advisors

How I See It
Market commentary provided by well-known technical and research analysts, financial authors, investment newsletter publishers, and economists. The opinions expressed each week represent their professional perspectives and not necessarily those of the magazine.

The hard market truth: No risk, no return

For almost a half-century, I have practiced and preached risk management. But that doesn’t mean that there will be no risk. For 2 1/2 years (February 2016 through September 2018), the market did virtually nothing but rally. Gains were big and plentiful....

Determining the trend of volatility

We often talk about how the stock market usually trends in the opposite direction from volatility ($VIX). But how do we really measure the trend of $VIX? Often, we use the 20-day moving average (MA), but that is a very short-term moving average that...

Gold’s major cycle low due in February

About every 13 and a half months, gold prices see an important price bottom, and the next one is due in February. Now, before you start marking your calendars, understand that actual bottoms have historically arrived plus or minus a month from the...