PLUMB LINE INSIGHTS

It had been 20 years since I last visited China, and though that trip included several major cities, this was my first visit to Shanghai.  Twenty years ago, we had a polaroid camera and opened many pleasant conversations by showing people a picture of themselves for the first time. 

Does international diversification really reduce risk? 

Tom Plumb addresses the belief that over time value investing outperforms growth investing.

Tom Plumb discusses how technology is impacting the world we live in. Big data and the fourth industrial revolution are changing how everything is done.

The first quarter of 2019 was a very good three months for both stock and bond markets with the S&P 500 Total Return Index recording its best quarter in twenty-one years, up 13.65%, the MSCI Ex USA International Index up 10.31% and the Bloomberg Barclays Intermediate Corporate Total Return Index up 3.82%.

An old cliché is that markets go down when there are more sellers than buyers and that was definitely the case as we closed out 2018.  An old cliché is that markets go down when there are more sellers than buyers and that was definitely the case as we closed out 2018.

The third quarter of 2018 was marked with a strong domestic stock market, weak Chinese equity market and rising US interest rates. 

We believe stocks are the best leading indicator for the economy, not the other way around. Valuations don’t cause or predict market corrections.

Despite surging volatility, a tumultuous six months ended 6/30/2018 and a small decline in the last week of June, US stocks, as measured by the S&P 500 total return index, showed a positive return for the quarter.

We are pleased to report very favorable results for the Plumb Funds for both the quarter and the calendar year. World stock markets continued their advance in the fourth quarter of 2017.