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Commentary


Q4 2023 Market Commentary

January 17, 2024
Reviewing A Math Lesson IRL (In Real Life) by Timothy J. Videnka, CFA, CFP® “Obvious’ is the most dangerous word in Mathematics.” – Eric T. Bell, Mathematician Historically, the stock market has gone up approximately 70% of the time, in calendar year terms. During periods when it has not risen, there have been some major […]

KISS Investment Principle

December 04, 2023
The KISS Investment Principle: Keep It Simple & Sound by Michael E. DeMassa, CFA, CFP® Yes, the last “s” is modified from the original KISS principle – “Keep it simple, stupid!” – that was first noted by the U.S. Navy’s “Project KISS” in 1960 and popularized in the 1970s. This slight change should keep me […]

Q3 2023 Market Commentary

October 30, 2023
The Inflation Fight Continues “Anything worth doing is worth overdoing.” – Mick Jagger (Rolling Stones) The Federal Reserve continues its fight to bring inflation down to its two percent target on the Consumer Price Index (CPI). Recently, Jerome Powell and his flock of Fed governors have turned to using words to influence markets. Sayings like […]

Q2 2023 Market Commentary

July 28, 2023
Priced for Federal Reserve Perfection “If you can walk away from a landing, it’s a good landing. If you use the airplane the next day, it’s an outstanding landing.” – Chuck Yeager As of this writing, the Federal Reserve raised the federal funds rate at its July confab to the range of 5.25 to 5.50%. Much […]

Q1 2023 Market Commentary

April 26, 2023
One Foot on the Brake and One Foot on the Gas   “Driving a car while having one foot on the brake and one foot on the gas will make your neck very sore.” – Unknown Foot on the Brake: Interest Rate Increases The long and variable lagged impacts of steady interest rate increases since […]

Q4 2022 Market Commentary

January 27, 2023
Don’t Fight the Ebb Tide As the Federal Reserve has continued to raise interest rates in line with its commitment to fight inflation, the tightening of monetary policy and the draining of liquidity from the financial system has revealed some unsavory acts, notably in cryptocurrencies and particularly regarding so-called crypto exchanges. Recently, some of the […]

Q3 2022 Market Commentary

October 25, 2022
The Main Event: Cure Vs. Disease – “What’s your prediction for the fight, then?” – “Prediction?” – “Yes, prediction.” – “Pain.” Clubber Lang, pre-fight interview, “Rocky III” Recent U.S. Federal Reserve comments regarding the central bank’s resolve in fighting inflation have become more frequent and consistent. In his August 26, 2022 comments from Jackson Hole, […]

Q2 2022 Market Commentary

July 18, 2022
Company News: Forza Wealth Management is pleased to welcome Kimberly Evener as Director of Client Services. Please be on the lookout for a formal press release announcing her new role. What About Bob? No, we are not referring to the 1991 full-length feature comedy where a needy patient, played by Bill Murray, tracks down his […]

April 2022 Market Commentary

April 26, 2022
Netflix: Have We Seen this Movie Before? “History has shown that whenever companies, no matter how great, get priced above 50 to 60 times earnings, buyer beware.” “Big-Cap Tech Stocks Are a Sucker Bet,” Jeremy Siegel, The Wall Street Journal, March 14, 2000 The recent and continued re-rating of Netflix stock serves as a reminder […]

March 2022 Market Commentary

March 18, 2022
 Beware the Growth Bias in the S&P 500 Index After several years of Growth stocks dominating Value stocks, the S&P 500 Index may no longer be the “broadly diversified” benchmark investors have relied upon to track the market. With the largest companies in the S&P 500 Index carrying an undue load, investors may be exposed […]